RiverNorth Marketplace Lending Corporation (the "Fund") announced that as part of a restructuring intended to broaden the Fund’s investment mandate, the Board of Directors of the Fund (the "Board") has approved changes to the Fund’s principal investment strategy and name.
RiverNorth Marketplace Lending Corporation (the "Fund") (NYSE: RSF) announced the final results of its repurchase offer for up to 5%, or 306,639 of its outstanding common shares. The repurchase offer expired at 5:00 P.M. Eastern Time on April 8, 2020.
RiverNorth Marketplace Lending Corporation (the "Fund") (NYSE: RSF) announced the declaration of monthly distributions of $0.18 per common share for the months of April, May and June 2020, payable on the dates noted below. In accordance with the level distribution policy, the rate has been set equal to 10% of the Fund’s common shares’ net asset value (NAV) as of the last business day of the Fund’s fiscal year, June 28, 2019, $21.45. Based on the Fund’s current NAV per share of $18.88 (as of market close March 31, 2020), the distributions represent an annualized distribution rate of 11.44%. Based on the Fund’s current market price per share of $16.16 the annualized market price distribution rate is 13.37%.