RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) Position Increased by SteelPeak Wealth LLC

SteelPeak Wealth LLC lifted its stake in shares of RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) by 36.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,250 shares of the company’s stock after purchasing an additional 7,000 shares during the quarter. SteelPeak Wealth LLC’s holdings in RiverNorth Flexible Municipal Income Fund were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Wolverine Asset Management LLC acquired a new position in shares of RiverNorth Flexible Municipal Income Fund during the third quarter worth approximately $770,000.

RiverNorth Flexible Municipal Income Fund Price Performance

NYSEARCA:RFM opened at $15.32 on Friday. The business has a fifty day moving average of $15.40 and a 200-day moving average of $15.78. RiverNorth Flexible Municipal Income Fund, Inc. has a 1 year low of $14.78 and a 1 year high of $16.54.

RiverNorth Flexible Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.094 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.36%.

About RiverNorth Flexible Municipal Income Fund

The RiverNorth Flexible Municipal Income Fund, Inc seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.