Etude Capital Intends to Engage in Discussions with RENN Fund
March 14, 2016 at 12:52 pm EDT
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On March 14, 2016, Etude Capital LLC announced that on February 5, 2016 it has met with the Chief Executive Officer of RENN Fund, Inc. Etude Capital stated that communications in various capacities have been ongoing with the CEO of the Company since that date. Further, Etude Capital stated that it intends to continue engaging in a dialogue with members of the Board or management of the Company or other representatives of the Company. Etude Capital continued that it may also engage in a dialogue and other communications regarding the Company with other stockholders of the Company, knowledgeable industry or market observers or other persons.
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.
RENN FUND, INC. 
