RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ)

Assets	$5.74M
Expense Ratio	0.90%
PE Ratio	47.45
Shares Out	225,000
Dividend (ttm)	$3.08
Dividend Yield	12.09%
Ex-Dividend Date	Dec 24, 2025
Payout Frequency	Annual
Payout Ratio	572.03%

Volume	n/a
Open	25.50
Previous Close	25.55
Day's Range	25.50 - 25.55
52-Week Low	25.46
52-Week High	29.01
Beta	0.01
Holdings	160
Inception Date	Jul 11, 2022

About SPCZ

Fund Home Page

The RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that holds US-listed, small- and mid-cap pre-combination SPAC securities. SPCZ was launched on Jul 11, 2022 and is issued by Truemark Group.

• Asset Class: Equity
• Category: Financial
• Region: North America
• Stock Exchange: BATS
• Ticker Symbol: SPCZ
• ETF Provider: Truemark Group

Top 10 Holdings

39.64% of assets

Name	Symbol	Weight
State Street U.S. Government Money Market Portfolio	SALXX	14.35%
Legato Merger Corp. III	LEGT	3.42%
Graf Global Corp.	GRAF	3.38%
GP-Act III Acquisition Corp.	GPAT	2.99%
Solarius Capital Acquisition Corp.	SOCA	2.67%
Bitcoin Infrastructure Acquisition Corp Ltd Units (1 Ord Cls A & 1/2 Wa	BIXIU	2.62%
Activate Energy Acquisition Corp Units (1 Ord Cls A & 1/2 War)	AEAQU	2.61%
SC II Acquisition Corp Units (1 Ord Cls A & 1 Rts)	SCIIU	2.59%
EQV Ventures Acquisition Corp. II	EVAC	2.53%
Hall Chadwick Acquisition Corp Units (1 Ord Cls A & 1 Rts)	HCACU	2.49%

Dividends

Ex-Dividend	Amount	Pay Date
Dec 24, 2025	$3.08087	Dec 26, 2025
Dec 27, 2024	$1.10145	Dec 30, 2024
Dec 27, 2023	$1.28779	Dec 29, 2023
Dec 29, 2022	$0.0557	Jan 3, 2023

Performance

SPCZ had a total return of 10.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.60%.