Rivernorth Opportunistic Municipal Income Fund

RMI · NYSE

$13.59−$0.175 (−1.27%)TodayMarket closed ·
Prev close $13.76

About RMI

Rivernorth Opportunistic Municipal Income Fund Inc is a US-based company operating in industry. The company is headquartered in West Palm Beach, Florida. The company went IPO on 2018-10-26. 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 (but which may be includable in taxable income for purposes of the Federal alternative minimum tax). The Fund’s secondary investment objective is total return. Under normal market conditions, the Fund seeks to achieve its investment objectives by investing, directly or indirectly, at least 80% of its managed assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular United States federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax (Municipal Bonds). The Fund’s investment adviser is RiverNorth Capital Management, LLC (the Adviser) and the Fund’s sub-adviser is MacKay.

Employees
0
Headquarters
West Palm Beach, Florida
Listed
Oct 26, 2018
Sector
N/A
Industry
N/A

RMI key statistics

Market cap
87.15M
Price-earnings ratio
7.62
Dividend yield
8.03%
Average volume
30.48K
Volume
6.98K
Open price
$13.78
High today
$13.78
Low today
$13.48
52 Week high
$16.36
52 Week low
$13.11

Rivernorth Opportunistic Municipal Income Fund (RMI) at a glance

As of Oct 23, 2026, Rivernorth Opportunistic Municipal Income Fund (RMI) shares are priced at $13.59, giving the company a market cap of 87.15M, a price-to-earnings ratio of 7.62 and a dividend yield of 8.03%.

Today the stock has traded between $13.48 and $13.78. The current price is 0.8% above the day's low and 1.4% below its high.

Volume so far is 6.98K shares, below the average of 30.48K shares a day.

Over the past year Rivernorth Opportunistic Municipal Income Fund has ranged from $13.11 to $16.36, and now sits 15% of the way up that range.

RMI news

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

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Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.