SCHEDULE: Nomura Holdings Discloses 5.9% Stake in RiverNorth Fund
Beneficial Ownership Disclosure
Nomura Holdings Inc. and its subsidiary Nomura Global Financial Products Inc. have reported a 5.9% beneficial ownership stake in RiverNorth Capital & Income Fund, Inc., totaling 250,000 shares.
Summary
- Nomura Holdings Inc. and its wholly-owned subsidiary, Nomura Global Financial Products, Inc., collectively hold beneficial ownership of 250,000 shares of Common Stock in RiverNorth Capital & Income Fund, Inc.
- This ownership represents 5.9% of the outstanding Common Stock of RiverNorth Capital & Income Fund, Inc.
- The percentage is calculated based on 4,252,062 shares of Common Stock outstanding as of September 30, 2025, as reported on the Issuer's website.
- The shares are held with shared voting and shared dispositive power by both Nomura Holdings Inc. (through NGFP) and Nomura Global Financial Products Inc. directly.
- The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook. The acquisition of a significant stake by a major institution can be viewed as a positive signal by the market, but the filing itself is neutral.
Positives
- A significant institutional investor, Nomura Holdings Inc., has taken a 5.9% stake in RiverNorth Capital & Income Fund, Inc., which may signal confidence in the fund's strategy or assets.
- The investment is stated to be for ordinary course of business, implying a passive, long-term interest rather than an activist position.
Future Outlook
The filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's or reporting persons' future performance or strategy.
Industry Context
This Schedule 13G filing indicates a significant institutional investment by a major global financial services group, Nomura Holdings, in a closed-end fund. Such disclosures are common in the financial industry, reflecting portfolio adjustments or strategic investments by large asset managers or financial institutions. A 5.9% stake is a notable position, placing Nomura among the larger shareholders, albeit in a passive capacity as indicated by the filing type.
Related Party Transactions
- Nomura Global Financial Products, Inc. is a wholly owned subsidiary of Nomura Holdings, Inc., and the beneficial ownership is reported jointly by both entities due to this parent-subsidiary relationship.
Stakeholder Impact
- Shareholders of RiverNorth Capital & Income Fund, Inc. may view the significant stake taken by Nomura Holdings Inc. as a vote of confidence, potentially influencing market perception and share price.
- For Nomura Holdings Inc. and its investors, this represents an investment in a publicly traded fund, aligning with their ordinary course of business activities.
Key Dates
| Date | Description |
|---|---|
| 09/30/2025 | Date of event which required the filing of this statement (beneficial ownership exceeding 5%). |
| 11/14/2025 | Date of signing for Nomura Holdings Inc. and Nomura Global Financial Products Inc. |
Keywords
Nomura Holdings, RiverNorth Capital & Income Fund, Beneficial Ownership, Institutional Investment, Common Stock, SEC Filing, Schedule 13G, Financial Products
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