RiverNorth Capital and Income Fund, Inc. to Repurchase Its Outstanding 5.875% Series A Term Preferred Stock

The Board of Directors of RiverNorth Capital and Income Fund, Inc. (the “Fund”) (NYSE: RSF) has authorized the redemption of all 1,656,000 outstanding shares of its 5.875% Series A Term Preferred Stock (the “Series A Preferred Stock”) (NYSE: RMPL).

The expected redemption date is October 4, 2024 (the “Redemption Date”), but redemption may be effected at a later date, no later than the mandatory redemption date of October 31, 2024, due to changes in market conditions or otherwise as determined by the Fund. The redemption price of the Series A Preferred Stock is estimated to be $25.20 per share of Series A Preferred Stock, which is equal to the liquidation preference of $25.00 per share plus $0.20 per share, representing the estimated accrued and unpaid dividends to the redemption date. Upon redemption, the Series A Preferred Stock will no longer be considered outstanding, dividends will no longer accrue, and all rights of the holders of the Series A Preferred Stock with respect to the Series A Preferred Stock will lapse. The Fund has filed a notice of its intention to redeem the Series A Preferred Stock with the Securities and Exchange Commission.