15.94000 USD
0.01
0.06%
Last update Dec 11, 9:30 AM EST
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RiverNorth Opportunistic Municipal Income Fun...
15.94
0.01
0.06%

Overview

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Description

RiverNorth Opportunistic Municipal Income Fund, Inc. is a closed‑end investment company focused on generating tax‑advantaged income from the U.S. municipal bond market, with a secondary objective of total return. The fund employs a hybrid approach that combines municipal bond selection with tactical allocations to municipal closed‑end funds, seeking to capitalize on discounts, market dislocations, and relative value opportunities within the muni ecosystem. Portfolio risks reflect municipal credit fundamentals and interest‑rate sensitivity typical of fixed income, alongside structural risks from the use of leverage common in closed‑end strategies. The vehicle targets federally tax‑exempt income, though portions may be subject to state, local, or alternative minimum tax depending on investor circumstances. By blending direct municipal exposure with opportunistic trading in closed‑end funds, RiverNorth Opportunistic Municipal Income Fund, Inc. plays a niche role in income‑oriented allocations, aiming to enhance after‑tax yield while navigating liquidity and pricing dynamics unique to the municipal closed‑end fund market. Standardized performance reporting for the open‑end share class indicates a long‑term, income‑centric profile with fluctuating returns consistent with municipal market cycles.

About

CEO
Employees
0
Address
433 West Van Buren Street
Suite 1100-E
Chicago, 60607, IL
United States
Phone
312-832-1440
Website
Instrument type
Closed-end fund
Sector
Financial Services
Industry
Asset Management
Country
United States
MIC code
XNAS
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