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RiverNorth Opportunistic Municipal Income Fund Announces $6.1M Share Purchase by RiverNorth Financial Holdings.
ByAinvest
Thursday, Oct 16, 2025 6:27 pm ET1min read
RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) has recently disclosed that RiverNorth Financial Holdings, LLC has acquired 4,138 shares of the company at a price of $14.74 per share on October 15, 2025.
RiverNorth Financial Holdings, LLC, a 10% owner and director of RiverNorth Opportunistic Municipal Income Fund (RMI), has recently acquired an additional 4,138 shares of the fund, according to a TradingView report . The transaction took place on October 15, 2025, with each share purchased at a price of $14.74. This latest acquisition follows a prior purchase of 2,143 shares on October 13 and 14, 2025, at prices of $14.6534 and $14.6823 per share, respectively, amounting to a total purchase amount of $31,438.The total number of shares now owned by RiverNorth Financial Holdings, LLC in RMI is 6,281, making it a significant stakeholder in the fund. The acquisitions are part of the company's strategic approach to invest in municipal income opportunities, aligning with its mission to generate consistent, risk-adjusted returns for its investors.
RiverNorth Financial Holdings, LLC has filed the necessary SEC Form 4 to disclose these transactions, ensuring transparency and compliance with regulatory requirements.
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