Filing Analysis
⚠️ Delisting Notice
Filed Oct 01, 2024
🟡 MEDIUM
The Fund is announcing the upcoming suspension and delisting of its 5.875% Series A Term Preferred Stock (NYSE: RMPL) from the New York Stock Exchange. This follows a prior announcement regarding the redemption of all outstanding shares.
🚩 Red Flags
- Delisting of a specific security class (Series A Preferred Stock) from the NYSE.
📋 Key Facts
- Redemption of all 1,656,000 outstanding shares of 5.875% Series A Term Preferred Stock (RMPL).
- The anticipated redemption date has been moved from October 4, 2024, to October 31, 2024.
- Estimated redemption price is $25.31 per share ($25.00 liquidation preference + $0.31 accrued dividends).
- The Series A Preferred Stock will be suspended from the NYSE before market open on the redemption date.
- A Form 25 will be filed to effectuate the withdrawal of the listing.
⚠️ Delisting Notice
Filed Sep 04, 2024
🟡 MEDIUM
RiverNorth Capital and Income Fund, Inc. announced the upcoming redemption of all outstanding Series A Preferred Stock (RMPL) and its subsequent delisting from the NYSE. The redemption is expected to occur around October 4, 2024.
🚩 Red Flags
- Delisting of a specific security class (Series A Preferred Stock) from the NYSE.
📋 Key Facts
- The Fund will redeem all 1,656,000 outstanding shares of 5.875% Series A Term Preferred Stock (NYSE: RMPL).
- Anticipated redemption date is October 4, 2024, with a mandatory deadline of October 31, 2024.
- Redemption price is estimated at $25.20 per share ($25.00 liquidation preference + $0.20 estimated accrued dividends).
- The Series A Preferred Stock will be suspended from the NYSE before market open on the anticipated redemption date.
- A Form 25 will be filed to effectuate the withdrawal of the listing.
Disclaimer: This analysis is generated by AI and is for informational purposes only.
It does not constitute financial advice, investment recommendations, or an offer to buy or sell securities.
Always review the original SEC filings and consult a financial advisor before making investment decisions.