Form 4: RiverNorth Opportunistic Municipal Income Fund Director Patrick W. Galley Reports Stock Purchases

Patrick W. Galley, a Director and President of RiverNorth Opportunistic Municipal Income Fund, Inc., reported the acquisition of common stock through a trust account on April 9, 2025.

Summary

• On April 9, 2025, Patrick W. Galley, a Director and President of RiverNorth Opportunistic Municipal Income Fund, Inc. [RMI], acquired shares of common stock through a trust account.
• The transactions involved multiple purchases at prices ranging from $14.11 to $14.1537 per share.
• A total of 1,600 shares were purchased, increasing the indirect beneficial ownership to 3,600 shares held in a trust account.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of insider trading activity. The purchase itself could be seen as slightly positive, but the document is primarily informational.

Positives

• The director's purchase of shares could be interpreted as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This is a standard SEC Form 4 filing, which is required when a company insider (such as a director or officer) buys or sells shares in their own company. It provides transparency to the market about insider transactions.

Stakeholder Impact

• The director's stock purchase may have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

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