RiverNorth Marketplace Lending Corporation (RSF) is a closed-end fund that invests primarily in loans originated by online lending platforms. The fund aims to generate high current income by investing in consumer and small business loans through various online lending platforms. RiverNorth Marketplace Lending Corporation is managed by RiverNorth Capital Management, LLC.
As of February 25, 2023, the market capitalization of RSF is approximately $139.6 million. The fund currently offers a dividend yield of around 8.48% and has a total net assets value of approximately $136.9 million.
Investing in RSF involves risks such as market risk, credit risk, interest rate risk, and liquidity risk. Market risk refers to the possibility of fluctuation in the value of RSF's investments due to changes in the financial markets. Credit risk is the possibility of loss if a borrower fails to repay the loan or if there is a default in the underlying assets.
Interest rate risk refers to the impact of changes in interest rates on the value of fixed income securities held by the fund. Liquidity risk is the possibility of not being able to sell an investment in a timely manner at a reasonable price.
In summary, RSF is a closed-end fund that invests in loans originated by online lending platforms. While the fund offers a high dividend yield, investing in RSF also involves various risks such as market, credit, interest rate, and liquidity risk.
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