SCHEDULE: Osaic Holdings Discloses 9.4% Stake in RiverNorth Fund

Osaic Holdings, Inc. has reported a beneficial ownership of 399,802 shares, representing 9.4% of the common stock in RiverNorth Capital & Income Fund, Inc., as of June 30, 2025.

Summary

• Osaic Holdings, Inc. has filed a Schedule 13G, indicating its beneficial ownership of RiverNorth Capital & Income Fund, Inc. common stock.
• The filing, an amendment to a previous filing, shows Osaic Holdings beneficially owns 399,802 shares.
• This ownership stake represents 9.4% of the total class of securities.
• The reporting date for this information is June 30, 2025.
• Shawn Mihal, Chief Compliance Officer of Osaic Holdings, Inc., certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral; it's a standard disclosure of a significant passive investment without immediate positive or negative implications for the issuer's operations or financial health.

Positives

• Osaic Holdings, Inc. has a significant stake (9.4%) in RiverNorth Capital & Income Fund, Inc., suggesting confidence in the fund's performance or strategy.
• The filing indicates the shares were acquired and are held in the ordinary course of business, implying a standard investment approach rather than a hostile takeover attempt.

Negatives

• The filing does not provide specific details on the acquisition cost or the rationale behind the investment, limiting a full financial assessment.

Risks

• While Osaic Holdings certifies the shares are not held for influencing control, any significant shift in their investment strategy could impact RiverNorth Capital & Income Fund, Inc.'s stock price or governance.
• The concentration of 9.4% ownership by a single entity could lead to increased volatility if Osaic Holdings decides to divest a substantial portion of its holdings.

Future Outlook

The filing itself is a historical disclosure of ownership as of June 30, 2025, and does not contain forward-looking statements or guidance from RiverNorth Capital & Income Fund, Inc. Osaic Holdings, Inc. certifies that its acquisition and holding of the securities are in the ordinary course of business and not for the purpose of influencing control.

Management Comments

• Shawn Mihal, Chief Compliance Officer of Osaic Holdings, Inc., certified that, to the best of his knowledge and belief, the securities 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.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes in publicly traded companies. Osaic Holdings' disclosure of a 9.4% stake in RiverNorth Capital & Income Fund, Inc. positions them as a notable shareholder, potentially influencing future corporate actions or strategic decisions of the fund.

Stakeholder Impact

• Shareholders of RiverNorth Capital & Income Fund, Inc.: The disclosure of a significant 9.4% stake by Osaic Holdings, Inc. may be viewed positively by some shareholders as it indicates institutional interest. However, it also means a large portion of the fund is held by a single entity, which could influence market dynamics if Osaic Holdings were to change its position.
• Management of RiverNorth Capital & Income Fund, Inc.: Management will be aware of Osaic Holdings' substantial ownership and may consider their perspective in strategic decisions, although Osaic Holdings has certified its passive intent.

Next Steps

• Osaic Holdings, Inc. will continue to hold its shares in RiverNorth Capital & Income Fund, Inc. in the ordinary course of business.
• Future filings may be required if Osaic Holdings' ownership stake changes significantly or if their investment intent shifts from passive to active.

Key Dates

Keywords

Schedule 13G, Osaic Holdings, RiverNorth Capital & Income Fund, Beneficial Ownership, SEC Filing, Investment, Common Stock, Shawn Mihal