RiverNorth (RMI) adviser affiliate purchases 6,857 shares
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,857 shares
Net Buy
1 txn
Insider
RiverNorth Financial Holdings, LLC
Role
Insider
Bought
6,857 shs ($99K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 6,857 | $14.5087 | $99K |
Holdings After Transaction:
Common Stock — 49,588 shares (Direct)
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction was reported for RMI?
An affiliate of the adviser purchased 6,857 RMI common shares on 11/07/2025.
What was the transaction code on the Form 4?
The transaction code was P, indicating an open‑market purchase.
What is the relationship of the reporting person to RMI?
The reporting person is an Affiliate of the Adviser.
Is the ownership reported as direct or indirect?
The filing shows Direct (D) ownership.