IPO - RiverNorth Opportunistic Municipal Income Fund, Inc.

Form Type: 424B5

Filing Date: 2025-05-21

Corporate Action: Ipo

Type: New

Accession Number: 000139834425009950

Filing Summary: RiverNorth Opportunistic Municipal Income Fund, Inc. has entered into a distribution agreement on May 20, 2025, with ALPS Distributors, Inc. to offer up to 4,000,000 shares of its common stock. The Fund aims to sell shares at no less than the current net asset value (NAV) associated with its shares, which was reported at $15.64 as of April 28, 2025, with a last sale price of $14.23 per share on the NYSE. The Fund utilizes a level distribution policy to provide consistent monthly distributions based on its NAV, targeted at 6.75%. The price for any shares sold might vary but will not be below the established minimum price, which includes a commission for the Distributor and may also involve sub-placement agreements with other dealers. The Fund’s investment strategy focuses heavily on municipal bonds, aiming for income that is exempt from U.S. federal income tax. There are certain risks associated with investments in the Fund, including potential losses and the variability of its distributions dependent on various market and operational conditions.