\nRiverNorth Capital Management, LLC (\u201cRiverNorth\u201d), an investment manager and closed-end fund expert specializing in opportunistic strategies, announced that the RiverNorth\/Oaktree High Income Fund (NASDAQ: RNHIX) (the \u201cFund\u201d) won the 2025 LSEG Lipper Fund Award for Best General Bond Fund for the five-year period ended November 30, 2024.\n<\/p>\n
\nThe LSEG Lipper Fund Awards honor funds that have excelled in providing consistently strong risk-adjusted performance relative to similar funds, based on Lipper’s quantitative, proprietary methodology. RNHIX was selected for the five-year award over nineteen other eligible funds in its category.\n<\/p>\n
\n“We are honored that LSEG Lipper has recognized our RiverNorth\/Oaktree High Income Fund for this prestigious award,\u201d said Patrick Galley, Chief Executive Officer and Chief Investment Officer at RiverNorth. “The award is a testament to the collective efforts of both the Oaktree and RiverNorth investment teams. The Fund offers a distinctive fixed-income strategy that combines Oaktree\u2019s senior loan and high yield bond expertise alongside RiverNorth\u2019s deep experience in opportunistically investing in closed-end funds. Together we share an unwavering commitment to deliver competitive risk-adjusted returns to our investors.\u201d\n<\/p>\n
\nRNHIX is a mutual fund that seeks to provide investors with overall total return consisting of long-term capital appreciation and income. The Fund offers investors access to Oaktree Fund Advisers, LLC, one of the world\u2019s top credit managers, while also providing an additional source of income and potential capital appreciation by overlaying opportunistic exposure to closed-end funds, business development companies, and investment company debt.\n<\/p>\n
\nFor more information on RiverNorth please visit us at www.rivernorth.com<\/a>.\n<\/p>\n About RiverNorth<\/b><\/p>\n \nRiverNorth Capital Management, LLC is an independent investment manager and closed-end fund expert specializing in opportunistic strategies and structures built to exploit market inefficiencies. Founded in 2000, RiverNorth manages $5.1 billion1 <\/sup>of assets in registered funds, private funds, and separately managed accounts.\n<\/p>\n About LSEG Lipper Fund Awards<\/b><\/p>\n \nThe LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by LSEG Lipper. \u00a92025 London Stock Exchange Group plc. All rights reserved.\n<\/p>\n 1<\/sup>As of January 31, 2025. Firm AUM reflects Managed Assets which includes the effects of leverage and investments in affiliated funds.\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nInvesting involves risk, including the possible loss of principal. Diversification does not ensure a profit or guarantee against loss. Past performance is not a guarantee of future results.\n<\/p>\n Fund Risks:<\/b> Borrowing Risk \u2013 borrowings increase fund expenses and are subject to repayment, possibly at inopportune times. Closed-End Fund Risk \u2013 closed-end funds are exchange traded, may trade at a discount to their net asset values and may deploy leverage. Convertible Security Risk \u2013 the market value of convertible securities adjusts with interest rates and the value of the underlying stock. Credit Derivatives Risk \u2013 the use of credit derivatives is highly specialized, involves default, counterparty and liquidity risks and may not perfectly correlate to the underlying asset or liability being hedged. Currency Risk \u2013 foreign currencies will rise or decline relative to the U.S. dollar. Derivatives Risk \u2013 derivatives are subject to counterparty risk. Distressed and Defaulted Securities Risk \u2013 defaulted securities carry the risk of uncertainty of repayment. Equity Risk \u2013 equity securities may experience volatility, and the value of equity securities may move in opposite directions from each other and from other equity markets generally. Exchange Traded Note Risk \u2013 exchange traded notes represent unsecured debt of the issuer and may be influenced by interest rates, credit ratings of the issuer or changes in value of the reference index. Fixed Income Risk \u2013 the market value of fixed income securities adjusts with interest rates and the securities are subject to issuer default. Foreign\/Emerging Market Risk \u2013 foreign securities may be subject to inefficient or volatile markets, different regulatory regimes, or different tax policies. These risks may be enhanced in emerging markets. Floating Interest Rate Risk \u2013 loans pay interest based on the London Interbank Offered Rate (LIBOR) and a decline in LIBOR could negatively impact the Fund\u2019s return. Investment Style Risk \u2013 investment strategies may come in and out of favor with investors and may underperform or outperform at times. Large Shareholder Purchase and Redemption Risk \u2013 The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Liquidity Risk \u2013 illiquid investments may be difficult or impossible to sell. Loans Risk \u2013 loans may be unrated or rated below investment grade and the pledged collateral may lose value. Secondary trading in loans is not fully developed and may result in illiquidity. Management Risk \u2013 there is no guarantee that the adviser\u2019s or sub-adviser\u2019s investment decisions will produce the desired results. Market Risk \u2013 economic conditions, interest rates and political events may affect the securities markets. Preferred Stock Risk \u2013 preferred stocks generally pay dividends, but may be less liquid than common stocks, have less priority than debt instruments and may be subject to redemption by the issuer. Security Risk \u2013 the value of the Fund may increase or decrease in response to the prospects of the issuers of securities and loans held in the Fund. Swap Risk \u2013 swap agreements are subject to counterparty default risk and may not perform as intended. Tax Risk \u2013 new federal or state governmental action could adversely affect the tax-exempt status of securities held by the Fund, resulting in higher tax liability for shareholders and potentially hurting Fund performance as well. Underlying Fund Risk \u2013 underlying funds have additional fees, may utilize leverage, may not correlate to an intended index, and may trade at a discount to their net asset values. Valuation Risk \u2013 Loans and fixed-income securities are traded \u201cover the counter\u201d and because there is no centralized information regarding trading, the valuation of loans and fixed-income securities may vary.\n<\/p>\n Investors should consider the investment objective, management fees, risks, charges, and expenses of the Fund carefully before investing. The Prospectus contains this and other information about the Fund. For a current Prospectus, call toll-free (888) 848-7569 or go to rivernorth.com. Please read the Prospectus carefully before you invest.<\/i><\/b><\/p>\n \nRNHIX is distributed by ALPS Distributors Inc., FINRA Member firm. RiverNorth is not affiliated with ALPS. View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250314833849\/en\/<\/a><\/span><\/p>\n \nRiverNorth Mutual Fund Investor Relations KEYWORDS:<\/b> United States North America Florida<\/p>\n INDUSTRY KEYWORDS:<\/b> Other Professional Services Asset Management Professional Services Finance<\/p>\n\n
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\u00a92000-2025 RiverNorth Capital Management, LLC. All rights reserved.
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