RiverNorth Capital and Income Fund, Inc. repurchases its outstanding 5.875% Series A fixed-term preferred stock

The Board of Directors of RiverNorth Capital and Income Fund, Inc. (the “Fund”) (NYSE: RSF) has approved the redemption of all 1,656,000 outstanding shares of its 5.875% Series A Term Preferred Stock (the “Series A Preferred Stock”) (NYSE: RMPL).

The expected redemption date is October 4, 2024 (the “Redemption Date”), but redemption may occur at a later date due to changes in market conditions or as otherwise determined by the Fund, but no later than the mandatory redemption date of October 31, 2024. The redemption price for Series A Preferred Stock is estimated to be $25.20 per share of Series A Preferred Stock, which is equal to the liquidation preference price of $25.00 per share plus $0.20 per share representing estimated accrued and unpaid dividends through the Redemption Date. Upon redemption, the Series A Preferred Stock will no longer be considered outstanding, dividends will no longer accrue, and all rights of the holders of the Series A Preferred Stock with respect to the Series A Preferred Stock will terminate. The Fund has filed a notice of intent to redeem its Series A Preferred Stock with the Securities and Exchange Commission.