RMM - RFM: A Muni Fund To Consider For Your Tax-Free Income With Upside
(This report was issued to members of Yield Hunting on August 19th. All data herein is from that date.)
RiverNorth Flexible Municipal Income (RFM)
This is a new fund that we are now adding to our Muni Core list of funds. We think this fund offers up some nice after-tax yield [note this terminology given the distribution is partially gains] and the probability of some capital gains. This is the latest fund offering from the Chicago closed-end fund ("CEF") shop, RiverNorth.
The total managed assets of the fund are $216M with the leverage.