Rivernorth Capital Management LLC Acquires 36,267 Shares of RiverNorth Flexible Municipal Income Fund, Inc. $RFM

Posted by Geri Gentry on Jul 30th, 2026

Rivernorth Capital Management LLC raised its holdings in RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM – Free Report) by 318.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,654 shares of the company’s stock after buying an additional 36,267 shares during the quarter. Rivernorth Capital Management LLC’s holdings in RiverNorth Flexible Municipal Income Fund were worth $669,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. lifted its holdings in shares of RiverNorth Flexible Municipal Income Fund by 14.7% during the second quarter. Raymond James Financial Inc. now owns 16,915 shares of the company’s stock worth $236,000 after buying an additional 2,165 shares during the last quarter. Osaic Holdings Inc. increased its position in RiverNorth Flexible Municipal Income Fund by 17.9% during the fourth quarter. Osaic Holdings Inc. now owns 15,993 shares of the company’s stock worth $223,000 after acquiring an additional 2,430 shares during the period. Wolverine Asset Management LLC bought a new position in RiverNorth Flexible Municipal Income Fund during the fourth quarter worth $72,000. LPL Financial LLC acquired a new position in RiverNorth Flexible Municipal Income Fund during the 4th quarter valued at $162,000. Finally, NewEdge Advisors LLC raised its stake in RiverNorth Flexible Municipal Income Fund by 52.7% during the 3rd quarter. NewEdge Advisors LLC now owns 35,118 shares of the company’s stock valued at $508,000 after purchasing an additional 12,113 shares during the last quarter.

RiverNorth Flexible Municipal Income Fund Price Performance

Shares of RiverNorth Flexible Municipal Income Fund stock opened at $14.63 on Thursday. The firm has a fifty day moving average price of $14.68 and a two-hundred day moving average price of $14.47. RiverNorth Flexible Municipal Income Fund, Inc. has a fifty-two week low of $13.68 and a fifty-two week high of $15.03.

RiverNorth Flexible Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.0881 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

RiverNorth Flexible Municipal Income Fund Profile

(Free Report)

The RiverNorth Flexible Municipal Income Fund, Inc seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.