Insider Buying: RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) Insider Acquires $57,026.27 in Stock

Posted by Nicole Kennedy on Dec 26th, 2025

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) insider Financial Holdings Rivernorth bought 3,941 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were purchased at an average cost of $14.47 per share, for a total transaction of $57,026.27. Following the acquisition, the insider owned 84,454 shares of the company’s stock, valued at $1,222,049.38. This represents a 4.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Financial Holdings Rivernorth also recently made the following trade(s):

On Thursday, December 18th, Financial Holdings Rivernorth purchased 5,058 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average cost of $14.46 per share, with a total value of $73,138.68.
On Monday, November 24th, Financial Holdings Rivernorth acquired 5,558 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was purchased at an average cost of $14.48 per share, for a total transaction of $80,479.84.
On Monday, November 17th, Financial Holdings Rivernorth acquired 6,642 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was purchased at an average price of $14.54 per share, with a total value of $96,574.68.
On Friday, November 14th, Financial Holdings Rivernorth bought 7,045 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average cost of $14.50 per share, with a total value of $102,152.50.
On Thursday, November 13th, Financial Holdings Rivernorth bought 3,664 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average cost of $14.60 per share, for a total transaction of $53,494.40.
On Tuesday, November 11th, Financial Holdings Rivernorth purchased 1,657 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was acquired at an average price of $14.65 per share, for a total transaction of $24,275.05.
On Monday, November 10th, Financial Holdings Rivernorth purchased 1,301 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was acquired at an average cost of $14.54 per share, with a total value of $18,916.54.
On Friday, November 7th, Financial Holdings Rivernorth acquired 6,857 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were acquired at an average price of $14.51 per share, with a total value of $99,495.07.
On Wednesday, November 5th, Financial Holdings Rivernorth acquired 1,226 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was acquired at an average cost of $14.67 per share, for a total transaction of $17,985.42.
On Tuesday, November 4th, Financial Holdings Rivernorth bought 6,857 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were acquired at an average cost of $14.69 per share, with a total value of $100,729.33.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

Shares of NYSE:RMI opened at $14.32 on Friday. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 1-year low of $13.63 and a 1-year high of $15.84. The company has a 50 day moving average price of $14.54 and a 200 day moving average price of $14.35.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.0945 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 7.9%.

Hedge Funds Weigh In On RiverNorth Opportunistic Municipal Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of RMI. UBS Group AG raised its holdings in RiverNorth Opportunistic Municipal Income Fund by 2.8% during the 3rd quarter. UBS Group AG now owns 161,653 shares of the company’s stock worth $2,363,000 after buying an additional 4,472 shares during the period. Bank of America Corp DE raised its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 176.7% during the third quarter. Bank of America Corp DE now owns 45,533 shares of the company’s stock valued at $666,000 after acquiring an additional 29,076 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of RiverNorth Opportunistic Municipal Income Fund in the 3rd quarter valued at approximately $494,000. Concurrent Investment Advisors LLC lifted its position in shares of RiverNorth Opportunistic Municipal Income Fund by 25.9% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 33,470 shares of the company’s stock valued at $489,000 after acquiring an additional 6,875 shares in the last quarter. Finally, Plancorp LLC acquired a new position in RiverNorth Opportunistic Municipal Income Fund in the 3rd quarter worth approximately $308,000.

RiverNorth Opportunistic Municipal Income Fund Company Profile

(Get Free Report)

RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) is a closed-end management investment company that seeks to deliver tax-exempt income through diversified exposure to U.S. municipal securities. The fund is structured as a non-diversified, interval fund and primarily caters to investors pursuing high-quality, tax-advantaged income from state and local government obligations.

RMI employs an opportunistic, value-oriented investment process, focusing on both traditional investment-grade bonds and specialized niches within the municipal market.