RENN Fund, Inc. (the Fund), formerly RENN Global Entrepreneurs Fund, Inc., is a non-diversified, closed-end management investment company. The investment objective of the Fund is to provide its stockholders primarily with long-term capital appreciation by investing substantially in privately-placed convertible and equity securities of emerging growth companies traded on United States securities exchanges. RENN Group is primarily responsible for the selection, evaluation, structure, valuation, and administration of the Fund�s investment portfolio, subject to the supervision of the Board of Directors. The Fund�s investment advisor is RENN Capital Group, Inc.