RiverNorth Opportunistic 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.- Sector
- Financial Services
- Industry
- Financial - Conglomerates
- Address
- 325 North LaSalle Street Chicago IL United States of America 60654
- IPO Date
- Oct 26, 2018
- CIK
- 0001746967
- Website
- rivernorth.com
- Similar Companies
- Business
- RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE: RMI) is a closed-end management investment trust that seeks high current income exempt from regular federal income tax with a secondary objective of total return through opportunistic investments in the municipal bond market. The Fund invests primarily in a diversified portfolio of municipal bonds and notes, including investment-grade securities, high-yield or below-investment-grade obligations, and variable rate securities; it employs strategies such as leverage through tender option bonds, inverse floaters, and other structured products to enhance yield and return potential. Its investment portfolio targets various sectors including healthcare, transportation, education, power, water and sewer, housing, and general obligation bonds issued by states, territories, and local governments across the United States. The Fund was established in 2019 and is headquartered in Chicago, Illinois, with management provided by RiverNorth Capital Management, LLC. In recent developments, the Fund announced a strategic merger agreement in late 2023 with RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (RNS), completed in early 2024, which expanded its asset base and opportunistic municipal credit strategy; additionally, it launched enhanced distribution policies in 2025 amid favorable market conditions for municipal debt refinancing and yield curve shifts.
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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
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