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

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Friday, October 16th will be paid a dividend of 0.0889 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Friday, October 16th.

RiverNorth Opportunistic Municipal Income Fund Stock Up 1.0%

NYSE:RMI opened at $15.64 on Thursday. RiverNorth Opportunistic Municipal Income Fund has a 1 year low of $13.71 and a 1 year high of $16.36. The stock has a 50-day simple moving average of $15.29 and a 200-day simple moving average of $15.12.

Hedge Funds Weigh In On RiverNorth Opportunistic Municipal Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG increased its stake in RiverNorth Opportunistic Municipal Income Fund by 2.8% in the third quarter. UBS Group AG now owns 161,653 shares of the company’s stock valued at $2,363,000 after purchasing an additional 4,472 shares during the last quarter. Gateway Wealth Partners LLC raised its holdings in RiverNorth Opportunistic Municipal Income Fund by 152.4% during the first quarter. Gateway Wealth Partners LLC now owns 106,236 shares of the company’s stock worth $1,600,000 after purchasing an additional 64,151 shares in the last quarter. Royal Bank of Canada lifted its position 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 buying an additional 1,141 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 252.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 72,050 shares of the company’s stock valued at $1,031,000 after buying an additional 51,625 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of RiverNorth Opportunistic Municipal Income Fund by 176.7% in the 3rd quarter. Bank of America Corp DE now owns 45,533 shares of the company’s stock valued at $666,000 after buying an additional 29,076 shares during the last quarter.

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.