RiverNorth Opportunistic Municipal Income Fund, Inc. Common Stock (RMI)
Frequently Asked Questions About RiverNorth Opportunistic Municipal Income Fund, Inc. Common Stock (RMI)
Are there any fees associated with investing in RMI?
Yes, there are fees associated with investing in RiverNorth Opportunistic Municipal Income Fund, Inc. These may include management fees, performance fees, and other operating expenses that are detailed in the fund's prospectus. Investors should carefully review these costs as they can impact overall investment returns.
Can RMI be held in tax-advantaged accounts?
Yes, RiverNorth Opportunistic Municipal Income Fund, Inc. can be held in tax-advantaged accounts such as IRAs or 401(k) plans. However, it's essential for investors to consider the implications of tax-exempt income when holding municipal securities within these accounts, as the benefits may differ compared to taxable investment accounts.
Does RMI have a redemption policy?
As a closed-end fund, RiverNorth Opportunistic Municipal Income Fund, Inc. does not have a standard redemption policy like open-end mutual funds. Investors buy and sell shares on the exchange, and any liquidity needs would be met through the open market. It's important for investors to understand the secondary market dynamics when considering their investment.
How can investors purchase shares of RMI?
Investors can purchase shares of RiverNorth Opportunistic Municipal Income Fund, Inc. on the NYSE under the ticker symbol 'RMI'. Shares can be bought through brokerage accounts similar to purchasing stock in any publicly traded company. It is advisable for investors to consult with financial advisors to understand the suitability of the investment for their individual portfolios.
How does RMI compare to other municipal bond funds?
RiverNorth Opportunistic Municipal Income Fund, Inc. may differ from other municipal bond funds in terms of its investment strategy, yield potential, and risk profile. While many municipal funds focus on a buy-and-hold strategy, RMI's opportunistic approach involves active management and potentially higher risk for the sake of enhanced returns. Investors should compare performance metrics, fees, and investment philosophies when evaluating options.
How does the fund handle market volatility?
RiverNorth Opportunistic Municipal Income Fund, Inc. employs risk management strategies to navigate market volatility. This may involve adjustments in the portfolio's composition, utilizing hedging techniques, and actively monitoring macroeconomic indicators to mitigate risks associated with interest rate fluctuations and credit events.
Is RMI a good investment for tax-exempt income?
RMI is often considered a suitable investment for those seeking tax-exempt income, as the fund primarily invests in municipal bonds that generate interest free from federal taxes. Investors in higher tax brackets may particularly benefit from the fund's tax-efficient income generation, allowing for enhanced real returns.
What are the benefits of investing in RMI?
Investing in RiverNorth Opportunistic Municipal Income Fund, Inc. offers several benefits, including access to tax-exempt income, diversification through a portfolio of municipal securities, and potential price appreciation. The fund's management team seeks to capitalize on market inefficiencies, aiming to enhance returns while minimizing risk for investors.
What are the risks associated with investing in RMI?
Investing in RiverNorth Opportunistic Municipal Income Fund, Inc. involves several risks, including interest rate risk, credit risk, and market risk. Changes in interest rates can impact the value of municipal bonds, while credit risk pertains to the potential for defaults on municipal securities. Investors should carefully assess their risk tolerance and investment objectives before committing capital.
What does RiverNorth Opportunistic Municipal Income Fund, Inc. do?
RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) is a closed-end fund that primarily invests in municipal securities. Its objective is to achieve a high level of current income exempt from federal income tax, with a focus on advantageous investment opportunities in municipal markets. The fund employs a flexible investment strategy that may include buying municipal bonds, debt instruments, and other associated assets to capitalize on market inefficiencies.
What is the dividend distribution policy of RMI?
RiverNorth Opportunistic Municipal Income Fund, Inc. aims to provide regular dividend distributions to its shareholders, typically on a monthly basis. The dividends are derived from the income produced by its portfolio of municipal securities, aligning with the fund's overarching goal of providing a consistent income stream to investors.
What is the fund's average duration?
The average duration of RiverNorth Opportunistic Municipal Income Fund, Inc. may vary over time based on the composition of its portfolio and market conditions. Duration is an important measure as it indicates the sensitivity of the fund's bond holdings to changes in interest rates. Investors can refer to the latest fund reports for current duration statistics.
What is the investment strategy of RiverNorth?
The investment strategy of RiverNorth Opportunistic Municipal Income Fund, Inc. involves a dynamic approach to identifying opportunities in municipal markets, with a focus on both high-quality bonds and opportunistically undervalued securities. The fund may utilize leverage as part of its strategy to enhance income, while maintaining a commitment to risk management and capital preservation.
What is the minimum investment required for RMI?
The minimum investment required to purchase shares of RiverNorth Opportunistic Municipal Income Fund, Inc. is determined by the share price set on the NYSE and is influenced by market conditions. Generally, investors can start buying shares with as little as the price of one share, but specific brokerage policies may impose different minimum purchase amounts.
What is the performance history of RMI?
The performance history of RiverNorth Opportunistic Municipal Income Fund, Inc. can vary over time depending on market conditions and management strategies. Investors can review historical returns, which are available on the fund's official website and through financial reporting services, to evaluate the fund's performance relative to benchmarks and industry peers.
What types of securities does RiverNorth invest in?
RiverNorth primarily invests in tax-exempt municipal bonds, focusing on high-yield opportunities that may not be widely recognized in the market. The fund also ventures into other related securities that are issued by state and local governments across the United States, seeking to balance risk and yield effectively.
When was RiverNorth Opportunistic Municipal Income Fund, Inc. established?
RiverNorth Opportunistic Municipal Income Fund, Inc. was established in 2012. Since its inception, the fund has aimed to provide investors with income generation through strategic investments in various municipal securities while managing associated risks.
Where can I find more information about RMI?
Additional information about RiverNorth Opportunistic Municipal Income Fund, Inc. can be found on its official website, where investors can access the latest shareholder reports, fact sheets, and performance metrics. Financial news platforms and investment research websites can also provide insights and updates regarding RMI's performance and market position.
Who manages RiverNorth Opportunistic Municipal Income Fund, Inc.?
RiverNorth Opportunistic Municipal Income Fund, Inc. is managed by RiverNorth Capital Management, LLC, an investment advisory firm that specializes in closed-end fund strategies. The management team brings together extensive experience in municipal securities and investment strategies aimed at delivering value to investors.
What is the current price of RiverNorth Opportunistic Municipal Income Fund, Inc. Common Stock?
The current price of RiverNorth Opportunistic Municipal Income Fund, Inc. Common Stock is 13.77
When was RiverNorth Opportunistic Municipal Income Fund, Inc. Common Stock last traded?
The last trade of RiverNorth Opportunistic Municipal Income Fund, Inc. Common Stock was at 1:08 pm EDT on April 11th, 2025