SCHEDULE 13G: Nomura Holdings Discloses 5.4% Passive Stake in RiverNorth Capital & Income Fund

Nomura Holdings Inc. and its subsidiary, Nomura Global Financial Products Inc., have reported a passive beneficial ownership of 5.4% in RiverNorth Capital & Income Fund, Inc., totaling 200,000 shares.

Summary

• Nomura Holdings Inc. and its wholly-owned subsidiary, Nomura Global Financial Products Inc., have jointly reported beneficial ownership of 200,000 shares of Common Stock in RiverNorth Capital & Income Fund, Inc.
• This ownership represents 5.4% of the Issuer's outstanding Common Stock.
• The percentage is calculated based on 3,669,893 shares of Common Stock outstanding as of December 31, 2024, as reported on the Issuer's website.
• The shares are held for investment purposes in the ordinary course of business and were not acquired or held for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing no inherently positive or negative operational or financial news about the issuer. The sentiment is neutral as it simply reports a passive stake.

Positives

• A significant institutional investor, Nomura Holdings Inc., has taken a 5.4% passive stake, which can be viewed as a vote of confidence in the issuer.
• The filing explicitly states that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer, indicating a stable, non-activist investment.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the issuer's future performance or the reporting persons' future investment intentions beyond the current passive holding.

Management Comments

• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine disclosure in the financial industry, indicating a significant passive investment by a major global financial institution. It reflects standard investment activity rather than a specific trend or competitive move within the asset management or investment fund sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, potentially reinforcing confidence in the company's stock due to a major financial entity holding a stake.

Key Dates

Keywords

SEC filing, Schedule 13G, beneficial ownership, Nomura Holdings, Nomura Global Financial Products, RiverNorth Capital & Income Fund, Common Stock, passive investment, institutional ownership