|Bid||21.60 x 3000|
|Ask||21.64 x 800|
|Day's Range||21.60 - 21.68|
|52 Week Range||18.84 - 22.63|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.10 (5.05%)|
|1y Target Est||N/A|
RiverNorth Opportunistic Municipal Income Fund, Inc. (the “Fund”) (RMI) announced the declaration of monthly distributions of $0.0917 per common share for the months of July, August and September 2019, payable on the dates noted below. In accordance with the level distribution policy, the rate has been set equal to 5.50% based on the Fund’s initial public offering price of $20.00 per share (as of market close on October 26, 2018). Based on the Fund’s current net asset value (NAV) per share of $22.69 (as of market close June 28, 2019), the distributions represent an annualized distribution rate of 4.85%.
RiverNorth Opportunistic Municipal Income Fund, Inc. (the “Fund”) (RMI) announced today that its Board of Directors (the “Board”) has approved a 5.50% level distribution policy effective December 1, 2018. Accordingly, the Fund is declaring monthly distributions for December 2018, January 2019, February 2019, and March 2019. The Board has approved the distributions of $0.0917 per share of common stock, payable to the Fund’s stockholders on the dates noted below.
RiverNorth Capital Management, LLC (“RiverNorth”), an investment management firm specializing in opportunistic strategies, announced the launch of the RiverNorth Opportunistic Municipal Income Fund, Inc. (the “Fund”), a new municipal bond focused closed-end fund. RiverNorth will act as the investment adviser to the Fund, and MacKay Shields, LLC ("MacKay Shields") will act as subadviser.