SeekingAlpha · Nov 18, 2025
RM
NYSE · RMI
RiverNorth Opportunistic Municipal Income Fund, Inc.
Financial Services · Financial - Conglomerates
$14.05
Up+$0.03 (+0.21%)
Updated Nov 5, 2026, 7:04 AM
SID Score
3.7/10
Composite research score
Smart Money
—
Institutional and insider signal
- Market cap
- 93.51M
- P/E ratio
- -23.43
- Dividend yield
- 8.80%
- 52-week range
- $13.11 – $16.25
- Volume
- 18.21K
- Avg. volume
- 29.03K
Price performance · RMI
RMI price history
1M range · 21 trading sessions · Daily adjusted prices
Prices through Nov 4, 2026
RMI closed at $14.05 after 21 trading sessions, up 2.78% for the selected period.
- Last close
- $14.05
- Period change
- +2.78%
- Period low
- $13.42
- Period high
- $14.21
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Nov 4, 2026 | $14.06 | $14.085 | $13.95 | $14.05 | 18.21K |
| Nov 3, 2026 | $14.14 | $14.14 | $14.015 | $14.02 | 11.85K |
| Nov 2, 2026 | $14.17 | $14.21 | $13.99 | $14.21 | 7.64K |
| Oct 30, 2026 | $14.13 | $14.23 | $13.89 | $14.17 | 36.77K |
| Oct 29, 2026 | $13.91 | $13.96 | $13.87 | $13.94 | 5.46K |
| Oct 28, 2026 | $13.88 | $13.88 | $13.74 | $13.76 | 12.53K |
| Oct 27, 2026 | $13.70 | $13.83 | $13.69 | $13.81 | 13.22K |
| Oct 26, 2026 | $13.61 | $13.682 | $13.5601 | $13.67 | 24.96K |
| Oct 23, 2026 | $13.78 | $13.78 | $13.48 | $13.585 | 6.98K |
| Oct 22, 2026 | $13.65 | $13.79 | $13.63 | $13.76 | 18.64K |
| Oct 21, 2026 | $13.69 | $13.71 | $13.665 | $13.67 | 18.26K |
| Oct 20, 2026 | $13.64 | $13.80 | $13.64 | $13.75 | 10.73K |
| Oct 19, 2026 | $13.65 | $13.88 | $13.45 | $13.60 | 44.87K |
| Oct 16, 2026 | $13.81 | $13.81 | $13.65 | $13.69 | 11.46K |
| Oct 15, 2026 | $13.42 | $13.70 | $13.41 | $13.67 | 39.94K |
| Oct 14, 2026 | $13.63 | $13.68 | $13.34 | $13.42 | 25.22K |
| Oct 13, 2026 | $13.60 | $13.7774 | $13.5715 | $13.64 | 18.55K |
| Oct 12, 2026 | $13.69 | $14.1099 | $13.63 | $13.67 | 18.46K |
| Oct 9, 2026 | $13.6353 | $14.015 | $13.5468 | $13.71 | 17.64K |
| Oct 8, 2026 | $13.68 | $13.74 | $13.51 | $13.69 | 24.29K |
| Oct 7, 2026 | $13.75 | $13.82 | $13.59 | $13.67 | 15.71K |
Latest RMI news
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Overview
Company profile and research snapshot.
Company profile
RiverNorth Opportunistic Municipal Income Fund, Inc. is a diversified, closed-end management investment company. Its investment objective is to seek current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.
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seekingalpha.com · Nov 18, 2025
RMI: Impressive Yield But Largely Funded By Return Of Capital
RiverNorth Opportunistic Municipal Income Fund offers a 7%+ yield, but over 60% is return of capital, not true income. RMI's strategy of investing in both municipal bonds and discounted closed-end funds is clever in theory but underwhelms in practice. After adjusting for return of capital, RMI's effective yield is only about 3.1%, lower than alternatives like SHYM or VTEB.
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