RiverNorth Specialty Finance Corporation* Announces Final Results of Tender Offer

CHICAGO–(BUSINESS WIRE)–RiverNorth Specialty Finance Corporation (the “Fund”) (NYSE: RSF), a closed-end fund, announced the final results of its offer to buy back up to 5%, or 258,135 of its outstanding common shares . The buyout offer expired at 5:00 p.m. Eastern Time on January 6, 2021.

Based on information provided by DST Systems, Inc., the tender offer depositary, a total of 4,200,443 shares were tendered and 258,135 shares were repurchased. In accordance with the terms and conditions of the public repurchase offer, the number of shares presented for repurchase being greater than the number of shares offered for purchase, the Fund will repurchase the shares of the shareholders offering on a pro rata basis (without taking into account fractions ). The purchase price of the shares redeemed 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 January 6, 2021, which is equal to $18.33 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.

*Formerly known as RiverNorth Marketplace Lending Corporation.

About RiverNorth

RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With $4.3 billion1 of assets under management as of November 30, 2020, RiverNorth specializes in opportunistic investment strategies in niche markets where the potential for exploiting 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 risk. Main loss is possible.

The profitability of specialized finance companies and other financial companies is largely dependent on the availability and cost of capital funds, and can fluctuate significantly in response to changes in interest rates, as well as changes in economic conditions. If the borrower of the alternative credit (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 on such loan, as (among other reasons) the Fund may have no direct recourse against the borrower or may otherwise be limited in its ability to directly enforce its rights under the loan, whether through the borrower or the platform through which this loan was issued, the loan may be unsecured or undersecured, and/or it may be impractical to initiate legal proceedings. re against the defaulting borrower. Substantially all of the alternative credit in which the Fund invests will not be guaranteed or insured by a third party. In addition, the Alternative Credit Instruments in which the Fund may invest will not be endorsed by any governmental authority. Prospective borrowers provide a variety of information regarding loan purpose, income, occupation, and employment status (if applicable) to 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 any information they provide to platforms, including their intentions regarding the use of loan proceeds. Alternative Credit Instruments are generally not rated by Nationally Recognized Statistical Rating Organizations (“NRSRO”). However, these unrated instruments 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 below the investment grade). Accordingly, the Fund’s investments in unrated alternative credit instruments constitute highly risky and speculative investments similar to investments in junk bonds, although the Fund is not permitted to invest in loans that are investment grade. subprime at the 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 involves a high degree of risk, including the risk of loss of ‘investment. There can be no assurance that payments due on the underlying loans, including alternative credit, will be made.

Diversification does not assure profit or guarantee against loss.

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

1 The firm’s AUM reflects 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 FDIC Insured | 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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