RiverNorth Opportunistic Municipal Income Fund affiliate adds RMI shares
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did RMI report on this Form 4?
The filing reports that an affiliate of the adviser to RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) purchased 6,642 shares of RMI common stock in a reported transaction.
On what date did the RMI insider purchase occur and at what price?
The insider transaction occurred on 11/17/2025, with 6,642 common shares purchased at a price of $14.5367 per share.
How many RMI shares does the reporting person own after the transaction?
Following the reported purchase, the insider directly beneficially owns 69,867 shares of RMI common stock.
What is the relationship of the reporting person to RMI?
The reporting person is listed as an affiliate of the adviser to RiverNorth Opportunistic Municipal Income Income Fund, Inc., rather than as a director or 10% owner.
Was this RMI Form 4 filed for multiple insiders or just one?
The Form 4 indicates it is filed by one reporting person, not a group filing.
What type of security was involved in the RMI insider trade?
The transaction involved common stock of RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI); no derivative securities are reported in the excerpt.