Rockefeller Capital Management L.P. Buys 51,625 Shares of RiverNorth Opportunistic Municipal Income Fund, Inc. $RMI

Rockefeller Capital Management L.P. grew its stake in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 252.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,050 shares of the company’s stock after purchasing an additional 51,625 shares during the period. Rockefeller Capital Management L.P.’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $1,031,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RMI. Envestnet Asset Management Inc. bought a new stake in shares of RiverNorth Opportunistic Municipal Income Fund in the third quarter valued at about $494,000. Bank of America Corp DE increased its stake in 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. Arlington Capital Management Inc. bought a new position in RiverNorth Opportunistic Municipal Income Fund during the third quarter valued at about $253,000. Janney Montgomery Scott LLC bought a new position in RiverNorth Opportunistic Municipal Income Fund during the fourth quarter valued at about $161,000. Finally, Osaic Holdings Inc. raised its holdings in RiverNorth Opportunistic Municipal Income Fund by 20.5% in the 4th quarter. Osaic Holdings Inc. now owns 34,764 shares of the company’s stock valued at $497,000 after acquiring an additional 5,917 shares in the last quarter.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

Shares of RMI stock opened at $15.62 on Friday. The stock has a 50 day moving average of $15.30 and a two-hundred day moving average of $15.13. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 12 month low of $13.71 and a 12 month high of $16.36.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.0889 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Wednesday, July 15th.

About RiverNorth Opportunistic Municipal Income Fund

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.