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RiverNorth Financial Holdings buys RiverNorth Opportunistic Municipal Income Fund shares

Published 16/10/2025, 23:34
RiverNorth Financial Holdings buys RiverNorth Opportunistic Municipal Income Fund shares

RiverNorth Financial Holdings, LLC, an affiliate of the adviser to RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI), acquired 4,138 shares of common stock in the company on October 15, 2025. The shares were purchased at a price of $14.74, totaling $60994. The purchase comes as RMI trades near its 52-week high of $16.74, with the stock showing strong momentum, up 8.74% over the past six months. The fund currently offers an attractive 7.75% dividend yield.

Following the transaction, RiverNorth Financial Holdings, LLC directly owns 6,281 shares of RiverNorth Opportunistic Municipal Income Fund, Inc. InvestingPro analysis reveals the stock typically moves counter to market trends, with 11 additional key insights available to subscribers.

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