Rivernorth Opportunistic Municipal Income Fund, Inc. Declares Year-End Long-Term Capital Gain Distribution, Payable on December 31, 2020
December 05, 2020 at 03:50 am IST
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RiverNorth Opportunistic Municipal Income Fund, Inc. declared year-end Long-Term Capital Gain Distribution Per Share of $0.31355 payable on December 31, 2020. Record Date is December 17, 2020 and Ex Date is December 16, 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.