IPO - RiverNorth Flexible Municipal Income Fund, Inc.

Form Type: 424B5

Filing Date: 2025-05-21

Corporate Action: Ipo

Type: New

Accession Number: 000139834425009952

Filing Summary: RiverNorth Flexible Municipal Income Fund, Inc. has filed a prospectus supplement to offer up to 3,000,000 shares of its common stock, $0.0001 par value per share. The Fund entered into a Distribution Agreement with ALPS Distributors, Inc. to facilitate the sale of shares under this offering. The Fund’s primary investment objective is to provide current income that is exempt from regular U.S. federal income taxes. The shares are listed on the NYSE with the ticker symbol 'RFM.' As of April 28, 2025, the shares were priced at $14.03, while the last reported net asset value (NAV) was $15.50. The minimum sale price will not be less than the NAV plus commission fees. The offering allows for sales through a sub-placement agent, UBS Securities LLC, and the Fund anticipates investing proceeds in accordance with its investment objectives soon after the sale. Investors should be aware of the risks associated with investing in the Fund, including the potential for loss of capital and that distributions may consist of return of capital.