RiverNorth Flexible Municipal Income Fund, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Patrick William Galley
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 325 North LaSalle Street Chicago FL United States of America 60654
- IPO Date
- Mar 27, 2020
- CIK
- 0001790177
- Website
- rivernorth.com
- Similar Companies
- Business
- RiverNorth Flexible Municipal Income Fund, Inc. (RFM) is a diversified, closed-end management investment company focused on municipal securities. The Fund seeks current income exempt from regular U.S. federal income taxes (though potentially includable in federal alternative minimum tax calculations) as its primary objective and total return as its secondary objective, achieved by investing at least 80% of its managed assets directly or indirectly in municipal bonds; municipal closed-end funds; tender option bonds (limited to 5% of managed assets per issuer); and related instruments across various maturities, credit qualities including below-investment-grade/high-yield bonds, and strategies such as closed-end fund discount trading. It employs leverage through bank borrowings, tender option bond structures, and other methods, capped at approximately 45% of managed assets, while operating shares listed on the NYSE for secondary market trading. The Fund, advised by RiverNorth Capital Management, LLC and based in Chicago, Illinois with an address at 433 West Van Buren Street, Suite 1100-E, commenced operations around 2019-2020 and targets retail and institutional investors seeking tax-advantaged fixed income exposure primarily in the U.S. municipal bond market. Geographically, its portfolio centers on U.S. municipal issuers without specified international operations, serving customers through brokers and financial intermediaries. Recent developments include multiple SEC filings in 2025 for prospective offerings and amendments, such as N-2/A forms in March and February, alongside monthly portfolio reports and a notice of effectiveness in April; an affiliate of the adviser, RiverNorth Financial Holdings, LLC, purchased 175 additional common shares on November 26, 2025 at $14.07 per share, increasing its holdings to 40,647 shares; and RiverNorth's partnership with Variety Capital Limited announced in September 2024 to offer a CEF arbitrage strategy in UCITS structure for non-U.S. institutional investors, potentially enhancing distribution capabilities. The Fund maintains a scheduled termination date of March 26, 2035, extendable under board discretion, with provisions for eligible tender offers if net assets exceed $100 million post-repurchase. Key executives include CEO Patrick Galley and COO Jonathan Mohrhardt.
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RiverNorth Closed-End Funds Declare Monthly Distributions
RiverNorth Closed-End Funds Declare Monthly Distributions
RiverNorth Closed-End Funds Declare Monthly Distributions
RiverNorth Closed-End Funds Declare Monthly Distributions
RiverNorth Closed-End Funds Declare Monthly Distributions
RiverNorth Closed-End Funds Declare Monthly Distributions and RiverNorth Flexible Municipal Income Fund, Inc. Declares Capital Gain Distribution
RFM: Better Valuation, But Not Great Prospects
RiverNorth Closed-End Funds Declare Monthly Distributions
Weekly Closed-End Fund Roundup: DEX Will Merge With AGD, Tender Next January (December 11, 2022)
RiverNorth Flexible Municipal Income Fund, Inc. Declares Year-End Capital Gain Distribution
RiverNorth Closed-End Funds Declare Monthly Distributions
RiverNorth Closed-End Funds Declare Monthly Distributions
RiverNorth Closed-End Funds Declare Monthly Distributions
RFM: Widening Discount, But Risks Remain
New Year, New Closed-End Funds In The Works
RiverNorth Closed-End Funds Declare Monthly Distributions
RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions