|Bid||1.4800 x 1000|
|Ask||1.5100 x 1400|
|Day's Range||1.4800 - 1.5000|
|52 Week Range||1.3500 - 1.9900|
|Beta (3Y Monthly)||0.07|
|PE Ratio (TTM)||3.49|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The RENN Fund, Inc. (NYSE MKT: RCG) (the “Fund”) announced today the results of its non-transferable rights offering to shareholders of record, which closed to subscriptions on February 8, 2019. Horizon Asset Management LLC (“Horizon”), the investment manager to the Fund, previously agreed to pay for all fees and expenses in connection with the Offering so the total net proceeds to the Fund will be the same. Furthermore, since the offering was over-subscribed, no shares will be purchased in connection with the backstop agreement between Horizon and the Fund.
The Board of Directors of the RENN Fund, Inc. (NYSE MKT:RCG) (the “Fund”) announced today it has approved a non-transferable rights offering (the “Offering”) to holders of its common shares of record at the close of business on December 28, 2018 (the “Record Date”). The Offering will only be made by a prospectus, and this announcement does not constitute an offer to sell any of the Fund’s securities. Each shareholder will receive one non-transferable right for every share owned of the Fund held on the Record Date, and the number of rights will be rounded up to the nearest whole number evenly divisible by 3.