Fidelity Wise Origin Bitcoin Fund amends trust agreement to allow in-kind share transactions
Patrick W. Galley, President of RiverNorth Flexible Municipal Income Fund, Inc. (NYSE:RFM), recently acquired a significant number of shares in the company. According to a recent SEC filing, Galley purchased a total of 5,300 shares of common stock on April 8, 2025. The fund, which currently offers an attractive 8.3% dividend yield, has demonstrated GREAT financial health with an InvestingPro Financial Health Score of 3.3. The transaction, conducted through a trust account, involved buying shares at prices ranging from $13.70 to $13.91 per share, culminating in a total investment of approximately $72,837. With the stock currently trading at $13.79 and down nearly 7% year-to-date, this insider purchase comes near the 52-week low of $13.58. Following these transactions, Galley now holds 6,700 shares indirectly through the trust. For deeper insights into insider trading patterns and comprehensive financial analysis, consider subscribing to InvestingPro.
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