4/A: RiverNorth Opportunistic Municipal Income Fund Director Amends Filing to Clarify Stock Purchases

Patrick W. Galley, a director and officer of RiverNorth Opportunistic Municipal Income Fund, Inc., amended a previous filing to clarify the transaction code for recent common stock acquisitions made through a trust account.

Summary

• Patrick W. Galley, a director and officer of RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI), filed an amendment to a Form 4.
• The amendment clarifies that the transactions listed in Table I, specifically the purchases of common stock, were acquisitions (code A) rather than disposals.
• The purchases were made on April 8, 2025, through a trust account.
• The amended filing includes purchases of 200 shares at $14, 100 shares at $14.02, 1,100 shares at $14.03, and 2,000 shares at $14.05.
• Following these transactions, the trust account beneficially owns 3,400 shares of RMI common stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard insider trading activity. The amendment suggests a correction, which is neutral to slightly positive as it ensures accuracy.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Key Dates

Keywords

Form 4, Amendment, Beneficial Ownership, RiverNorth Opportunistic Municipal Income Fund, RMI, Patrick W. Galley, Stock Acquisition, Trust Account