RiverNorth Marketplace Lending Announces Monthly Distribution of $0.18 Per Share

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RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced on Tuesday its monthly distribution of $0.18 per common share for the months of October, November, and December 2019. According to RiverNorth, the distribution is subject to the following ex-distribution, record and payable dates below set by the Fund’s Board of Directors.

“In accordance with the level distribution policy, the annualized distribution 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 $20.71 (as of market close September 27, 2019), the distributions represent an annualized distribution rate of 10.43%.”

The following dates apply to the distributions declared:

Ex Date

Record Date

Payable Date

October 16, 2019

October 17, 2019

October 31, 2019

November 13, 2019

November 14, 2019

November 29, 2019

December 11, 2019

December 12, 2019

December 31, 2019

RiverNorth went on to add:

“Common stockholders have the option of reinvesting these distributions in additional common shares through the Fund’s automatic dividend reinvestment plan. In the event the Fund’s common shares are trading at a discount to the Fund’s NAV, dividends will be acquired through open-market purchases.”

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