RMM - RMI: Another Muni CEF With Active Management That Is Trading At A Discount
Main Thesis
The purpose of this article is to evaluate the RiverNorth Opportunistic Municipal Income Fund (RMI) as an investment option at its current market price. As my readers know, I continue to favor muni bond exposure in 2020, despite rising valuations due to a strong 2019. I see tax filing season, persistent SALT cap deductions, and rising incomes all as reasons to favor muni bonds throughout the year. While political uncertainty is on tap for 2021, I have a favorable outlook for muni bonds for the next administration if any of the