Wolverine Asset Management LLC Increases Stock Holdings in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI)

Wolverine Asset Management LLC increased its stake in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 223.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,625 shares of the company’s stock after acquiring an additional 26,010 shares during the quarter. Wolverine Asset Management LLC’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $614,000 at the end of the most recent reporting period.

Separately, Robinson Capital Management LLC increased its stake in shares of RiverNorth Opportunistic Municipal Income Fund by 1.5% during the first quarter. Robinson Capital Management LLC now owns 45,757 shares of the company’s stock worth $707,000 after purchasing an additional 676 shares in the last quarter.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

RMI opened at $15.86 on Thursday. RiverNorth Opportunistic Municipal Income Fund, Inc. has a twelve month low of $14.42 and a twelve month high of $16.51. The company has a 50-day moving average price of $16.13 and a 200 day moving average price of $15.99.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.0965 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.30%.

About RiverNorth Opportunistic Municipal Income Fund

The RiverNorth Opportunistic Municipal Income Fund, Inc (the “Fund”) seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.