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RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) delivered strong results for the fiscal year ended June 30, 2026. Net asset value (NAV) total return was 12.58% and market price total return was 17.00%, both outpacing the Bloomberg U.S. Municipal Bond Index, which returned 7.03%. Since inception in 2018, annualized NAV and market returns are 4.43% and 3.82%, versus 2.75% for the index.
The portfolio blends a Tactical Municipal CEF Strategy and a Municipal Bond Income Strategy; at year-end, allocations were 32% and 68% of Managed Assets, respectively. The Fund was 93% investment grade, with 6% not rated and 2% high yield. Top exposures included BlackRock municipal closed-end funds and large Texas and New York municipal issuers, with the ten largest positions representing 51.43% of net assets.
The Fund employs substantial leverage via floating rate note obligations, with $68.45 million of TOB-related debt against $103.1 million of net assets, and uses Treasury futures as a hedge. The total expense ratio was 2.45% of net assets excluding interest and 4.43% including interest. Distributions totaled $7.0 million, of which $2.78 million was from earnings and $4.24 million was classified as return of capital.
RiverNorth Opportunistic Municipal Income Fund, Inc. insider affiliated with the adviser reported buying additional common shares. On 12/22/2025, the reporting person purchased 3,941 shares of common stock at a price of $14.47 per share.
After this transaction, the insider directly beneficially owned 84,454 shares of the fund’s common stock. The filing was made on Form 4 by a single reporting person identified as an affiliate of the adviser, reflecting a routine update of insider holdings.
RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) disclosed an insider share purchase by an affiliate of its adviser. On 12/18/2025, the reporting person bought 5,058 shares of common stock in an open market transaction coded as "P" at a price of $14.4626 per share. After this transaction, the insider directly beneficially owned 80,513 shares of RMI common stock.
RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) disclosed an insider purchase on a Form 4. Marc Collins, identified as an affiliate of the adviser, bought 5,558 shares of common stock of RMI on 11/24/2025 in an open-market transaction coded "P" at a price of $14.4761 per share. After this trade, Collins beneficially owns 75,455 shares, held directly.
RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) reported an insider transaction by an affiliate of the adviser. On 11/17/2025, the reporting person purchased 6,642 shares of common stock in an open market transaction at a price of $14.5367 per share, classified under transaction code "P" for a purchase. After this trade, the reporting person directly beneficially owns 69,867 shares of RMI common stock. This filing is a routine disclosure of insider share accumulation and does not describe any change to the fund’s operations or strategy.
RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) reported an insider purchase by an affiliate of its adviser. On 11/14/2025, the reporting person bought 7,045 shares of common stock at a price of $14.5031 per share in an open market transaction coded as a purchase. After this transaction, the reporting person beneficially owns 63,255 common shares in direct ownership form, indicating increased personal exposure to the fund’s equity.
RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) disclosed an insider purchase. On 11/13/2025, an affiliate of the adviser bought 3,664 shares of Common Stock at $14.6014 per share under transaction code P. Following the trade, the reporting person beneficially owns 56,210 shares with direct ownership. The filing was made by one reporting person.
RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) reported insider purchases by an affiliate of the adviser. The filer bought 1,301 shares at $14.54 on 11/10/2025 and 1,657 shares at $14.6494 on 11/11/2025, both coded “P” for open‑market purchases.
Following these transactions, the filer’s direct ownership increased to 52,546 shares. These are routine Form 4 disclosures documenting recent open‑market activity by a related party.
RiverNorth Opportunistic Municipal Income Fund (RMI) reported an insider transaction on a Form 4. An affiliate of the adviser purchased 6,857 shares of common stock on 11/07/2025 at a price of $14.5087 per share, coded as P for an open‑market purchase. Following this trade, the reporting person beneficially owned 49,588 shares, shown as Direct (D) ownership.
RiverNorth Opportunistic Municipal Income Fund (RMI) reported an insider transaction on a Form 4. An individual affiliated with the adviser purchased 1,226 shares of common stock on 11/05/2025 at $14.6665 per share (Transaction Code: P). After this trade, the filer beneficially owned 42,731 shares, held directly.