RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) to Issue Monthly Dividend of $0.09 on November 30th

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) announced a monthly dividend on Thursday, October 1st. Investors of record on Monday, November 16th will be paid a dividend of $0.0889 per share on Monday, November 30th. This represents a $1.07 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Monday, November 16th.

RiverNorth Opportunistic Municipal Income Fund Price Performance

RMI opened at $14.00 on Friday. RiverNorth Opportunistic Municipal Income Fund has a 12-month low of $13.11 and a 12-month high of $16.36. The firm has a 50 day moving average of $14.95 and a two-hundred day moving average of $15.20.

RiverNorth Opportunistic Municipal Income Fund Company Profile

RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) is a closed-end investment fund managed by RiverNorth Capital Management, LLC. The fund seeks to provide current income that is exempt from regular U.S. federal income tax, with capital appreciation as a secondary objective.

RMI invests primarily in municipal securities issued by states, cities, counties, and other public authorities in the United States. Its opportunistic strategy may include exposure to a range of municipal bonds and other municipal-income investments, allowing the portfolio to pursue opportunities across different credit qualities, maturities, structures, and market conditions.

The fund is designed for investors seeking tax-advantaged income from a professionally managed portfolio of municipal investments.