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Patrick W. Galley, President of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI), expanded his holdings in the company with a series of stock purchases valued at $22,611. The transactions occurred on April 9, 2025, and involved the acquisition of common stock at prices ranging from $14.11 to $14.1537 per share. The fund currently trades at $13.92, near its 52-week low of $13.63, while offering an attractive dividend yield of 8.15%.
Galley acquired a total of 1,600 shares, distributed across multiple transactions, enhancing his indirect ownership through a trust account. Following these purchases, Galley’s total holdings in the fund increased to 3,600 shares.
These recent acquisitions reflect Galley’s continued confidence in the company’s performance and prospects. Investors often view insider purchases as a positive signal, suggesting that those closest to the company believe in its future growth potential.
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