RiverNorth Closed-End Funds Announce Distribution Dates for April, May, and June 2025
West Palm Beach, FL – In a recent press release, RiverNorth Investment Management LLC announced the distribution dates for their closed-end funds for the months of April, May, and June 2025. The distribution policy of the Funds is subject to the approval of the Board of Trustees.
Distribution Calendar
Here’s a breakdown of the distribution calendar:
- Ex Date: The date on which a shareholder must be recorded on the Fund’s books in order to be entitled to receive a distribution.
- Record Date: The date on which a shareholder must be on the Fund’s books to be entitled to receive a distribution.
- Payable Date: The date on which the distribution is actually paid to shareholders.
The distribution schedule for the next three months is as follows:
| Month | Ex Date | Record Date | Payable Date |
|---|---|---|---|
| April 2025 | 4/15/2025 | 4/15/2025 | 4/30/2025 |
| May 2025 | 5/15/2025 | 5/15/2025 | 5/30/2025 |
| June 2025 | 6/13/2025 | 6/13/2025 | 6/30/2025 |
Tax-Exempt Distributions
Additionally, the Funds have announced tax-exempt distributions for the following:
- Fund Name: RiverNorth High Income Fund
- Ticker: RNH
- Distribution Per Share: $0.13
- Net Asset Value (NAV) as of 3/31: $14.16
Impact on Individual Investors
For individual investors, the distribution dates provide a clear timeline for when they can expect to receive their payments. This information can help investors plan their financial strategies and manage their cash flow.
Impact on the World
On a larger scale, the distribution schedule can have an impact on the overall economy. Closed-end funds are investment companies that issue a fixed number of shares, which trade on an exchange like a stock. The distributions they make can provide a source of income for retirees and other investors, which in turn can help support consumer spending.
Conclusion
In conclusion, RiverNorth’s announcement of the distribution dates for their closed-end funds provides valuable information for both individual investors and the broader economy. By understanding the distribution schedule, investors can plan their financial strategies and manage their cash flow, while the distributions themselves can help support consumer spending and contribute to economic stability.
As always, it’s important to remember that investing involves risks, including possible loss of principal. If you have any questions or concerns about your investments, be sure to consult with a financial professional.
