RiverNorth Financial Holdings buys RiverNorth Opportunistic Municipal Income Fund shares

Published 24/10/2025, 00:16
RiverNorth Financial Holdings buys RiverNorth Opportunistic Municipal Income Fund shares

RiverNorth Financial Holdings, LLC, an affiliate of the advisor to RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI), reported purchasing 4,277 shares of common stock in RMI at a price of $14.45 on October 22, 2025. The total value of the purchase was $61,802. The purchase price was near RMI’s current trading level of $14.40, with the stock showing strong momentum, up 7.35% over the past six months. InvestingPro data shows the fund offers an attractive 7.81% dividend yield.

Following the transaction, RiverNorth Financial Holdings, LLC directly owns 23,422 shares of RiverNorth Opportunistic Municipal Income Fund, Inc. The fund is currently trading near its 52-week high of $16.74, with InvestingPro analysis revealing 10+ additional insights about RMI’s performance and financial health.

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