RiverNorth Closed-End Funds Declare Monthly Distributions
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Distribution Dates and Policies: RiverNorth closed-end funds have set distribution dates for July, August, and September 2025, with payments subject to Board approval. Shareholders can choose between receiving additional shares or cash for their distributions.
Tax Implications and Fund Performance: The funds maintain a level distribution policy, but portions of the distributions may be subject to taxes and could include returns of capital, which do not reflect investment performance. Investors are advised to consult tax professionals regarding their specific situations.
Analyst Views on RMI
Wall Street analysts forecast RMI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RMI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 14.670
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About RMI
Rivernorth Opportunistic Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from regular United States federal income taxes. The Fund’s secondary investment objective is total return. The Company’s investment strategy includes Tactical Municipal Closed-End Fund (CEF) Strategy and Municipal Bond Income Strategy. The Tactical Municipal CEF Strategy typically invests in municipal CEFs and exchange-traded funds (ETFs) and other investment companies. The Municipal Bond Income Strategy primarily invests in municipal bonds of any credit quality, including securities that are rated below investment grade. The Fund’s investment adviser is RiverNorth Capital Management, LLC. The Fund’s sub-adviser is MacKay Shields, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
