RiverNorth Capital and Income Fund, Inc. (XRSFX)
NASDAQ 
Summary
XRSFX Chart
Income-Covered Closed-End Fund Report, November 2025: 3 Non-Leveraged Picks
This report screens closed-end funds (CEFs) with fully covered distributions, highlighting those with attractive discounts, yields, and risk profiles for income-focused investors. TCW Strategic Income (TSI) and Invesco Bond Fund (VBF) stand out as safer, non-leveraged, investment-grade bond CEFs with strong distribution coverage and long track records. RiverNorth Capital and Income Fund (RSF) offers a much higher yield and discount but carries greater credit risk due to its focus on small business loans and Level 3 assets.
RSF: Double-Digit Yielding Diversifier For CEF Portfolios
RSF holds primarily small business loans via Square with no leverage. High management fees are offset by capped expenses; actual sustainable net yield is likely closer to 7.5% due to NAV erosion. Frequent rights and tender offers understate official returns, but active investors can generate significant additional alpha by participating.
RSF: Managed 10% Distribution Yield And Unique Interval Structure
RSF offers a unique portfolio and structure as a publicly listed interval CEF, but persistent NAV erosion and high expenses likely keep most investors away. With the interval structure, the fund repurchases a portion of shares each quarter at NAV, presenting regular occasions to cash in on the discount. The fund may not appear attractive based on a glance at a chart and expenses, but the fund's total returns have been quite competitive relative to other fixed-income instruments.
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RiverNorth Capital and Income Fund, Inc. Profile
| NASDAQ Exchange | US Country |
Overview
RiverNorth Capital & Income Fund, Inc. is an investment entity that was established on June 9, 2015, and has its headquarters in West Palm Beach, Florida. It operates as a non-diversified, closed-end management investment company with a primary focus on achieving a high level of current income for its investors. The company is distinctive for its approach to investment, opting to construct a diversified portfolio by tapping into a variety of consumer, small business, and specialty finance debt assets. These assets are meticulously selected from a range of marketplace lending originators, underlining the firm's strategy to integrate traditional investment methods with innovative financial products.
Products and Services
- Diversified Portfolio Construction
- Consumer Debt Assets
- Small Business Debt Assets
- Specialty Finance Debt Assets
RiverNorth Capital & Income Fund, Inc. specializes in building diversified portfolios aimed at generating high current income. This strategy involves the aggregation of consumer, small business, and specialty finance debt assets from various marketplace lending platforms. The diversity of these assets is key in spreading risk and optimizing returns for investors.
The firm invests in consumer debt assets, which include unsecured loans given to individuals. These can cover a wide range of uses such as debt consolidation, home improvement, and major purchases. By including consumer debt in its portfolio, RiverNorth aims to capitalize on the robust performance of personal lending as an asset class.
The inclusion of small business debt assets reflects RiverNorth’s commitment to supporting the backbone of the economy. These assets consist of loans provided to small businesses for operational and expansion purposes. Investing in small business debt offers the dual benefits of fostering economic growth and achieving potentially higher yields compared to traditional fixed-income investments.
This category encompasses a wide range of unique financing solutions such as invoice financing, merchant cash advances, and equipment financing. Specialty finance debt assets are selected for their potential to offer higher returns and diversification benefits, arising from their less correlated nature with traditional market instruments.
