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Rivernorth Financial Holdings, LLC, an affiliate of the advisor to RiverNorth Flexible Municipal Income Fund, Inc. (NYSE:RFM), reported purchasing 141 shares of common stock in a transaction dated October 24, 2025. The shares were bought at a price of $14.3, resulting in a total transaction value of $2016. The fund currently offers an attractive 7.9% dividend yield and maintains a strong financial health score of 3.3 out of 5 according to InvestingPro data.
Following the transaction, Rivernorth Financial Holdings, LLC directly owns 11072 shares of RiverNorth Flexible Municipal Income Fund, Inc. The stock is trading near its 52-week high of $16.29, demonstrating strong momentum. InvestingPro subscribers can access 10+ additional investment insights about RFM, including detailed dividend sustainability analysis and valuation metrics.
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