RiverNorth Opportunistic Municipal Income Fund: RMI announces new purchases by RiverNorth Financial Holdings.

Tuesday, Oct 14, 2025 5:32 pm ET1min read

RiverNorth Opportunistic Municipal Income Fund, Inc. [RMI] recently disclosed that RiverNorth Financial Holdings, LLC executed two transactions on October 13 and October 14, 2025. On October 13, the entity purchased 903 shares at a price of $14.65 per share. Subsequently, on October 14, RiverNorth Financial Holdings, LLC acquired an additional 1240 shares at a price of $14.68 per share.

RiverNorth Opportunities Fund, Inc. (NYSE: RIV) has announced the final results of its transferable rights offering. The fund will issue a total of 5,899,015 new shares of common stock, closing on October 6, 2025. The subscription price per share is $11.95, established at 92.5% of the reported net asset value per share. Gross proceeds received by the fund, before any expenses of the offering, are expected to total approximately $70.5 million RiverNorth Opportunities Fund, Inc. Announces Final Results of Rights Offering[2].

The fund's investment objective is total return consisting of capital appreciation and current income. As of September 30, 2025, the fund had approximately $275.3 million in net assets and 21.5 million shares of common stock outstanding. The fund is a closed-end fund, trading in the secondary market through intermediaries or brokers. Investors should consider the risks involved in investing, including the potential for little or no return or even loss of part or all of their investment RiverNorth Opportunities Fund, Inc. Announces Final Results of Rights Offering[2].

Additionally, RiverNorth Financial Holdings, LLC executed two transactions on October 13 and October 14, 2025. On October 13, the entity purchased 903 shares at $14.65 per share, and on October 14, it acquired an additional 1240 shares at $14.68 per share. These transactions are part of the fund's ongoing strategy to capitalize on market inefficiencies.

Investors are advised to carefully review the fund's prospectus, annual report, and semi-annual report, which contain detailed information about the fund's investment objective, risks, fees, and expenses. The prospectus can be obtained from the fund's website or by calling 844.569.4750.

RiverNorth Opportunistic Municipal Income Fund: RMI announces new purchases by RiverNorth Financial Holdings.

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