RiverNorth Specialty Finance:RSF

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$19.18$20.09-4.54%
    52 Wk Avg$16.34$18.23-10.52%
    52 Wk High$19.70$20.09-4.24%
    52 Wk Low$14.37$17.10-16.81%
    Regular Distribution TypeIncome Only
    Distribution Rate9.53%
    Distribution Amount$0.1523
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The investment seeks a high level of current income. Under normal market conditions, the fund seeks to achieve its investment objective by investing, directly or indirectly, at least 80% of its managed assets in marketplace lending investments. The fund invests substantially all of its managed assets in Marketplace Lending Instruments; however, the fund may invest up to 20% of its managed assets in other income-producing securities of any maturity and credit quality, including below investment grade securities, and equity securities, including exchange-traded funds. The fund is non-diversified.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$144.376M
    Total Common Assets:$91.524M
    Common Shares Outstanding:4,556,363
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $40.559M
    Regulatory Leverage (USD): $40.559M
    Effective Leverage (USD): $40.559M
    Effective Leverage (%): 28.09%
    Annual Expense Ratios

    As of 6/30/2020

      Per Common Share
    Management FeesN/A
    Other Expenses:N/A
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 6.74%
    Fund Management

    Fund Sponsor
    RiverNorth Capital Management, LLC

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: RSF
    NAV Ticker: XRSFX
    Average Daily Volume (shares): 13,845
    Average Daily Volume (USD): $0.233M
    Inception Date: 9/22/2016
    Inception Share Price: $21.42
    Inception NAV:
    Tender Offer: Yes
    Term: No
    Fiscal Year End: June 30
    Third Party Links & Reports

    Distributions

    As of 6/11/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 12/31/2020
    $1.5366
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    9.10%
    Total Return on NAV (12 months):
    As of 6/11/2021
    24.73%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    4.83%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    28.09%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-7.10%
    1 Year-10.52%
    3 Year 
    5 Year 
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month1.53
    6 Month1.25
    1 Year1.55
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD18.81%13.37%10.46%4.01%
    20203.14%0.99%1.13%3.11%
    2019 0.58%21.79%13.91%
    2018 0.63%-5.54%-2.01%
    2017 5.37%9.77%9.23%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2021
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    4.83%
    Number of Holdings:
    As of 3/31/2021
    163
    Annual Portfolio Turnover:
    As of 6/30/2020
    6580.00%
    Average Bond Price:
    As of 3/31/2021
    $93.94
    Asset Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)95.70%
    Bank Loan38.66%
    Cyclical (Super Sector)30.79%
    Financial Services30.77%
    Corporate Bond25.79%
    Preferred Stock19.21%
    Securitized (Super Sector)14.35%
    Asset Backed14.35%
    Convertible12.03%
    Sensitive (Super Sector)0.09%
    State Allocation

    As of 3/31/2021 reported by Fund Sponsor

    State% Portfolio
    Michigan0.00%
    Connecticut0.00%
    Top Holdings

    As of 3/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Oaktree Specialty Lending Corp$7.07M7.67%
    Rn_core_b$6.22M6.75%
    Portman Ridge Finance Corporation 0%$5.49M5.95%
    Apollo Investment Corp. 5.25%$5.40M5.85%
    Rn_core_a$5.02M5.45%
    Rn_core_c$4.59M4.98%
    New Mountain Finance Corporation 5.75%$4.58M4.97%
    XAI OCTAGON FLTNG RAT & ALTR INM TR 0%$4.32M4.69%
    Pennantpark Floating Rate Capital Limited 4.25%$4.05M4.40%
    Rn_main_a$3.57M3.87%
    Maturity Breakdown

    As of 3/31/2021 reported by Fund Sponsor

    Country Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income44.26%
    United States - Equity30.16%
    Hong Kong - Equity0.65%
    Others - Fixed Income0.36%
    United Kingdom - Fixed Income0.22%
    Canada - Fixed Income0.19%
    France - Fixed Income0.17%
    Others - Equity0.09%
    Ireland - Fixed Income0.08%
    Germany - Fixed Income0.07%
    Netherlands - Fixed Income0.06%
    Brazil - Fixed Income0.05%
    China - Fixed Income0.05%
    Israel - Fixed Income0.05%
    Italy - Fixed Income0.04%
    Canada - Equity0.03%
    Denmark - Fixed Income0.03%
    Sweden - Fixed Income0.03%
    Russia - Fixed Income0.02%
    Switzerland - Fixed Income0.02%
    Belgium - Fixed Income0.01%
    Sweden - Equity0.01%
    Mexico - Fixed Income0.01%
    Argentina - Fixed Income0.01%
    Australia - Fixed Income0.01%
    Finland - Fixed Income0.01%
    Spain - Fixed Income0.00%
    Turkey - Fixed Income0.00%
    Norway - Fixed Income0.00%
    Colombia - Fixed Income0.00%
    Singapore - Fixed Income0.00%
    Poland - Fixed Income0.00%
    Indonesia - Fixed Income0.00%
    Taiwan - Fixed Income0.00%
    United Kingdom - Equity0.00%
    Singapore - Equity0.00%
    Austria - Fixed Income0.00%
    Malaysia - Fixed Income0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1014244PR-E1119W