Rivernorth Opportunistic Municipal Income Fund, Inc. Announces the Declaration of Monthly Distributions, Payable on April 30, 2020, May 29, 2020 and June 30, 2020, Respectively
April 07, 2020 at 03:00 am IST
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RiverNorth Opportunistic Municipal Income Fund, Inc. announced the declaration of monthly distributions of $0.0917 per common share for the months of April, May and June 2020. Ex-dividend dates are April 15, 2020, May 14, 2020 and June 15, 2020. Record dates are April 16, 2020, May 15, 2020 and June 16, 2020. Payable dates are April 30, 2020, May 29, 2020 and June 30, 2020.
Rivernorth Opportunistic Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fundâs primary investment objective is to seek current income exempt from regular United States federal income taxes. The Fundâs secondary investment objective is total return. The Companyâs investment strategy includes Tactical Municipal Closed-End Fund (CEF) Strategy and Municipal Bond Income Strategy. The Tactical Municipal CEF Strategy typically invests in municipal CEFs and exchange-traded funds (ETFs) and other investment companies. The Municipal Bond Income Strategy primarily invests in municipal bonds of any credit quality, including securities that are rated below investment grade. The Fundâs investment adviser is RiverNorth Capital Management, LLC. The Fundâs sub-adviser is MacKay Shields, LLC.
Rivernorth Opportunistic Municipal Income Fund, Inc. Announces the Declaration of Monthly Distributions, Payable on April 30, 2020, May 29, 2020 and June 30, 2020, Respectively