SCHEDULE: Sit Investment Associates Reports 4.9% Stake in RiverNorth Fund
Beneficial Ownership Report (Schedule 13G)
Sit Investment Associates and its subsidiary have disclosed a 4.9% beneficial ownership in RiverNorth Capital & Income Fund, Inc. through a Schedule 13G filing.
Summary
- Sit Investment Associates, Inc. and its subsidiary, Sit Fixed Income Advisors II, LLC, have reported beneficial ownership of 199,197 shares of Common Stock in RiverNorth Capital & Income Fund, Inc.
- This aggregate amount represents 4.9% of the issuer's class of securities.
- The ownership percentages are calculated based on 4,039,779 shares of common stock outstanding as of June 30, 2025, adjusted for shares issued in a rights offering on July 7, 2025, and shares repurchased by the Issuer on July 7, 2025, and October 1, 2025.
- Both reporting persons are registered investment advisers and hold these securities in client accounts, disclaiming beneficial ownership under Rule 13d-4 of the Securities Exchange Act of 1934.
- The securities 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.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine beneficial ownership disclosure by an investment adviser, not indicating any specific positive or negative operational or financial news.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by investment advisers, Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC, indicating their aggregate holdings in RiverNorth Capital & Income Fund, Inc. It reflects their role in managing client accounts and is a standard transparency requirement for significant ownership stakes, particularly those approaching the 5% threshold for Schedule 13G reporting.
Related Party Transactions
- Sit Fixed Income Advisors II, LLC is a subsidiary of Sit Investment Associates, Inc., and both entities are reporting persons, indicating an internal group relationship for beneficial ownership reporting.
Stakeholder Impact
- Shareholders of RiverNorth Capital & Income Fund, Inc. are informed of a significant institutional holding, providing transparency regarding the fund's investor base.
Key Dates
| Date | Description |
|---|---|
| 2025-06-30 | Date for shares outstanding basis (4,039,779 shares). |
| 2025-07-07 | Shares issued in rights offering and shares repurchased by the Issuer. |
| 2025-10-01 | Shares repurchased by the Issuer. |
| 2025-10-31 | Date of event which required the filing of this statement. |
| 2025-11-03 | Filing date of the Schedule 13G. |
Keywords
RiverNorth Capital & Income Fund, Sit Investment Associates, Sit Fixed Income Advisors II, Schedule 13G, beneficial ownership, common stock, investment adviser, SEC filing, closed-end fund
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