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RMI · RiverNorth Opportunistic Municipal Income Fund, Inc.

Know the company

Company overview

RiverNorth Opportunistic Municipal Income Fund owns municipal bonds and municipal funds, looking for both tax-exempt income and opportunities created by fund discounts. The bond and fund layers can respond differently to rate moves.

Business: Municipal income CEF
Listing: RMI · New York Stock Exchange
Reporting period: 2026-06-30
Dividend schedule: Monthly

How the business works

Municipal interest and cash from underlying funds become net investment income after expenses and financing. Bond prices, fund discounts and tax treatment affect the wider result separately.

RiverNorth Opportunistic Municipal Income Fund, Inc.: financial report supporting reported earnings

Dividend & earnings snapshot

Dividend payments

Per common share

$0.0889Reviewed declaration · Payment Sep 30, 2026

Regular dividend

Announced Jul 1, 2026

Dates and company reports

Announcement: Jul 1, 2026
Declaration: Jul 1, 2026
Ex-dividend: Sep 15, 2026
Record: Sep 15, 2026
Payment: Sep 30, 2026

Dividend declaration for payment Sep 30, 2026 · www.businesswire.com · Announced Jul 1, 2026

Extras are shown separately and are not assumed to repeat.

Reported earnings

Each measure shown separately, per share

Net investment income$0.34

Jul 1, 2025 to Jun 30, 2026

Distribution yield7.32%Sourced distributions divided by dated market price

Trailing 12-month income yield2.54%Net investment income for Jul 1, 2025 to Jun 30, 2026, divided by market price $13.3900 on Sep 29, 2026. Historical income; not a forecast.

Reported annual investment income$0.34Per share for 2026 FY. Excludes investment gains.

Annual dividend$1.07Current regular payment annualized per share

Dividend payment history

Date or month	Per share
Sep 30, 2026	$0.0889

Reported earnings and sources

Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.

Reporting period	Per share	Source
Jul 1, 2025 to Jun 30, 2026	$0.34	SEC Announced Sep 4, 2026

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
Jul 1, 2025 to Jun 30, 2026	$16.17	+4.59%	$1.10	+12.58%	RMI SEC financial highlights for 2026-06-30. Exact fiscal-period distributions include all cash components; partial periods are not annualized. Original archived SEC URL retained for provenance: https://www.sec.gov/Archives/edgar/data/0001746967/000139834426016682/fp0099485-1_ncsrixbrl.htm.
Jul 1, 2024 to Jun 30, 2025	$15.46	-10.27%	$1.15	-3.40%	RMI SEC financial highlights for 2026-06-30. Exact fiscal-period distributions include all cash components; partial periods are not annualized. Original archived SEC URL retained for provenance: https://www.sec.gov/Archives/edgar/data/0001746967/000139834426016682/fp0099485-1_ncsrixbrl.htm.

View older history (up to 7 years)

Reporting period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
Jul 1, 2023 to Jun 30, 2024	$17.23	+0.47%	$1.16	+8.22%	RMI SEC financial highlights for 2026-06-30. Exact fiscal-period distributions include all cash components; partial periods are not annualized. Original archived SEC URL retained for provenance: https://www.sec.gov/Archives/edgar/data/0001746967/000139834426016682/fp0099485-1_ncsrixbrl.htm.
Jul 1, 2022 to Jun 30, 2023	$17.15	-3.49%	$1.21	+3.67%	RMI SEC financial highlights for 2026-06-30. Exact fiscal-period distributions include all cash components; partial periods are not annualized. Original archived SEC URL retained for provenance: https://www.sec.gov/Archives/edgar/data/0001746967/000139834426016682/fp0099485-1_ncsrixbrl.htm.
Jul 1, 2021 to Jun 30, 2022	$17.77	-27.05%	$2.36	-18.61%	RMI own SEC Financial Highlights five-year common-share row, saved SHA256 d2e13c76e68f17d74c67e2a19e3f015b3305dd3d1dfb4ae14c8a901b3065f6eb. Total cash includes all common distribution components, not only NII-funded cash. NAV total return is the company's signed fiscal figure. The canonical unpadded CIK source is https://www.sec.gov/Archives/edgar/data/1746967/000139834426016682/fp0099485-1_ncsrixbrl.htm; the original zero-padded SEC URL spelling is retained here until a separately guarded source-only normalization. The company fiscal market value is not asserted to be an exchange close. Original archived SEC URL retained for provenance: https://www.sec.gov/Archives/edgar/data/0001746967/000139834426016682/fp0099485-1_ncsrixbrl.htm. The filing also reports $17.50 as the common-share fiscal market value. This is an reported period observation, not a recovered exchange close; no exact or nearby raw close was available in the saved archive.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

How to read RMI income

Bond interest after expenses supports recurring income. Compare the amount available to common shareholders with distributions for the same period.

Watch borrowing costs, bond quality and NAV. Tax treatment depends on the bonds, distribution components and your circumstances.

Income and distributions

Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Bond interest after expenses supports recurring income. Compare the amount available to common shareholders with distributions for the same period.

Reporting period	Net investment income/share	Total distributions/share	Income coverage
2025-07-01 to 2026-06-30	$0.34	$1.10	30.9%
2024-07-01 to 2025-06-30	$0.35	$1.15	30.4%

View older history (up to 7 years)

Reporting period	Net investment income/share	Total distributions/share	Income coverage
2023-07-01 to 2024-06-30	$0.23	$1.16	19.8%
2022-07-01 to 2023-06-30	$0.43	$1.21	35.5%
2021-07-01 to 2022-06-30	$0.65	$2.36	27.5%

The assets behind the earnings

How RMI makes money

Financial snapshot: 2026-06-30. Research reviewed 2026-09-18. Compare results for the reporting periods shown. Historical results are not a forecast.

The assets it owns

$96.766 million net assets73 holdings · As of 6/30/2026

Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.

A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.

RiverNorth Opportunistic Municipal Income Fund, Inc.: net assets and portfolio information, checked 2026-09-11

Reported earnings and distributions

2025-07-01 through 2026-06-30 · $ per share

Fund net investment income per common share; actual reporting period, not annualized$0.3400

For the year ended June 30, 2026, RMI reported $0.34 of net investment income and $1.10 of distributions per share. Net asset value rose from $15.46 to $16.17. Income provided part of the cash, while the higher ending value adds context without proving every dollar came from recurring interest.

RiverNorth Opportunistic Municipal Income Fund, Inc.: financial report supporting reported earnings

The income-producing business

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.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

RiverNorth Opportunistic Municipal Income Fund, Inc.: financial report supporting reported earnings

Financing can amplify income and losses

The portfolio information checked September 11, 2026 reports effective leverage of 40.86%.

Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.

RiverNorth Opportunistic Municipal Income Fund, Inc.: net assets and portfolio information, checked 2026-09-11

What the reported earnings support

RiverNorth Opportunistic Municipal Income Fund, Inc. reported $0.3400 per share for 2025-07-01 through 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

RiverNorth Opportunistic Municipal Income Fund, Inc.: financial report supporting reported earnings

Portfolio risk

Losses or weaker cash generation in municipal debt and municipal closed-end funds can reduce the resources available for future distributions.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

RiverNorth Opportunistic Municipal Income Fund, Inc.: financial report supporting reported earnings

Distribution sustainability

A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

RiverNorth Opportunistic Municipal Income Fund, Inc.: financial report supporting reported earnings

What would change the earnings picture?

Read the next full-year income and payment figures with municipal credit, discounts, financing costs and net asset value.

Net asset value (NAV)

NAV per share$14.26Sep 29, 2026

Market price$13.39Sep 29, 2026

PREMIUM / DISCOUNT TO NAV6.10% discountCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Fly High context

Read the next full-year income and payment figures with municipal credit, discounts, financing costs and net asset value.

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U.S. federal · Tax year 2025

Dividend tax treatment

RiverNorth classified the fund's 2025 calendar-year distributions as shown. The mix can change each year.

This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.

Total ordinary dividends: 5.31%
Qualified dividends: Not confirmed
Capital-gain distributions: 0%
Return of capital: 74.34%
Federal tax-exempt interest: 20.35%

Tax year: 2025. Total distributions: $1.13 per share.

Tax details and source

Total ordinary dividends (includes qualified): 5.31%
Section 199A portion (within ordinary dividends): Not confirmed
Exempt-interest distributions: 20.35%
Reporting form: Form 1099-DIV
Source date: Not stated

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

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