RiverNorth RMI insider purchase lifts holdings to 52,546 shares
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,958 shares
Net Buy
2 txns
Insider
RiverNorth Financial Holdings, LLC
Role
Insider
Bought
2,958 shs ($43K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,657 | $14.6494 | $24K |
| Purchase | Common Stock | 1,301 | $14.54 | $19K |
Holdings After Transaction:
Common Stock — 52,546 shares (Direct)
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did the RMI Form 4 disclose?
An affiliate of the adviser purchased 1,301 shares at $14.54 on 11/10/2025 and 1,657 shares at $14.6494 on 11/11/2025.
What is the relationship of the filer to RMI?
The filer is marked as Other: Affiliate of the Adviser.
Were the RMI transactions open‑market purchases?
Yes. The transactions are coded P, indicating open‑market purchases.
Were the holdings direct or indirect?
The holdings are reported as Direct (D) ownership.
On what dates did the RMI trades occur?
The trades occurred on 11/10/2025 and 11/11/2025.