RENN Fund, Inc. ("RENN " or the "Fund"), a Texas corporation, was formed on January 20, 1994. The Fund seeks to achieve capital appreciation potential by investing in equity securities and convertible issues of small and medium size companies which are in need of capital and which RENN Capital Group, Inc. (Investment Adviser) believes offers the opportunity for growth. The Fund is a non-diversified closed-end fund concentrating on investing in emerging publicly-traded growth companies. 


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