Trade Summary
2 months ago, Rivernorth Financial Holdings, LLC, serving as Affiliate of the Adviser at Rivernorth Opportunistic Municipal Income Fund, Inc. (RMI), purchased 4,138 shares at $14.74 per share, for a total transaction value of $60,994.00. Following this transaction, Rivernorth Financial Holdings, LLC now holds 6,281 shares of RMI.
This purchase represents a 193.00% increase in Rivernorth Financial Holdings, LLC's stake in the company. This is considered a high-conviction trade given the significant change in ownership.
The trade was executed on Wednesday, October 15, 2025 and publicly disclosed via SEC Form 4 filing on Thursday, October 16, 2025, 1 day after the trade was made.
Rivernorth Opportunistic Municipal Income Fund, Inc. operates in the FINANCIAL SERVICES sector, specifically within the ASSET MANAGEMENT industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.