Marcus L. Collins
About Marcus L. Collins
Marcus L. Collins serves as General Counsel and Chief Compliance Officer (CCO) of RiverNorth Capital Management, LLC (since 2012), and is the Secretary and CCO of RiverNorth Capital and Income Fund, Inc. (RSF) with an indefinite term; he has served in the RSF officer role since 2015 . He was born in 1968 . Education: B.A. in Political Science from Carson–Newman University; J.D. (Chase College of Law) and MBA (Haile College of Business) from Northern Kentucky University . In RiverNorth’s governance framework, the Board regularly receives compliance reports from Mr. Collins in his role as CCO, informing risk oversight and compliance monitoring . Fund proxies disclose no officer-level pay-for-performance metrics (TSR, revenue, EBITDA) and indicate funds pay no salaries/compensation to officers; officer compensation is paid by the Adviser, not the funds .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Thompson Hine LLP | Attorney, Investment Management practice | Not disclosed | Counseled investment advisers, investment companies, and broker-dealers on federal securities laws |
| Ohio National Financial Services | Second Vice-President & Counsel | Not disclosed | Provided legal guidance across securities-related subsidiaries (broker-dealers, investment companies, investment advisers, variable insurance issuers) |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| RiverNorth Short Prime Unicorn Fund 2027 (SEC filing) | Agent for Service (Marcus L. Collins, Esq.) | 2025 | Legal and compliance point-of-contact for registrant filings and communications |
| RiverNorth Capital Management, LLC (transaction doc) | Executive Vice President; General Counsel & CCO (signatory) | 2019 | Authorized signatory in fund-related agreements, evidencing senior legal/compliance authority |
Fixed Compensation
| Item | Disclosure |
|---|---|
| Base salary | Not disclosed at fund level; funds pay no salaries/compensation to officers (officers are paid by the Adviser) |
| Target bonus % | Not disclosed at fund level |
| Actual bonus paid | Not disclosed at fund level |
| Cash retainers from funds | Officers receive no compensation directly from the funds |
| Employer paying officer compensation | RiverNorth Capital Management, LLC (Adviser) |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Officer-linked performance metrics (e.g., TSR, revenue, EBITDA) | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Equity/Option awards from funds | None disclosed; funds pay no compensation to officers |
Equity Ownership & Alignment
| Data Point | Disclosure |
|---|---|
| Total beneficial ownership (officer) | Not disclosed in RSF proxy filings |
| Ownership as % of shares outstanding | Not disclosed |
| Vested vs. unvested shares | Not disclosed |
| Options (exercisable vs. unexercisable) | Not disclosed |
| Shares pledged as collateral | Not disclosed |
| Stock ownership guidelines (officers) | Not disclosed |
| Compliance status with guidelines | Not disclosed |
Note: RSF proxies present “Director Ownership in the Funds,” but do not include officer beneficial ownership tables; officers receive no compensation from the funds .
Employment Terms
| Term | Disclosure |
|---|---|
| RSF employment role | Secretary and Chief Compliance Officer |
| Start of service at RSF | Indefinite term; has served since 2015 |
| Contract term length & expiration | Indefinite; no expiration date disclosed |
| Auto-renewal clauses | Not disclosed |
| Non-compete / non-solicit | Not disclosed |
| Garden leave | Not disclosed |
| Post-termination consulting | Not disclosed |
| Compliance reporting responsibilities | Provides reports to the Board as CCO, central to risk oversight |
Additional Governance Context (Board and Committees)
- RSF Board committees (Audit; Nominating & Corporate Governance) are comprised of Independent Directors; Audit is chaired by J. Wayne Hutchens; audit committee financial experts include Hutchens and Lisa B. Mougin .
- RSF director elections and class structure are detailed; officer roles (including Mr. Collins) are appointed with indefinite terms .
Investment Implications
- Pay-for-performance assessment at the fund-officer level is not feasible: RSF discloses no officer compensation from the funds and no performance-linked pay or equity awards; officer compensation is paid by the Adviser and not detailed in fund proxies .
- Retention risk appears limited near-term: Mr. Collins has held RSF officer roles since 2015 under an indefinite term and has been RiverNorth’s General Counsel/CCO since 2012, signaling continuity in legal/compliance leadership .
- Trading signal implications (insider selling/vesting pressure) are minimal at the fund level given the absence of disclosed officer equity awards or options; no pledging/hedging disclosures are provided for officers in fund proxies .
- Governance and compliance comfort: The Board’s reliance on Mr. Collins’ compliance reporting for risk oversight suggests robust compliance infrastructure, but without adviser-level compensation detail, alignment analysis must shift to Adviser governance (outside RSF’s proxy scope) .
References:
External sources: RiverNorth team bio ; RiverNorth Funds SAI ; SEC N-2 filing (Agent for Service) ; SEC agreement signatory .