RiverNorth Opportunistic Municipal Income Fund, Inc. is a 1940 Act, closed-end management investment company structured as an exchange‑traded CEF that seeks current income exempt from federal income tax by investing primarily in municipal securities across maturities and credit spectrums, managed by RiverNorth Capital Management; the Fund is listed and trades on an exchange and has publicly tradable shares with liquidity provided through the secondary market and periodic distributions consistent with its investment objective.
News and Notices
RiverNorth Capital Management, LLC
Oct 25, 2018
Exchange-Traded CEF
'40 Act
Quarterly
Daily
USD
June 30
News and Notices
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Time (ET)
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May 20, 2025
16:41
Compliance
RiverNorth Opportunistic Municipal Income Fund reported its annual proxy voting record for the year ended June 30, 2026, with no other included managers and no series listed.
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Jun 23, 2023
16:27
Ownership, Personnel, Subscription
RiverNorth Financial Holdings acquired 3,941 shares of RiverNorth Opportunistic Municipal Income Fund common stock at $14.47 per share, increasing its direct holdings to 84,454 shares. The purchase was reported by an Affiliate of the Adviser.
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Jun 22, 2023
17:24
Ownership, Personnel, Subscription
RiverNorth Financial Holdings acquired 5,058 shares of RiverNorth Opportunistic Municipal Income Fund Common Stock at $14.4626 per share, increasing its direct holdings to 80,513 shares. The ownership change discloses an Affiliate of the Adviser’s updated stake in the Fund.
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Feb 25, 2023
16:55
Ownership, Personnel, Subscription
RiverNorth Financial Holdings acquired 5,558 shares of RiverNorth Opportunistic Municipal Income Fund common stock at $14.4761 per share, increasing its direct holdings to 75,455 shares. The purchase was made by an Affiliate of the Adviser.
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Aug 18, 2023
18:41
Ownership, Personnel, Subscription
RiverNorth Financial Holdings, Affiliate of the Adviser, acquired 6,642 shares of RiverNorth Opportunistic Municipal Income Fund common stock at $14.5367 per share, increasing its direct holdings to 69,867 shares. This ownership update reflects an insider-style purchase by an adviser affiliate.
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Aug 17, 2024
17:04
Ownership, Personnel, Subscription
RiverNorth Financial Holdings purchased 7,045 shares of RiverNorth Opportunistic Municipal Income Fund common stock at $14.5031 per share, increasing holdings to 63,255 shares.
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Aug 14, 2024
14:34
Ownership, Personnel, Subscription
RiverNorth Financial Holdings acquired 3,664 shares of RiverNorth Opportunistic Municipal Income Fund common stock at $14.6014 per share, bringing its holdings to 56,210 shares. The purchase increased an affiliate of the Adviser’s ownership position.
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Jun 12, 2023
15:27
Ownership
RiverNorth Financial Holdings purchased 2,958 shares of RiverNorth Opportunistic Municipal Income Fund common stock on November 10-11, 2025, at prices of $14.54 and $14.6494 per share. The affiliate of the investment adviser directly owned 52,546 shares after the purchases.
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Sep 16, 2022
00:15
Other
RiverNorth Opportunistic Municipal Income Fund’s registration statement under file number 333-281401 became effective on April 15, 2025 at 11:00 a.m.
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Jun 30, 2023
06:06
Debt Issuance, Marketing Material
RiverNorth Opportunistic Municipal Income Fund updated its prospectus and SAI to incorporate the December 31, 2024 semi-annual report and revised leverage figures, including 36.55% of Managed Assets in tender option bond leverage and a 274% asset coverage ratio.
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Preview
RiverNorth Opportunistic Municipal Income Fund
RiverNorth Capital Management, LLC is responsible for managing RiverNorth Opportunistic Municipal Income Fund.
RiverNorth Opportunistic Municipal Income Fund launched in 2018.
RiverNorth Opportunistic Municipal Income Fund is registered as a '40 Act fund.
RiverNorth Opportunistic Municipal Income Fund is structured as a Exchange-Traded CEF fund.
You can invest in RiverNorth Opportunistic Municipal Income Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in RiverNorth Opportunistic Municipal Income Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of RiverNorth Opportunistic Municipal Income Fund quarterly, subject to redemption limits and notice requirements.
Shares of RiverNorth Opportunistic Municipal Income Fund can be purchased in USD.
RiverNorth Opportunistic Municipal Income Fund's fiscal year end is June 30.
RiverNorth Opportunistic Municipal Income Fund's net asset value was $99.5 million and its portfolio had a fair value of $161.7 million as of March 31, 2026.
Among other deal types, RiverNorth Opportunistic Municipal Income Fund primarily makes Private Market Investments.
Among other asset classes, RiverNorth Opportunistic Municipal Income Fund primarily invests in Water and Short-Term.
Among other regions, RiverNorth Opportunistic Municipal Income Fund primarily invests in the USA.
RiverNorth Opportunistic Municipal Income Fund charges a 1.05% annual management fee, which is calculated based on NAV.
There is no minimum initial investment for RMI shares, allowing you to invest any amount.
There is no minimum subsequent investment for RMI shares, allowing you to invest any amount.
You will be subject to paying an early repurchase/redemption fee of 0%.
RiverNorth Opportunistic Municipal Income Fund's RMI share class generated an annualized 1-month return of -3.21% and 2-year return of 3.78% as of June 30, 2020.
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