RiverNorth Reports 1.4M Shares (9.94%) in Western Asset Intermediate Muni Fund

Rhea-AI Filing Summary

RiverNorth Capital Management, LLC reports beneficial ownership of 1,399,124 common shares of Western Asset Intermediate Muni Fund Inc., representing 9.94% of the class. The filing indicates RiverNorth is organized in Delaware and is classified as an investment adviser (IA). RiverNorth reports sole voting and dispositive power over these shares and states the securities are held in the ordinary course of business, not to influence control of the issuer. The filing is submitted on a Schedule 13G/A and is signed by the firm’s General Counsel and Chief Compliance Officer.

Positive

• Clear disclosure of beneficial ownership and voting/dispositive power, aiding market transparency
• Ownership reported as held in the ordinary course, indicating passive intent under Schedule 13G/A

Negative

• Material ownership size (9.94%) could affect governance despite passive filing
• Filing lacks transaction price or acquisition timing, limiting investor assessment of exposure

Insights

Financial Analyst

TL;DR Significant passive stake disclosed: 9.94% ownership with sole voting and dispositive power, reported on Schedule 13G/A.

RiverNorth’s 9.94% position is material by percentage terms for a single reporting entity but is presented as passive under Schedule 13G/A rules. The filing shows clear control over voting and disposition at the reporting-person level, which means RiverNorth can exercise decisions over trading and voting of these shares even while asserting passive intent. No financial performance data or transactions values are provided, limiting valuation analysis.

Corporate Governance Expert

TL;DR A near-10% position with sole voting power warrants attention for governance and voting outcomes despite a passive filing status.

Holding just under 10% can make RiverNorth a consequential shareholder in proxy matters. Although the filer certifies the stake is held in the ordinary course and not to change control, the combination of sole voting and dispositive power means the firm can influence shareholder votes and proxy contests if it chooses. The filing contains no indication of arrangements with other holders or group status.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

WESTERN ASSET INTERMEDIATE MUNI FUND INC.

(Name of Issuer)

Common

(Title of Class of Securities)

958435109

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 958435109

1

Names of Reporting Persons

RIVERNORTH CAPITAL MANAGEMENT, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,399,124.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,399,124.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,399,124.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.94 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: WESTERN ASSET INTERMEDIATE MUNI FUND INC.
(b)	Address of issuer's principal executive offices: 620 EIGHTH AVENUE, 47TH FLOOR, NEW YORK, NY 10018
Item 2.
(a)	Name of person filing: RiverNorth Capital Management, LLC
(b)	Address or principal business office or, if none, residence: 360 S. Rosemary Avenue, Ste. 1420 West Palm Beach, Florida 33401
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common
(e)	CUSIP No.: 958435109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,399,124
(b)	Percent of class: 9.94 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,399,124
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,399,124
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. One person have the right to receive the proceeds from the sale of the securities reported herein.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Not applicable.
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. Not applicable.
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Not applicable.

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

RIVERNORTH CAPITAL MANAGEMENT, LLC

Signature:	/s/ Marcus Collins
Name/Title:	Marcus Collins, General Counsel and Chief Compliance Officer
Date:	08/14/2025

FAQ

What stake does RiverNorth Capital Management, LLC report in Western Asset Intermediate Muni Fund Inc. (SBI)?

RiverNorth reports beneficial ownership of 1,399,124 shares, equal to 9.94% of the class.

Does RiverNorth have voting control over the shares it reports?

Yes. The filing shows sole voting power and sole dispositive power over the reported shares.

Is the position reported as active or passive in intent?

The filer certifies the securities are held in the ordinary course of business and not held to influence control, consistent with a passive Schedule 13G/A filing.

What type of filer is RiverNorth classified as?

RiverNorth is classified as an investment adviser (IA) and is organized in Delaware.

Does the filing identify any group members or related parties holding the securities?

No. The filing indicates no group and reports no shared voting or dispositive power.