RiverNorth (RMI) affiliate purchase: 4,277 shares at $14.42
Rhea-AI Filing Summary
RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) reported an insider transaction on a Form 4. An individual identified as an affiliate of the adviser purchased 4,277 shares of Common Stock on 10/23/2025 at a price of $14.42 per share (Transaction Code: P). Following the purchase, the filer reported 27,699 shares directly beneficially owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,277 shares
Net Buy
1 txn
Insider
RiverNorth Financial Holdings, LLC
Role
Insider
Bought
4,277 shs ($62K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 4,277 | $14.42 | $62K |
Holdings After Transaction:
Common Stock — 27,699 shares (Direct)
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did RMI report on Form 4?
An affiliate of the adviser purchased 4,277 shares of Common Stock on 10/23/2025 at $14.42 per share (Code P).
What is the relationship of the filer to RMI?
The filer is marked as Other: Affiliate of the Adviser.
What does Transaction Code P mean on the Form 4?
Code P indicates a purchase of the issuer’s equity securities.
Was the ownership reported as direct or indirect?
Ownership was reported as Direct (D).