Etude Capital Provides Information to Shareholders of RENN Fund
August 10, 2016 at 06:09 am EDT
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On August 9, 2016, the joint filing agreement between Davenforth LLC, Steven Stein, Etude Capital LLC, and Chase Investment Counsel was terminated. Subsequently, the parties cease to jointly own more than 5% of the common stock of RENN Fund, Inc.
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. 
