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RiverNorth Closed-End Funds Declare Monthly Distributions
Business Wire (Wed, 1-Oct 5:00 PM ET)
RiverNorth Opportunistic Municipal Income Fund, Inc. is a diversified, closed-end management investment company. Its investment objective is to seek current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.
Rivernorth Opportunistic Municipal Income trades on the NYSE stock market under the symbol RMI.
As of December 26, 2025, RMI stock price was flat at $14.32 with 2 million shares trading.
RMI has a beta of 0.18, meaning it tends to be less sensitive to market movements. RMI has a correlation of 0.07 to the broad based SPY ETF.
RMI has a market cap of $91.28 million. This is considered a Micro Cap stock.
In the last 3 years, RMI traded as high as $19.12 and as low as $13.05.
RMI has underperformed the market in the last year with a price return of +3.8% while the SPY ETF gained +16.0%. RMI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.6% and -1.5%, respectively, while the SPY returned +4.7% and +0.7%, respectively.
RMI support price is $14.17 and resistance is $14.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RMI shares will trade within this expected range on the day.
