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RiverNorth Financial Holdings, LLC, an affiliate of the adviser to RiverNorth Flexible Municipal Income Fund, Inc. (NASDAQ: RFM), acquired 3,216 shares of common stock in a transaction dated October 23, 2025. The shares were purchased at a price of $14.30, totaling $45,988. The purchase comes as RFM trades near its 52-week high of $16.29, while maintaining an attractive 7.9% dividend yield. According to InvestingPro, the fund demonstrates strong financial health with a "GREAT" overall score.
Following the transaction, RiverNorth Financial Holdings, LLC directly owns 10,931 shares of RiverNorth Flexible Municipal Income Fund, Inc. The fund has maintained consistent performance with low price volatility, and InvestingPro analysis reveals 10+ additional insights about RFM’s valuation and financial strength.
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