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

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) declared a monthly dividend on Wednesday, April 1st. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.0889 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Wednesday, April 15th.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

Shares of RiverNorth Opportunistic Municipal Income Fund stock traded up $0.02 on Monday, hitting $15.64. 4,504 shares of the company’s stock traded hands, compared to its average volume of 32,352. The firm’s 50-day moving average is $15.35 and its 200 day moving average is $14.83. RiverNorth Opportunistic Municipal Income Fund has a 52-week low of $13.71 and a 52-week high of $16.36.

Institutional Investors Weigh In On RiverNorth Opportunistic Municipal Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in RMI. Bank of America Corp DE raised its position in shares of RiverNorth Opportunistic Municipal Income Fund by 35.6% during the 4th quarter. Bank of America Corp DE now owns 2,440 shares of the company’s stock valued at $37,000 after acquiring an additional 640 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of RiverNorth Opportunistic Municipal Income Fund by 17.0% during the 2nd quarter. Osaic Holdings Inc. now owns 15,909 shares of the company’s stock valued at $227,000 after acquiring an additional 2,315 shares in the last quarter. Plancorp LLC acquired a new stake in shares of RiverNorth Opportunistic Municipal Income Fund during the 3rd quarter valued at approximately $308,000. Concurrent Investment Advisors LLC raised its position in shares of RiverNorth Opportunistic Municipal Income Fund by 25.9% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 33,470 shares of the company’s stock valued at $489,000 after acquiring an additional 6,875 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of RiverNorth Opportunistic Municipal Income Fund during the 3rd quarter valued at approximately $494,000.

About RiverNorth Opportunistic Municipal Income Fund

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.