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RiverNorth Alternatives Fund, Inc. Declares Every month Distributions of $.17 For every Share

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RiverNorth Alternatives Fund, Inc. Declares Every month Distributions of $.17 For every Share
RiverNorth Alternatives Fund, Inc. Declares Every month Distributions of $.17 For every Share

DENVER, Jan. 5, 2021 /PRNewswire/ — RiverNorth Alternatives Fund, Inc. (the “Fund”), which trades on the New York Inventory Exchange less than the image “RIV,” announced the declaration of monthly distributions of $.17 per share, payable on the dates famous underneath. Less than the Fund’s level distribution plan, the distribution price has been reset to an amount equivalent to somewhere around 12.5% (annualized) of the typical of the Fund’s internet asset benefit (“NAV”) for every share, as described for the last five investing days of the 2020 calendar calendar year. Based on the Fund’s recent NAV for each share of $16.19 (as of industry shut December 31, 2020), the distributions depict an annualized distribution rate of 12.60%.  

The pursuing dates implement to the distributions declared:

Ex Day

Report Date

Payable Date&#13

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January 14, 2021

January 15, 2021

January 29, 2021

February 10, 2021

February 11, 2021&#13

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February 26, 2021

March 16, 2021

March 17, 2021

March 31, 2021

Risks&#13

This push launch is not for tax reporting purposes but is currently being presented to announce the quantity of the Fund’s distributions. In early 2022, right after definitive facts is available, the Fund will ship shareholders a Variety 1099-DIV, if relevant, specifying how the distributions compensated by the Fund all through the prior calendar yr should be characterized for functions of reporting the distributions on a shareholder’s tax return (e.g., everyday cash flow, extended-term capital achieve or return of money). An financial commitment in the Fund is not appropriate for all investors and is not intended to be a finish investment decision program. The Fund is designed as a extended-time period investment decision and not as a trading vehicle.

Investing in the Fund will involve threats, like the danger that you may perhaps receive minimal or no return on your expenditure or that you may perhaps drop aspect or even all of your investment. The Fund’s net asset value will range and its distribution level may range and each may be impacted by many aspects, like modifications in the marketplace unfold above a specified benchmark, current market desire charges and efficiency of the broader fairness markets. Fluctuations in net asset value may well be magnified as a outcome of the Fund’s use of leverage. For that reason, just before investing you ought to cautiously consider the pitfalls that you suppose when you make investments in the Fund’s typical shares.

The Fund’s financial investment goals and procedures are not developed to seek to return the preliminary financial commitment to buyers that purchase shares.

A part of the distribution may perhaps be addressed as paid out from resources other than internet cash flow, together with but not constrained to short–term capital attain, long–term cash gain and return of funds. The last perseverance of the source of all distributions, which include the percentage of experienced dividend cash flow, is created right after year–end.

Past effectiveness is no ensure of future benefits.&#13

An investor ought to consider the Fund’s expense goals, risks, expenses and expenses diligently in advance of investing. To receive an once-a-year report or semi-annual report which has this and other data, visit www.rivernorthcef.com or get in touch with 855.830.1222. Be sure to go through them meticulously right before investing.

NOT FDIC INSURED | May possibly Shed Price | No Financial institution Assurance

The Fund is a closed-end fund and does not constantly issue shares for sale as open-conclusion mutual money do. Considering the fact that the initial general public providing, the Fund now trades in the secondary market place. Buyers wishing to buy or offer shares need to spot orders through an middleman or broker. The share price tag of a closed-close fund is based mostly on the market’s benefit.

ALPS Advisors, Inc. is the investment adviser to the Fund.

RiverNorth Funds Management, LLC is the investment sub-adviser to the Fund. RiverNorth Cash Administration, LLC is not affiliated with ALPS Advisors, Inc. or any of its affiliates.&#13

ALPS Portfolio Options Distributor, Inc. is the FINRA Member company.

About SS&C Systems

SS&C is a worldwide provider of products and services and program for the fiscal expert services and healthcare industries. Established in 1986, SS&C is headquartered in Windsor, Connecticut, and has places of work all around the earth. Some 18,000 money solutions and healthcare companies, from the world’s premier organizations to modest and mid-market place firms, depend on SS&C for expertise, scale, and technological innovation. Further information about SS&C (Nasdaq: SSNC) is accessible at www.ssctech.com.  

About SS&C ALPS Advisors

SS&C ALPS Advisors, Inc., a wholly-owned subsidiary of SS&C Systems, Inc., is a top provider of investment products and solutions for advisors and institutions. Headquartered in Denver, CO with around $12 billion beneath management as of September 30, 2020, ALPS Advisors is an open architecture boutique financial investment supervisor presenting portfolio building blocks, lively insight, and an unwavering travel to guideline customers to financial commitment outcomes across sustainable revenue, thematic and different expansion strategies. For much more facts, stop by www.alpsfunds.com. &#13

RiverNorth Money Management, LLC

RiverNorth is an expenditure management firm launched in 2000 that specializes in opportunistic approaches in niche marketplaces wherever the opportunity to exploit inefficiencies is finest. RiverNorth is the manager to a number of registered and private money.

 

 

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Source RiverNorth Chances Fund, Inc

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