RMI - RiverNorth Opportunistic Municipal Income Fund
A closed-end fund run by RiverNorth. Invests in tax-free municipal bonds. Listed on the New York Stock Exchange.
Is anyone targeting this fund?
No - nobody has reported owning 5% or more of this fund.
Is the fund doing anything you need to act on?
Nothing right now.
What this means for you
No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.
Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.
What happened, and when
-
May 21, 2025
The fund said it may sell new shares.
Original document → -
March 31, 2025
The fund said it may sell new shares.
Original document → -
Feb 20, 2025
The fund said it may sell new shares.
Original document → -
Oct 23, 2024
The fund said it may sell new shares.
Original document →
About this fund
- Run by RiverNorth Capital Management, LLC. As of June 30, 2026, from the fund's yearly report. Original document →
- Size: about $103 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- Borrowing: the fund does not borrow. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- Costs: 1.7% a year in management fees; 4.4% a year in total, including interest on borrowed money. Fiscal year ended June 30, 2026. As of June 30, 2026, from the fund's yearly report. Original document →
- Payouts: last fiscal year (ended June 30, 2026) the fund paid $1.10 a share. $0.44 of that was income; $0.66 was your own money back, not income. As of June 30, 2026, from the fund's annual report. Original document →
- Value of holdings per share at the last fiscal year end (June 30, 2026): $16.17. The shares traded at $15.49, about 4.2% below that.
As of June 30, 2026, from the fund's yearly report. Original document →
Over the last two years the gap ranged from 11.3% below to 0.6% above. As of June 30, 2026, from the fund's annual report. Original document → - How the holdings did: up 4.6% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +17%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- How the share price did: the shares returned +17% over the last fiscal year (ended June 30, 2026), counting payouts and the change in the market price. As of June 30, 2026, from the fund's annual report. Original document →
- First reported to the regulator in 2018.
+15%-6%
July 2024June 2026
What the fund holds
Mostly tax-free municipal bonds (66%), the rest shares and cash and short-term holdings. About 98% issued in the U.S.
- BlackRock MuniYield Quality Fund, Inc. - 6.9%
- BlackRock MuniYield Quality Fund III, Inc. - 6.4%
- BlackRock MuniHoldings Fund, Inc. - 6.4%
- Cash and short-term - 5.8%
- Mansfield Tx Indep Sch Dist, Mansfield Independent School District - 5.2%
- Port Auth Of New York & New Jersey Ny, Port Authority of New York & New Jersey - 5.2%
- Clackamas Cnty Or Sch Dist #62c Oregon City, Oregon City School District No 62 - 4.6%
- Kentucky Bond Dev Corp Indl Bldg Revenue, Kentucky Bond Development Corp. - 4.5%
- Polk Cnty Ia, County of Polk IA - 4.1%
- Clark Cnty Nv Wtr Reclamation Dist, Clark County Water Reclamation District - 4.1%
Show all 20
- Georgetown Tx Utility Sys Revenue, City of Georgetown TX Utility System Revenue - 4%
- Denver City & Cnty Co Arpt Revenue, City & County of Denver Co. Airport System Revenue - 4%
- Oklahoma City Ok Arpt Trust, Oklahoma City Airport Trust - 4%
- Triborough Ny Bridge & Tunnel Auth Revenues, Triborough Bridge & Tunnel Authority - 3.7%
- Ishares National Muni Bond Etf - 3.4%
- Michigan St Trunk Line, State of Michigan Trunk Line Revenue - 3.2%
- Denver City & Cnty Co Sch Dist #1, Denver City & County School District No 1 - 3.2%
- New Hope Cultural Edu Facs Fin Corp Tx Hosp Revenue, New Hope Cultural Education Facilities Finance Corp. - 3.2%
- Tarrant Cnty Tx Cultural Edu Facs Fin Corp Revenue, Tarrant County Cultural Education Facilities Finance Corp. - 3.1%
- Sthrn California St Public Pwr Auth Sthrn Transmission Syste, Southern California Public Power Authority - 3.1%
As of June 30, 2026, from the fund's quarterly holdings report. Original document →
Details: all notices, events and fund facts
No notices from large investors on file.
| Date | What | Deadline | Document |
|---|---|---|---|
| May 21, 2025 | May sell new shares | none | Original document → |
| March 31, 2025 | May sell new shares | none | Original document → |
| Feb 20, 2025 | May sell new shares | none | Original document → |
| Oct 23, 2024 | May sell new shares | none | Original document → |
- Run by
- RiverNorth Capital Management, LLC
- Fund family
- RiverNorth
- Exchange
- New York Stock Exchange
- Regulator's file number
- 811-23366
- Auditor
- COHEN & CO., LTD.
- Fiscal year end
- June 30, 2026
- Number of holdings
- 100
- Preferred share classes
- none
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