Company overview
Understand the business
RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) is a U.S.-domiciled closed-end investment fund. It invests opportunistically in municipal bonds and municipal funds to seek federally tax-exempt income and total return. Changes in bond prices, fund discounts and financing costs can affect its results.
Primary earnings measures
Reported fund net investment income per common share, with its exact reporting period, is the core income measure shown here. Realized gains, unrealized changes and distributions are separate measures.
How the company supports its distribution
Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.