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

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Friday, August 14th will be given a dividend of 0.0889 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, August 14th.

RiverNorth Opportunistic Municipal Income Fund Stock Up 0.6%

NYSE:RMI opened at $15.72 on Thursday. RiverNorth Opportunistic Municipal Income Fund has a 52-week low of $13.71 and a 52-week high of $16.36. The business’s 50-day moving average price is $15.29 and its 200 day moving average price is $15.12.

Institutional Investors Weigh In On RiverNorth Opportunistic Municipal Income Fund

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of RiverNorth Opportunistic Municipal Income Fund by 1.2% during the 4th quarter. Royal Bank of Canada now owns 96,874 shares of the company’s stock worth $1,386,000 after acquiring an additional 1,141 shares in the last quarter. UBS Group AG raised its holdings in RiverNorth Opportunistic Municipal Income Fund by 2.8% during the third 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. Osaic Holdings Inc. boosted its holdings 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 buying an additional 5,917 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in RiverNorth Opportunistic Municipal Income Fund during the third quarter worth $494,000. Finally, Arlington Capital Management Inc. bought a new stake in RiverNorth Opportunistic Municipal Income Fund during the third quarter worth $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.