RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) To Go Ex-Dividend on December 15th

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.0889 per share on Thursday, December 31st. This represents a $1.07 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Tuesday, December 15th.

RiverNorth Opportunistic Municipal Income Fund Stock Down 1.4%

Shares of NYSE RMI opened at $14.00 on Friday. The stock has a fifty day simple moving average of $14.95 and a 200-day simple moving average of $15.20. RiverNorth Opportunistic Municipal Income Fund has a twelve month low of $13.11 and a twelve month high of $16.36.

About RiverNorth Opportunistic Municipal Income Fund

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.