RENN Fund Inc RCG

Financial Services Asset Management

RENN Fund, Inc. (the Fund) is a registered, non-diversified, closed-end management investment company. The investment objective of the Fund is to provide shareholders with above-market rates of return through capital appreciation and income by investment process that invests in a variety of financial instruments, including common stocks, fixed income and other instruments. In addition, the Fund may sell short stocks, exchange traded funds and exchange traded notes. It invests in various sectors, including aerospace and defense; communication services; marine shipping; metal mining; medicinal chemicals and botanical products; oil and gas; other financial investment activities; real estate; securities and commodity exchanges; technology services; surgical and medical instruments and apparatus, and securities, commodity contracts and other financial investments and related activities. Horizon Kinetics Asset Management LLC is the investment advisor of the Fund.

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RENN Fund Inc > Assets under administrtion rises by 2.1 billion

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Comment by SamRothsteinon Jan 13, 2021 6:43pm

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Post# 32288271

RE:Assets under administrtion rises by 2.1 billion

I'l be happy if they hit $2 :)

astutein wrote:
At time of issue rcg was valued conservatively at $ 2,42,

Since time of issue assets under administration has gone up from 28.2 billion to 30.3 billion as reported monthly by company. 2.1 billion increase in 3 months or 7.4%.

Stock way undervalued at $ 1.73 and should be on way to2.42 shortly?