RiverNorth Capital Management, LLC (“RiverNorth”), an independent investment manager and closed-end fund expert, today announced plans to launch the RiverNorth Prime Unicorn Funds which will provide — for the first time, through two distinct closed-end funds — long or short exposure to 30 of the largest, privately held U.S. companies, which may include OpenAI and Anthropic. The RiverNorth Prime Unicorn Funds consist of the RiverNorth Long Prime Unicorn Fund I, Inc. (the “Long Fund,” ticker: UNIU) and the RiverNorth Short Prime Unicorn Fund I, Inc. (the “Short Fund,” ticker: UNID) (each, a “Fund” and together the “Funds”). RiverNorth will serve as investment adviser to the Funds. Each Fund is being offered at a price of $20 per share, and each Fund has a minimum investment of 100 shares. The Funds are expected to make their initial share offering and start trading on the New York Stock Exchange in late July. Lucid Capital Markets is acting as Lead Bookrunner for the transaction.
RiverNorth Short Prime Unicorn Fund I, Inc.
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