MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

RiverNorth Launches Opportunistic Municipal Income Fund With MacKay Municipal Managers (RMI)

TedTed
in Fund Discussions
FYI: RiverNorth Capital Management, LLC (“RiverNorth”), an investment management firm specializing in opportunistic strategies, announced the launch of the RiverNorth Opportunistic Municipal Income Fund, Inc. (the “Fund”), a new municipal bond focused closed-end fund. RiverNorth will act as the investment adviser to the Fund, and MacKay Shields, LLC ("MacKay Shields") will act as subadviser. The Fund was priced at $20.00 per share, and trading on the New York Stock Exchange began on October 26, 2018 under the symbol "RMI.”
Regards,
Ted
https://www.businesswire.com/news/home/20181030006050/en/RiverNorth-Launches-Opportunistic-Municipal-Income-Fund-MacKay

Comments

  • jlev
    For as decently as their mutual funds do. Their closed end funds seem much less impressive
Sign In or Register to comment.