RMI News and Press, RiverNorth Opportunistic Municipal Income Fund Inc. From 06/23/21

Palm Beach, FL – June 23, 2021 – Although many investors look at the metals market of being solely populated by silver and gold. Copper should also be in their sights. Its uses are more than what the average person assumes. Copper was one of the first metals ever extracte...

RiverNorth has been busy in the last few years offering new funds; RFMZ is the latest effort they've brought to market. This one is another similar hybrid municipal bond fund approach to the others that we have been touching on. RFMZ launched on just 2/24/2021, so we don't have a ...

Muni CEF discounts are closing by the day. I believe they will reach a premium in the next few months (perhaps sooner). We have remained steadfastly bullish on tax-free munis, especially high-yield munis in 2021, for numerous reasons. Our view is that rates have made the bulk of t...

RFM is the third fund that we've covered that is similar to RMI and RMM. This fund also utilizes the hybrid approach between CEF holdings and individual muni holdings. This fund launched at a great time, March 27th, 2020 - they were able to take advantage of the market declines at...

RMM is another RiverNorth fund that is similar to RMI that we just covered. The strategies are largely the same; however, RMM is meaningfully larger, and the portfolio hedged duration is shorter. Over the last year, RMM has outperformed RMI as well. For further details see: ...

RMI invests some of their portfolio in the muni space through investing in other muni CEFs - a 'fund of funds' approach. Other individual municipal bonds also make up a majority of the fund's holdings. This is a bit of a hybrid approach to investing in the muni space, where the fu...

Palm Beach, FL – May 25, 2021-  Many investors turn to gold during times of global crisis, and that is exactly what has happened this last year, during the pandemic. But experts say that smart investors should be looking at silver. A report from the Silver Institute (in ...

Palm Beach, FL – May 19, 2021-  While most people tend to look at gold during a crisis, smart investors are keeping copper on their radar also. In fact, copper prices increased more than 11 percent during Q1, hitting their highest level since 2011. Demand expectations grew on th...

Palm Beach, FL – May 11, 2021-  The Pandemic has not just harmed humans, it has shred economies around the world, but as each country tries to heal their economy there are unintended results. For instance, in the US, high inflation as a result of large government initiatives...

The question today is, should you avoid CEF IPOs? From the data we have compiled, it seems that the averages come to be quite flat and it largely depends on the circumstances of its launch. One potential way to play this could be buying on day 1 and selling after 1-month of holdin...