RiverNorth Capital and Income Fund filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Other Events, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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ITEM 3.01 NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD; TRANSFER OF LISTING
In anticipation of the events described in Item 8.01 below, the RiverNorth Capital and Income Fund, Inc.’s (the “Fund”) 5.875% Series A Term Preferred Stock (the “Series A Preferred Stock”) (NYSE: RMPL) will be suspended from the New York Stock Exchange (“NYSE”) before market open on the anticipated redemption date of October 4, 2024. A Form 25 will be filed with the Securities and Exchange Commission (“SEC”) to effect the withdrawal of the listing of the Series A Preferred Stock from the NYSE.
ITEM 8.01 OTHER EVENTS
On September 4, 2024, the Fund announced the redemption of all 1,656,000 outstanding shares of its Series A Preferred Stock. The anticipated redemption date is October 4, 2024 (the “Redemption Date”), but the redemption may be effected on a subsequent date no later than the mandatory redemption date of October 31, 2024, due to changes in market conditions or otherwise as determined by the Fund. The Series A Preferred Stock redemption price is estimated to be $25.20 per share of Series A Preferred Stock, which is equal to the liquidation preference of $25.00 per share plus $0.20 per share representing estimated accrued and unpaid dividends to the Redemption Date. The Fund has filed a notice of its intention to redeem the Series A Preferred Stock with the SEC.
The press release announcing the redemption and delisting of the Series A Preferred Stock is filed as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits |
| 99.1 | Press Release, dated September 4, 2024 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| RiverNorth Capital and Income Fund, Inc. | ||
| By: | /s/ Patrick W. Galley | |
| Name: | Patrick W. Galley | |
| Title: | President |
Date: September 4, 2024