Rivernorth Capital and Income Fund Inc. $(RSF)$ has announced the preliminary results of its recent transferable rights offering, which concluded on July 7, 2025. The fund has received subscription requests for 1,924,556 shares of common stock and anticipates issuing approximately 1,105,000 new shares, generating gross proceeds of around $15.9 million before expenses. The final subscription price was set at $14.39 per share, slightly below the initial estimate of $14.51. Any excess payments will be returned to subscribers in accordance with the prospectus supplement filed with the SEC on May 30, 2025. The offering was oversubscribed, and additional shares will be allocated pro-rata among stockholders who submitted over-subscription requests. Final results are expected to be announced on or about July 9, 2025.
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