Form 4: RiverNorth Opportunistic Municipal Income Fund Director Increases Trust Account Holdings

Patrick W. Galley, a Director and President of RiverNorth Opportunistic Municipal Income Fund, Inc., increased his trust account holdings of common stock through open market purchases.

Summary

• On April 25, 2025, Patrick W. Galley, a Director and President of RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI), acquired 200 shares of common stock at $14.2545 per share and 500 shares of common stock at $14.2962 per share.
• These purchases were made through a trust account.
• Following these transactions, Galley's trust account beneficially owns 2,700 shares of RMI common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider trading activity. It doesn't inherently convey strong positive or negative sentiment, but the purchase itself could be seen as mildly positive.

Positives

• The director's purchase could be interpreted as a positive signal about the company's prospects.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities.

Stakeholder Impact

• Shareholders may view the insider purchase as a positive sign of management's confidence in the company.

Key Dates

Keywords

RiverNorth Opportunistic Municipal Income Fund, RMI, Patrick W. Galley, insider trading, Form 4, beneficial ownership, common stock, trust account, director, president