RiverNorth CEFs Propose Reset Distribution Rates for 2025

RiverNorth closed-end funds have declared monthly distributions for January, February, and March 2025. The distribution rates have been proposed for the calendar year 2025, with the payment of distributions subject to board approval. The funds have established the distribution dates and reset distribution rates for the calendar year 2025.

RiverNorth DoubleLine, a leading investment management firm, has recently declared monthly distributions for its closed-end funds (CEFs) for January, February, and March 2025 [1]. The distribution rates, which are subject to board approval, have been proposed for the calendar year 2025.

The CEFs, which include RiverNorth Opportunistic Municipal Income Fund, RiverNorth Managed Duration Municipal Income Fund, RiverNorth Flexible Municipal Income Fund, RiverNorth Flexible Municipal Income Fund II, RiverNorth Managed Duration Municipal Income Fund II, RiverNorth Opportunities Fund, RiverNorth Capital and Income Fund, RiverNorth/DoubleLine Strategic Opportunity Fund, and RiverNorth Specialty Finance Corporation (now RiverNorth Capital and Income Fund), have established distribution dates and reset distribution rates for the year [1].

According to the latest data from MarketScreener, the distribution per share (DPS) and net asset value (NAV) for each fund as of December 31, 2022, are listed in the table below [1]. The annualized current distribution rate at NAV and market price, which represent the yield an investor would receive if the current distribution rate were paid out annually, are also provided.

| Fund Name | Ticker | DPS | NAV | Annualized Current Distribution Rate at NAV | Annualized Current Distribution Rate at Market |
| --- | --- | --- | --- | --- | --- |
| RiverNorth Opportunistic Municipal Income Fund | RMI | $0.0974 | $17.40 | 6.72% | 7.15% |
| RiverNorth Managed Duration Municipal Income Fund | RMM | $0.0911 | $16.26 | 6.72% | 7.59% |
| RiverNorth Flexible Municipal Income Fund | RFM | $0.0985 | $17.61 | 6.71% | 7.54% |
| RiverNorth Flexible Municipal Income Fund II | RFMZ | $0.0865 | $15.48 | 6.71% | 7.67% |
| RiverNorth Managed Duration Municipal Income Fund II | RMMZ | $0.0971 | $17.38 | 6.70% | 7.68% |
| RiverNorth Opportunities Fund | RIV | $0.1278 | $12.27 | 12.50% | 12.49% |
| RiverNorth Capital and Income Fund | RSF | $0.1424 | $17.12 | 9.98% | 10.09% |
| RiverNorth/DoubleLine Strategic Opportunity Fund | OPP | $0.1021 | $9.80 | 12.50% | 14.12% |
| RiverNorth Capital and Income Fund | RSF | $0.1424 | $17.12 | 9.98% | 10.09% |

It is important to note that while monthly distributions from some of these funds are generally expected to be exempt from regular U.S. federal income taxes, portions of these funds' distributions may be subject to U.S. federal income tax, the federal alternative minimum tax, or constitute a return of capital [1]. Investors should carefully review the fund's prospectus and consult with a financial advisor before making any investment decisions.

[1] https://www.marketscreener.com/quote/stock/RIVERNORTH-DOUBLELINE-STR-119073380/news/RiverNorth-Closed-End-Funds-Declare-Monthly-Distributions-42652725/