RMI Profile
Rivernorth Opportunistic Municipal Income Fund (RMI) is a closed-end fund traded on the New York Stock Exchange (NYSE). It was launched in 2014 and is managed by Rivernorth Capital Management LLC.
The fund's objective is to provide current income exempt from regular federal income tax and to provide total return. The fund invests in a diversified portfolio of tax-exempt municipal securities. The securities may be investment-grade or below investment-grade, and may have short or long-term maturities.
As of February 25, 2023, the fund has a market capitalization of approximately $197 million. Its current dividend yield is 4.25% and it has an expense ratio of 1.07%.
It is important to note that investing in closed-end funds like RMI involves risk, such as market risk, interest rate risk, and credit risk. Investors should carefully consider their investment objectives and the risks before investing in RMI or any other closed-end fund.
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