Tagged: rivernorth

RiverNorth Marketplace Lending Announces Preferred Dividend

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 5.875% Series A Term Preferred Stock. The Board of Directors of RiverNorth Marketplace Lending Corporation has declared a Series A… Read More

Marketplace Lending: RiverNorth Nears NYSE Listing for Fund

RiverNorth Marketplace Lending says the final day to purchase their unlisted fund is June 7, 2019. RiverNorth said that their Fund’s shares should trade on the New York Stock Exchange on June 12, 2019 under the ticker symbol RSF, and the NAV tracker is XRSFX,… Read More

RiverNorth Marketplace Lending Announces Preferred Dividend

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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 it has declared a Series A Preferred Stock cash dividend for the second quarter of 2019 of $0.3672 per share of… Read More

RiverNorth Marketing Lending to List on the New York Stock Exchange

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced on Thursday its Board of Directors has approved the listing of the Fund’s shares so that they may be traded in the secondary… Read More

RiverNorth: Executing on Providing Income for Investors in Marketplace Lending Loans

RiverNorth is out with an encouraging note on its fund that invests in marketplace lending platform loans. As of the end of July 2017, RiverNorth’s portfolio consisted of 10,173 loans, with an average loan size of $10,176. The RiverNorth Marketplace Lending (NASDAQ:RMPLX) is designed to provide… Read More

RiverNorth Marketplace Lending Fund Nears Launch

Chicago-based RiverNorth Marketplace Lending Corporation is poised to launch a fund that will be investing in marketplace lending assets under the 40s Act as a non-listed closed end fund. According to a recent filing with the SEC, the fund anticipates that its investments will originate… Read More

RiverNorth Marketplace Lending to Invest in Consumer & SME Loans

RiverNorth Capital Management filed with the SEC to create a new fund labeled RiverNorth Marketplace Lending Corporation. The investment fund will invest in consumer and small business loans originated via marketplace or peer to peer lending platforms.  The fund will invest at least 80% of its… Read More

A Little Filing with Big Implications for Marketplace Lending

On Thursday, June 11, RiverNorth Marketplace Lending Corporation filed an N-2 with the US Securities and Exchange Commission.  RiverNorth is a Chicago-based investment management firm founded in 2000 that specializes in opportunistic investment strategies.   Many of RiverNorth’s investment products are structured as Closed End… Read More

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