The Fund seeks to achieve the inverse (-100%) of the U.S. dollar returns of the RiverNorth Long Prime Unicorn Fund 2028, Inc.
The offering price is determined by the underwriter and is normally based on numerous factors such as company’s financials, its future perspectives and risks, as well as demand for the company shares.
The price determined should be high enough for the company to raise sufficient capital, while representing a fair value of the shares for potential investors.