In accordance with the level distribution policy of the RiverNorth Capital and Income Fund, Inc. (the "Fund"), the reset distribution rate has been proposed for the 2026 calendar year. The Fund is pleased to announce its distribution rate has increased from 10.00% to 10.75%. In addition, the Fund has established distribution dates for January, February, and March 2026. Payment of the distributions are subject to Board approval.

Ex Date	Record Date	Payable Date
1/15/2026	1/15/2026	1/30/2026
2/13/2026	2/13/2026	2/27/2026
3/16/2026	3/16/2026	3/31/2026

RiverNorth Capital and Income Fund, Inc.

Ticker	Distribution Per Share¹	Net Asset Value (NAV) as of 12/31/2025	Annualized Current Distribution Rate at NAV	Market Price as of 12/31/2025	Annualized Current Distribution Rate at Market	Inception to Date Cumulative Distributions^
RSF	$0.1371	$15.30	10.75%	$14.36	11.46%	$17.80
^As of 12/31/25. The inception date for RSF is 9/22/2016.

Investment Strategy Highlights

The Fund's investment objective is to seek a high level of current income. To pursue this objective, the Fund targets alternative income opportunities that can be difficult for investors to access.
At the center of the strategy is a distinctive allocation to hard-to-access private credit assets, primarily small business whole loans originated by Square Capital. These loans offer short duration and strong cash flow profiles—characteristics that may be viewed as compelling in today's uncertain interest rate and credit environment.
Building on the private credit foundation, the Fund also invests opportunistically in investment company debt, credit-focused closed-end funds, and business development companies.
Together, these less correlated, "off-the-run" asset classes have been significant contributors to the Fund's attractive long-term net asset value performance (7.15% annualized over the past 5 years compared to -0.31% for the Bloomberg US Aggregate Bond Index.)²
Additionally, to provide shareholders with a degree of liquidity, the Fund conducts a quarterly repurchase offer for up to 5% of its outstanding common shares at a price equal to net asset value.

Level Distribution Policy

The Fund maintains a level distribution policy with the intention of providing monthly distributions to shareholders at a constant and fixed (but not guaranteed) rate that is reset annually. Although there can be no guarantee that the distribution policy will be successful in its goals, shareholders may potentially benefit from both increased liquidity and flexibility in managing their Fund investments. The Fund's ability to maintain a stable level of distributions to shareholders will depend on a number of factors, including changes in the financial market, market interest rates, and performance of overall equity and fixed income markets. As portfolio and market conditions change, the ability of the Fund to continue to make distributions in accordance with the level distribution policy may be affected.

Holders of the Fund's common stock will receive the distribution under one of two options:

1. Receive additional full and fractional shares of the Fund's common stock through its dividend reinvestment plan

or,

2. Elect to receive cash for the distribution.

Shareholders may consider the dividend reinvestment plan as a convenient way to add to their Fund holdings along with other potential benefits. For example, if the Fund is trading at a discount to NAV, the investor generally receives shares acquired on the secondary market at/near that discount to NAV. In the case where the Fund is trading at a premium to NAV, the investor will typically receive newly issued shares by the Fund at NAV.

For further information, shareholders should carefully read the description of the dividend reinvestment plan in the Fund's prospectus and/or annual report. Contact your broker-dealer to confirm your distribution election.

With each distribution that does not consist solely of net investment income, the Fund will issue a notice to shareholders and an accompanying press release that will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes. This information is posted to the Closed-End Funds section of www.rivernorth.com. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during its full fiscal year and may be subject to changes based on tax regulations. The Fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes.

The Fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital. A return of capital occurs when some or all of the money that shareholders invested in a Fund is paid back to them. A return of capital does not necessarily reflect a Fund's investment performance and should not be confused with ‘yield' or ‘income.' Any such returns of capital will decrease the Fund's total assets and, therefore, could have the effect of increasing the Fund's expense ratio. In addition, in order to make the level of distributions called for under its plan, a Fund may have to sell its portfolio securities at a less than opportune time.

About RiverNorth

RiverNorth 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 billion³ of assets in registered funds, private funds and separately managed accounts.

¹		In accordance with its level distribution policy, the Fund's annual distribution rate has been set equal to 10.75% of the average of the Fund's NAV per common share reported on the final five trading days of the preceding calendar year. As of December 31, 2025, the Fund estimates that 100.00% of the distribution is attributable to current year's net investment income.
²		Data as of 11/30/25. The Bloomberg US Aggregate Bond Index is an unmanaged index of investment-grade fixed-rate debt issues with maturities of at least one year. The index cannot be invested in directly and does not reflect fees and expenses.

Annualized standardized performance as of 9/30/25:

	RSF NAV	RSF Market Price	Bloomberg US Aggregate Bond Index
1 Year	3.27%	6.58%	2.88%
5 Year	8.10%	11.03%	-0.45%
Since Inception	4.61%	4.59%	1.48%

Performance data quoted represents past performance, which is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares may be worth more or less than their original cost. You can obtain performance data current to the most recent month end by calling 844.569.4750. Total return measures net investment income and capital gain or loss from portfolio investments. All performance shown assumes reinvestment of dividends and capital gains distributions.

The Fund began trading on the NYSE effective June 12, 2019, under the ticker symbol RSF. Formerly the Fund was known as RMPLX and was purchased directly. The performance data above reflects shares of the Fund when it was known as RMPLX. Longer dated market price returns are a blend of the NAV return until June 11th, 2019, combined with the market price return thereafter.

As of November 30, 2025. Firm AUM reflects Managed Assets which includes the effects of leverage and investments in affiliated funds.

An investment in the Fund involves risk, including loss of principal.

Investors should consider the Fund's investment objective, risks, charges and expenses carefully before investing. The Fund's prospectus and most recent periodic reports contain this and other important information about the Fund and may be obtained by visiting rivernorth.com/literature or by calling your financial professional or RiverNorth at 844.569.4750.

Member Firm ALPS Distributors Inc. Marketing services provided by ALPS Distributors Inc.

RiverNorth Capital Management, LLC is not affiliated with ALPS Distributors, Inc.

Not FDIC Insured | May Lose Value | No Bank Guarantee

RiverNorth® is a registered trademark of RiverNorth Capital Management, LLC.

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RiverNorth CEF Investor Relations

800-646-0148, Option 1

CEF@rivernorth.com

RiverNorth Capital and Income Fund, Inc. Increases Distribution Rate — Declares Monthly Distributions