Rivernorth Opportunistic Municipal Income Fund, Inc. Declares Monthly Distributions for the Months of October, November and December 2019; Payable on October 31, 2019, November 29, 2019 and December 31, 2019 Respectively
October 02, 2019 at 02:12 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 October, November and December 2019. Ex Dates are October 16, 2019, November 13, 2019 and December 11, 2019 respectively, Record Dates are October 17, 2019, November 14, 2019 and December 12, 2019 respectively and Payable Dates are October 31, 2019, November 29, 2019 and December 31, 2019 respectively.
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. Declares Monthly Distributions for the Months of October, November and December 2019; Payable on October 31, 2019, November 29, 2019 and December 31, 2019 Respectively