Rivernorth Opportunistic Municipal Income Fund, Inc. Declares Monthly Distributions of $0.0917 Per Share
RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI)
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--RiverNorth Opportunistic Municipal Income Fund, Inc. (the “Fund”) (NYSE: RMI) announced the declaration of monthly distributions of $0.0917 per common share for the months of October, November and December 2019, payable on the dates noted below. In accordance with the level distribution policy, the rate has been set equal to 5.50% based on the Fund’s initial public offering price of $20.00 per share (as of market close on October 26, 2018). Based on the Fund’s current net asset value (NAV) per share of $23.12 (as of market close September 27, 2019), the distributions represent an annualized distribution rate of 4.76%.The following dates apply to the distributions declared:Ex DateRecord DatePayable DatePer ShareOctober 16, 2019October 17, 2019October 31, 2019$0.0917November 13, 2019November 14, 2019November 29, 2019$0.0917December 11, 2019December 12, 2019December 31, 2019$0.0917Monthly distributions from the Fund are generally exempt from regular Federal
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Sec Filings
- 11/5/24 - Form 4
- 10/23/24 - Form N-2/A
- 10/1/24 - Form 3
- RMI's page on the SEC website