Cansortium Completes RIV Capital Acquisition, Adding New York Retail, Wholesale, Cannabis Cultivation Operations
Merger Announcement: Cansortium Inc. (FLUENT) has completed its acquisition of RIV Capital, exchanging shares at a ratio of 1.245 FLUENT shares for each RIV Capital share, resulting in FLUENT shareholders owning approximately 51.25% of the combined entity.
Leadership and Market Position: Robert Beasley has been appointed CEO of the newly formed company, which will continue to operate under the FLUENT name, leveraging its strategic presence in key growth markets, particularly with the launch of MOODS in New York.
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RiverNorth Funds Announce Distribution Schedule for 2026
- Distribution Dates Set: RiverNorth Funds have established distribution dates for April, May, and June 2026, specifically on April 15, May 15, and June 15, pending Board approval, which ensures investors have clarity on future income expectations.
- Tax-Exempt Distributions: Funds such as RMI and RMM are expected to provide distributions exempt from U.S. federal income tax, with RMI estimating that approximately 46.38% of its distribution comes from current year net investment income, indicating a stable income source.
- Capital Return Risks: A portion of distributions may involve return of capital, with RIV estimating that 84.28% of its distribution will be from capital return, which could affect the fund's total assets and increase its expense ratio, necessitating careful investor assessment.
- Reinvestment Plan Benefits: Investors can opt to receive additional shares through the dividend reinvestment plan, allowing them to acquire shares at or near NAV if the fund is trading at a discount, thereby enhancing investment flexibility and potential returns.
RiverNorth Funds Propose 2026 Distribution Rate Adjustments
- Distribution Policy Update: RiverNorth Funds propose a 2026 distribution rate of 12.50% for RIV and 6.75% for RMI, RMM, RFM, RFMZ, and RMMZ, which aims to provide investors with stable cash flow and enhance investment appeal.
- Distribution Dates Set: The distribution dates for January, February, and March 2026 are established as January 30, February 27, and March 31, ensuring timely returns for investors and improving liquidity.
- Tax Implications Explained: A portion of the distributions may involve return of capital, with RIV estimating that 70.89% of its distribution comes from current year net investment income and 29.11% from capital return, impacting investors' tax planning and return expectations.
- Investor Flexibility Options: Investors can choose to receive additional shares through a dividend reinvestment plan or cash distributions, which will help enhance shareholder engagement and market participation.
RiverNorth Opportunities Fund, Inc. Reveals Initial Outcomes of Rights Offering
Offering Results: RiverNorth Opportunities Fund announced preliminary results of its rights offering, receiving subscription requests for 5,906,588 shares, with expected gross proceeds of approximately $70.6 million.
Subscription Price: The final subscription price per share was set at $11.95, based on 92.5% of the Fund's net asset value, which was higher than the initial estimate, resulting in no excess payments to rights holders.
RiverNorth Opportunities Fund announces dividend of $0.1277
Dividend Declaration: RiverNorth Opportunities Fund (RIV) has declared a monthly dividend of $0.1277 per share.
Payment Schedule: The dividend is payable on October 31, November 28, and December 31, with respective record dates of October 15, November 14, and December 15.
RiverNorth Opportunities Fund, Inc. Declares Transferable Rights Offering
Rights Offering Announcement: RiverNorth Opportunities Fund, Inc. has authorized a rights offering for its common stockholders, allowing them to purchase additional shares through transferable subscription rights.
Subscription Details: Record Date Stockholders will receive one Right for each share held, enabling them to buy one new share for every three Rights owned. The subscription price will be based on a formula related to net asset value or market price.
Expiration and Trading: The subscription period will end on October 6, 2025, unless extended, and the Rights will be listed on the NYSE under the ticker RIV.RT.
Investment Risks: Investing in the Fund involves risks, including potential loss of investment, and interested investors are encouraged to read the prospectus supplement and accompanying documents carefully before investing.
RiverNorth Opportunities Fund declares $0.1277 dividend
Dividend Declaration: RiverNorth Opportunities Fund (RIV) has declared a monthly dividend of $0.1277 per share, with a forward yield of 12.44%.
Payment Schedule: The dividends are payable on July 31, August 29, and September 30 for shareholders of record on July 15, August 15, and September 15, respectively.
RiverNorth Funds Announce Distribution Schedule for 2026
- Distribution Dates Set: RiverNorth Funds have established distribution dates for April, May, and June 2026, specifically on April 15, May 15, and June 15, pending Board approval, which ensures investors have clarity on future income expectations.
- Tax-Exempt Distributions: Funds such as RMI and RMM are expected to provide distributions exempt from U.S. federal income tax, with RMI estimating that approximately 46.38% of its distribution comes from current year net investment income, indicating a stable income source.
- Capital Return Risks: A portion of distributions may involve return of capital, with RIV estimating that 84.28% of its distribution will be from capital return, which could affect the fund's total assets and increase its expense ratio, necessitating careful investor assessment.
- Reinvestment Plan Benefits: Investors can opt to receive additional shares through the dividend reinvestment plan, allowing them to acquire shares at or near NAV if the fund is trading at a discount, thereby enhancing investment flexibility and potential returns.
RiverNorth Funds Propose 2026 Distribution Rate Adjustments
- Distribution Policy Update: RiverNorth Funds propose a 2026 distribution rate of 12.50% for RIV and 6.75% for RMI, RMM, RFM, RFMZ, and RMMZ, which aims to provide investors with stable cash flow and enhance investment appeal.
- Distribution Dates Set: The distribution dates for January, February, and March 2026 are established as January 30, February 27, and March 31, ensuring timely returns for investors and improving liquidity.
- Tax Implications Explained: A portion of the distributions may involve return of capital, with RIV estimating that 70.89% of its distribution comes from current year net investment income and 29.11% from capital return, impacting investors' tax planning and return expectations.
- Investor Flexibility Options: Investors can choose to receive additional shares through a dividend reinvestment plan or cash distributions, which will help enhance shareholder engagement and market participation.
RiverNorth Opportunities Fund, Inc. Reveals Initial Outcomes of Rights Offering
Offering Results: RiverNorth Opportunities Fund announced preliminary results of its rights offering, receiving subscription requests for 5,906,588 shares, with expected gross proceeds of approximately $70.6 million.
Subscription Price: The final subscription price per share was set at $11.95, based on 92.5% of the Fund's net asset value, which was higher than the initial estimate, resulting in no excess payments to rights holders.
RiverNorth Opportunities Fund announces dividend of $0.1277
Dividend Declaration: RiverNorth Opportunities Fund (RIV) has declared a monthly dividend of $0.1277 per share.
Payment Schedule: The dividend is payable on October 31, November 28, and December 31, with respective record dates of October 15, November 14, and December 15.
RiverNorth Opportunities Fund, Inc. Declares Transferable Rights Offering
Rights Offering Announcement: RiverNorth Opportunities Fund, Inc. has authorized a rights offering for its common stockholders, allowing them to purchase additional shares through transferable subscription rights.
Subscription Details: Record Date Stockholders will receive one Right for each share held, enabling them to buy one new share for every three Rights owned. The subscription price will be based on a formula related to net asset value or market price.
Expiration and Trading: The subscription period will end on October 6, 2025, unless extended, and the Rights will be listed on the NYSE under the ticker RIV.RT.
Investment Risks: Investing in the Fund involves risks, including potential loss of investment, and interested investors are encouraged to read the prospectus supplement and accompanying documents carefully before investing.
RiverNorth Opportunities Fund declares $0.1277 dividend
Dividend Declaration: RiverNorth Opportunities Fund (RIV) has declared a monthly dividend of $0.1277 per share, with a forward yield of 12.44%.
Payment Schedule: The dividends are payable on July 31, August 29, and September 30 for shareholders of record on July 15, August 15, and September 15, respectively.
