RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ)
| Assets | $6.00M |
| Expense Ratio | 0.90% |
| PE Ratio | 47.11 |
| Shares Out | 235,000 |
| Dividend (ttm) | $3.08 |
| Dividend Yield | 12.03% |
| Ex-Dividend Date | Dec 24, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 565.44% |
| Volume | 2 |
| Open | 25.60 |
| Previous Close | 25.63 |
| Day's Range | 25.60 - 25.60 |
| 52-Week Low | 25.46 |
| 52-Week High | 29.01 |
| Beta | 0.01 |
| Holdings | 172 |
| Inception Date | Jul 11, 2022 |
About SPCZ
Fund Home PageThe 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.
Top 10 Holdings
29.27% of assets| Name | Symbol | Weight |
|---|---|---|
| Suma Acquisition Corp Units (1 Ord Cls A & 1 Rts) | SUMAU | 4.49% |
| Legato Merger Corp. III | LEGT | 3.30% |
| Graf Global Corp. | GRAF | 3.21% |
| GP-Act III Acquisition Corp. | GPAT | 2.88% |
| State Street U.S. Government Money Market Portfolio | SALXX | 2.79% |
| Solarius Capital Acquisition Corp. | SOCA | 2.58% |
| SC II Acquisition Corp Units (1 Ord Cls A & 1 Rts) | SCIIU | 2.51% |
| Bitcoin Infrastructure Acquisition Corp Ltd Units (1 Ord Cls A & 1/2 Wa | BIXIU | 2.51% |
| Activate Energy Acquisition Corp Units (1 Ord Cls A & 1/2 War) | AEAQU | 2.50% |
| Legato Merger Corp IV Units (1 Ord Shs & 1/3 War) | LEGO.U | 2.50% |
Dividend History
| 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 8.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.31%.
News
TrueMark Investments Announces SPCZ and FLDZ ETFs Moving to Cboe BZX Exchange
CHICAGO , Dec. 16, 2022 /PRNewswire/ -- Today, TrueMark Investments ("TrueMark") announces plans to transfer the listings of the RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) and the RiverNorth Patri...
TrueMark Investments & RiverNorth Capital Management Launch First Actively Managed Pre-Merger SPAC ETF to Incorporate Leverage
CHICAGO--(BUSINESS WIRE)--RiverNorth Capital Management, LLC and TrueMark Investments today announced the launch of the RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ), trading on the NYSE. SPCZ is an ...