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RiverNorth Announces Plans to Convert the RiverNorth Core Opportunity Fund to an ETF

1. RNCOX is converting to an ETF, enhancing shareholder benefits. 2. Fund assets were $42 million as of March 31, 2025.

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FAQ

Why Bullish?

Converting to an ETF typically attracts more investors. Historical examples show that funds transforming into ETFs often see price appreciation due to increased liquidity and market interest.

How important is it?

The ETF conversion directly impacts RNCOX's structure and attractiveness to investors, indicating potential price movements. Conversion usually signifies a strategic shift that alters investor perceptions.

Why Short Term?

The immediate interest around the conversion could drive price changes shortly after the announcement. Similar ETF conversions in the past had quick market reactions.

Related Companies

RNCIXSPYVTI
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Capital Management, LLC (“RiverNorth”), an investment manager and closed-end fund expert specializing in opportunistic strategies, has announced plans to convert the RiverNorth Core Opportunity Fund (NASDAQ: RNCOX/RNCIX) (the “Fund”), to an exchange-traded fund (ETF). The Fund had approximately $42 million in assets under management as of March 31, 2025. The proposed conversion to an ETF offers many potential benefits to shareholders, including.

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