Assets Under Management AUM

RiverNorth Specialty Finance Corporation Announces Final Tender Offer Results

CHICAGO–(COMMERCIAL THREAD) – RiverNorth Specialty Finance Corporation (the “Fund” (NYSE: RSF), a closed-end fund), announced the final results of its tender offer of up to 5%, or 227,380 of its outstanding common shares. The buyback offer expired at 5:00 p.m. Eastern Time on July 7, 2021.

Based on information provided by DST Systems, Inc., the custodian of the tender offer, a total of 2,645,722 shares were repurchased and 227,380 shares were repurchased. In accordance with the terms and conditions of the buyback offer, the number of shares subject to buyback being greater than the number of shares offered for purchase, the Fund will purchase shares from the bidding shareholders on a pro rata basis (excluding fractions of shares). ). The purchase price of the redeemed shares is equal to the net asset value per share of the Fund calculated at the close of regular trading on the New York Stock Exchange (NYSE) on July 7, 2021, which is equivalent to $ 20.11 per share.

The Information Agent for the Tender Offer is DST Systems, Inc. Any questions regarding the Tender Offer may be directed to the Information Agent toll free at 844-569-4750.

About RiverNorth

RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With $ 5.3 billion1 in assets under management as of May 31, 2021, RiverNorth specializes in opportunistic investment strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is an institutional investment manager for registered funds, private funds and separately managed accounts.

See the Prospectus for a more detailed description of the Fund’s risks. Investing involves risks. The main loss is possible.

The profitability of specialized finance companies and other financial firms depends largely on the availability and cost of capital funds, and can fluctuate considerably in response to changes in interest rates, as well as changes in general economic conditions. If the borrower of an alternative loan (as defined below) in which the Fund invests is unable to make its payments on a loan, the Fund may be significantly limited in its ability to collect principal. and unpaid interest under that loan, as (among other reasons) the Fund may not have a direct recourse against the borrower or may otherwise be limited in its ability to directly enforce its rights under the loan, whether this either through the borrower or the platform through which this loan was taken out, the loan may be unsecured or unsecured, and / or it may not be possible to initiate legal proceedings against the borrower failing. Almost all of the Alternative Credit in which the Fund invests will not be guaranteed or insured by a third party. In addition, Alternative Credit Instruments in which the Fund may invest will not be supported by any government authority. Prospective borrowers provide various information regarding the purpose of the loan, income, occupation and employment status (if any) to the lending platforms. In general, the platforms do not verify the majority of this information, which may be incomplete, inaccurate, false or misleading. Potential borrowers may misrepresent the information they provide to the platforms, including their intentions regarding the use of the loan proceeds. Alternative credit instruments are generally not rated by nationally recognized statistical rating organizations (“NRSRO”). These unrated instruments, however, are considered to be of comparable quality to securities falling into one of the rating categories used by these NRSROs to classify junk bonds (i.e. securities that are below grade. investment). Therefore, investments in unrated alternative credit instruments of the Fund constitute highly risky and speculative investments similar to investments in “unwanted” bonds, even if the Fund is not permitted to invest in subprime-grade loans in the country. time of investment. Although the Fund is not permitted to invest in subprime grade loans at the time of investment, an investment in Shares of the Fund should be considered speculative and involving a high degree of risk, including the risk of loss. ‘investment. There can be no assurance that payments due on the Underlying Loans, including the Alternative Credit, will be made.

Diversification does not ensure a profit or a guarantee against loss.

The investment objectives, risks, charges and expenses of the Fund should be carefully considered before investing. The most recent Fund prospectus and periodic reports contain this and other important information about the investment company and can be obtained by visiting or by calling 844.569.4750. Read the Prospectus carefully before investing.

1 The company’s assets under management reflect assets under management, which include assets attributable to leverage and investments in affiliated funds.

Chris Lakumb is a registered representative of ALPS Distributors, Inc. RiverNorth Capital Management; LLC is not affiliated with ALPS Distributors, Inc. or DST Systems, Inc.

Not insured by FDIC | may lose value | No bank guarantee

RiverNorth® is a registered trademark of RiverNorth Capital Management, LLC.

© 2000-2021 RiverNorth Capital Management, LLC. All rights reserved.


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