Form N-23C-2 - Notice by closed-end investment companies of intent to purchase their own securities
September 04 2024 - 6:24PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTIFICATION OF REDEMPTION OF SECURITIES PURSUANT TO
RULE 23C-2 UNDER THE INVESTMENT COMPANY ACT OF 1940
Investment Company Act file number: 811-23067
RIVERNORTH CAPITAL AND INCOME FUND, INC.
(Exact Name of the Registrant as Specified in Charter)
360 South Rosemary Avenue, Suite 1420
West Palm Beach, FL 33401
(Address of Principal Executive Office - Zip Code)
The undersigned registered closed-end investment company hereby notifies
the Securities and Exchange Commission (“Commission”) that it may redeem securities of which it is the issuer, as set forth
below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940 (the “Act”).
(1) Title of Class of Securities of RiverNorth Capital and Income Fund,
Inc. (“Fund”) to be Redeemed:
5.875% Series A Term Preferred Stock (CUSIP – 76882B207), with a
liquidation preference of $25 per share (the “Series A Shares”).
(2) Date(s) on Which the Securities may be Redeemed:
The Fund may redeem the Series A Shares during the period beginning 30
days after the filing of this notification with the Commission until October 31, 2024. The redemption of the Series A Shares in full may
be effected on a subsequent date, due to changes in market conditions or otherwise as determined by the Fund. The
Fund reserves the right to postpone or cancel the redemption in its sole discretion.
(3) Applicable Provisions of the Governing Instrument Pursuant to which
the Securities may be Redeemed:
The Series A Shares are being redeemed pursuant to Section 2.5(d) of the
Articles Supplementary Establishing and Fixing the Rights and Preferences of Term Preferred Shares dated as of October 18, 2017.
(4) Number of Shares and the Basis Upon Which the Securities that may
be Redeemed are to be Selected:
The Fund will redeem 100% of the outstanding Series A Shares (1,656,000
shares).
SIGNATURE
Pursuant to Rule 23c-2 under the Act, the Fund has caused this Notification
of Redemption of Securities to be duly executed on its behalf by the undersigned in the City of West Palm Beach and the State of Florida
on this 4th day of September, 2024.
RIVERNORTH CAPITAL AND
INCOME FUND, INC. |
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By: |
/s/ Marcus L. Collins |
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Name: |
Marcus L. Collins |
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Title: |
Chief Compliance Officer & Secretary |
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