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RiverNorth Financial Holdings, LLC, an affiliate of the adviser to RiverNorth Flexible Municipal Income Fund, Inc. (NYSE:RFM), acquired 3,352 shares of common stock in the company on October 22, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The fund currently offers an attractive 7.9% dividend yield and maintains a "GREAT" financial health score according to InvestingPro analysis.
The shares were purchased at a price of $14.2977, totaling $47,925. Following the transaction, RiverNorth Financial Holdings, LLC directly owns 7,715 shares of RiverNorth Flexible Municipal Income Fund, Inc. The stock has shown low price volatility and trades near its 52-week high of $16.29. For comprehensive insider trading patterns and 12 additional investment insights, check out InvestingPro.
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