RiverNorth Opportunistic Municipal Income Fund, Inc.

RiverNorth Opportunistic Municipal Income Fund, Inc.verified

RMI

Price:

$16.1475

Market Cap:

$102.93M

RiverNorth Opportunistic Municipal Income Fund, Inc. operates as Closed-End Investment Fund/Investment Trust. It specializes in opportunistic investment strategies in niche markets. The firm operates as investment manager to registered funds, private funds and separately managed accounts. The company is headquartered in West Palm Beach, FL.[Read more]

Industry

Financial - Conglomerates

IPO Date

2018-10-26

Stock Exchange

NYSE

Ticker

RMI

The ROE as of September 2024 (TTM) for RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) is 7.22%

According to RiverNorth Opportunistic Municipal Income Fund, Inc.’s latest financial reports and current stock price. The company's current ROE is 7.22%. This represents a change of 170.02% compared to the average of 2.67% of the last 4 quarters.

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) Historical ROE (quarterly & annually)

How has RMI ROE performed in the past?

The mean historical ROE of RiverNorth Opportunistic Municipal Income Fund, Inc. over the last ten years is 3.11%. The current 7.22% ROE has changed 132.02% with respect to the historical average. Over the past ten years (40 quarters), RMI's ROE was at its highest in in the June 2019 quarter at 33.59%. The ROE was at its lowest in in the June 2022 quarter at -24.63%.

Quarterly (TTM)
Annual

Average

3.11%

Median

5.34%

Minimum

-23.81%

Maximum

14.87%

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) ROE by Quarter and Year

Discovering the peaks and valleys of RiverNorth Opportunistic Municipal Income Fund, Inc. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 354.60%

Maximum Annual ROE = 14.87%

Minimum Annual Increase = -271.57%

Minimum Annual ROE = -23.81%

Quarterly (TTM)
Annual
YearROEChange
20247.21%107.44%
20233.48%-114.60%
2022-23.81%-271.57%
202113.88%354.60%
20203.05%-79.46%

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) Average ROE

How has RMI ROE performed in the past?

The current ROE of RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

-4.38%

5-year avg

0.76%

10-year avg

3.11%

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) ROE vs. Peers

How is RMI’s ROE compared to its peers?

RiverNorth Opportunistic Municipal Income Fund, Inc.’s ROE is less than MFS Investment Grade Municipal Trust (3.44%), greater than Nuveen Preferred and Income Fund (-19.45%), less than Rivernorth Managed Duration Municipal Income Fund Inc. (7.82%), less than BlackRock MuniHoldings New York Quality Fund, Inc. (3.45%), less than Virtus Convertible & Income 2024 Target Term Fund (21.86%), less than Invesco High Income 2024 Target Term Fund (25.55%), less than Eaton Vance National Municipal Opportunities Trust (11.25%), less than Federated Hermes Premier Municipal Income Fund (3.80%), less than Nuveen California Select Tax-Free Income Portfolio (17.40%),

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