Form 4: RiverNorth Opportunistic Municipal Income Fund Portfolio Manager Sells Shares
SEC Form 4 Filing
Scott Sprauer, a Portfolio Manager at RiverNorth Opportunistic Municipal Income Fund, Inc., disposed of 752 shares of common stock on November 4, 2024.
Summary
- On November 4, 2024, Scott Sprauer, a Portfolio Manager at RiverNorth Opportunistic Municipal Income Fund, Inc. [RMI], sold 752 shares of common stock.
- The transaction was executed at a price of $15.91 per share.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a stock sale by a portfolio manager, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of the US market and are required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The sale of shares by a portfolio manager could be perceived negatively by some shareholders, although it may not necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 11/04/2024 | Date of transaction: Scott Sprauer sold 752 shares of RMI common stock. |
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