RiverNorth Specialty Finance:RSF

    Manage Alerts

    Overview

    As of 12/1/2022

     Share
    Price
    NAVPremium/
    Discount
    Current$17.31$17.53-1.25%
    52 Wk Avg$18.46$18.60-0.71%
    52 Wk High$20.04$20.143.79%
    52 Wk Low$16.73$17.23-7.10%
    Regular Distribution TypeIncome Only
    Distribution Rate11.52%
    Distribution Amount$0.1662
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks to achieve its investment objective by investing in credit instruments, including a portfolio of securities of specialty finance and other Financial companies that the Fund's Advisor, RiverNorth Capital Management, LLC believes offer attractive opportunities for income. The Fund may invest in income-producing securities of any maturity and credit quality, including below investment grade, and equity securities, including exchange traded funds and registered closed-end funds. Under normal market conditions, investing at least 80% of its Managed Assets in marketplace lending investments.

    Capital Structure

    As of 12/1/2022

    Total Investment Exposure:$105.830M
    Total Common Assets:$58.569M
    Common Shares Outstanding:3,712,041
    Leverage

    As of 12/1/2022

    Preferred Share Assets:
    Total Debt (USD): $40.758M
    Regulatory Leverage (USD): $40.758M
    Effective Leverage (USD): $40.758M
    Effective Leverage (%): 38.51%
    Annual Expense Ratios

    As of 6/30/2022

      Per Common Share
    Management Fees1.97%
    Other Expenses:5.72%
    Baseline Expense: N/A
    Interest Expense:0.04%
    Total: 7.72%
    Fund Management

    Fund Sponsor
    RiverNorth Capital Management, LLC

    Portfolio Managers
    Patrick W. Galley, Janae Stanton, Andrew Kerai

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: RSF
    NAV Ticker: XRSFX
    Average Daily Volume (shares): 11,523
    Average Daily Volume (USD): $0.215M
    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 12/1/2022

    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 6/30/2022
    $0.3492
    Annualized Distribution Rate on NAV:
    As of 12/1/2022
    11.38%
    Total Return on NAV (12 months):
    As of 12/1/2022
    -3.30%
    Total % Portfolio Effectively Leveraged:
    As of 12/1/2022
    38.51%

    Pricing Information

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

    As of 12/2/2022

    PeriodAvg Discount
    6 Month-0.08%
    1 Year-0.71%
    3 Year-6.33%
    5 Year 
    Z-Score

    As of 12/1/2022

    PeriodZStat
    3 Month-0.88
    6 Month-0.97
    1 Year-0.38
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 11/30/2022
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD0.01%-2.93%-12.02%-9.67%
    202127.61%19.71%18.38%9.49%
    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 11/30/2022
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 6/30/2022
    253
    Annual Portfolio Turnover:
    As of 6/30/2022
    130.00%
    Average Bond Price:
    As of 6/30/2022
    $94.86
    Asset Allocation

    As of 6/30/2022

    Top Sectors

    As of 6/30/2022

    Sector%Portfolio
    Corporate (Super Sector)127.29%
    Bank Loan78.09%
    Corporate Bond26.31%
    Cyclical (Super Sector)24.46%
    Financial Services24.43%
    Preferred Stock16.13%
    Convertible6.77%
    Securitized (Super Sector)0.90%
    Asset Backed0.50%
    Government (Super Sector)0.32%
    State Allocation

    As of 6/30/2022

    State% Portfolio
    Puerto Rico0.01%
    DC0.00%
    West Virginia0.00%
    Top Holdings

    As of 6/30/2022

    HoldingValue% Portfolio
    Square$15.20M22.74%
    Square$15.20M22.74%
    Square$15.20M22.74%
    Square$15.20M22.74%
    Square$15.20M22.74%
    New Mountain Finance Corporation 5.75%$4.38M6.54%
    XAI Octagon FR & Alt Income Term Trust 6.50% PRF REDEEM 31/03/2026 USD 25$4.36M6.52%
    First Eagle Alternative Capital Bdc Inc 0%$3.69M5.52%
    MidCap Financial Investment Corp 5.25%$3.57M5.33%
    Pennantpark Floating Rate Capital Limited 4.25%$3.39M5.07%
    Credit Quality

    As of 6/30/2022

    Maturity Breakdown

    As of 6/30/2022

    Country Allocation

    As of 6/30/2022

    Country% Portfolio
    United States - Fixed Income26.79%
    United States - Equity21.74%
    Hong Kong - Equity1.75%
    United Kingdom - Equity0.54%
    China - Equity0.45%
    Others - Fixed Income0.34%
    United Kingdom - Fixed Income0.22%
    Canada - Fixed Income0.19%
    Ireland - Equity0.18%
    Others - Equity0.14%
    France - Fixed Income0.13%
    Netherlands - Fixed Income0.07%
    Ireland - Fixed Income0.06%
    Mexico - Fixed Income0.05%
    Spain - Fixed Income0.04%
    South Africa - Fixed Income0.04%
    Italy - Fixed Income0.04%
    Brazil - Fixed Income0.04%
    Sweden - Fixed Income0.04%
    Germany - Fixed Income0.03%
    Switzerland - Fixed Income0.02%
    China - Fixed Income0.02%
    Finland - Fixed Income0.01%
    Norway - Fixed Income0.01%
    Argentina - Fixed Income0.01%
    Singapore - Fixed Income0.01%
    Australia - Fixed Income0.01%
    Japan - Fixed Income0.01%
    Peru - Fixed Income0.01%
    Belgium - Fixed Income0.01%
    Canada - Equity0.00%
    Israel - Fixed Income0.00%
    India - Fixed Income0.00%
    Russia - Fixed Income0.00%
    Greece - Fixed Income0.00%
    Switzerland - Equity0.00%
    Colombia - Fixed Income0.00%
    Turkey - Fixed Income0.00%
    Mexico - Equity0.00%
    Hong Kong - Fixed Income0.00%
    Spain - Equity0.00%

    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-2036301PR-E0222X