RiverNorth Opportunistic Municipal Income Fund reports insider share purchase
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 5,558 | $14.4761 | $80K |
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did RMI report on this Form 4?
The filing reports that Marc Collins, an affiliate of the adviser, purchased 5,558 shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) common stock on 11/24/2025.
What is Marc Collins’ relationship to RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI)?
The Form 4 indicates that Marc Collins is reported as an "Affiliate of the Adviser" to RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI).
Does this Form 4 involve any derivative securities of RMI?
The Table II section for derivative securities is present but shows no specific derivative transactions or holdings reported in this excerpt.
Was the RMI insider transaction filed jointly with other reporting persons?
No. The Form 4 indicates that it is "Form filed by One Reporting Person", referring to Marc Collins.