RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Plans $0.09 Monthly Dividend

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) declared a monthly dividend on Wednesday, July 1st. Investors of record on Friday, October 16th will be given a dividend of 0.0889 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Friday, October 16th.

RiverNorth Opportunistic Municipal Income Fund Stock Up 1.0%

RMI stock opened at $15.64 on Thursday. The business’s 50-day moving average is $15.29 and its two-hundred day moving average is $15.12. RiverNorth Opportunistic Municipal Income Fund has a 1 year low of $13.71 and a 1 year high of $16.36.

Institutional Trading of RiverNorth Opportunistic Municipal Income Fund

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in RiverNorth Opportunistic Municipal Income Fund by 176.7% in the third quarter. Bank of America Corp DE now owns 45,533 shares of the company’s stock worth $666,000 after acquiring an additional 29,076 shares during the last quarter. UBS Group AG grew its holdings in RiverNorth Opportunistic Municipal Income Fund by 2.8% during the 3rd quarter. UBS Group AG now owns 161,653 shares of the company’s stock worth $2,363,000 after acquiring an additional 4,472 shares in the last quarter. Royal Bank of Canada increased its position in shares of RiverNorth Opportunistic Municipal Income Fund by 1.2% in the 4th quarter. Royal Bank of Canada now owns 96,874 shares of the company’s stock valued at $1,386,000 after purchasing an additional 1,141 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of RiverNorth Opportunistic Municipal Income Fund by 20.5% in the 4th quarter. Osaic Holdings Inc. now owns 34,764 shares of the company’s stock valued at $497,000 after purchasing an additional 5,917 shares during the last quarter. Finally, Arlington Capital Management Inc. acquired a new stake in shares of RiverNorth Opportunistic Municipal Income Fund in the 3rd quarter valued at $253,000.

RiverNorth Opportunistic Municipal Income Fund Company Profile

RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) is a closed-end management investment company that seeks to deliver tax-exempt income through diversified exposure to U.S. municipal securities. The fund is structured as a non-diversified, interval fund and primarily caters to investors pursuing high-quality, tax-advantaged income from state and local government obligations.

RMI employs an opportunistic, value-oriented investment process, focusing on both traditional investment-grade bonds and specialized niches within the municipal market.