# RiverNorth (RMI) — Overview

RMI · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/rmi

## Price

Last close $13.67 on Oct 15, 2026. 52-week range $13.38 – $16.00.

## Company profile

RiverNorth Opportunistic Municipal Income Fund, Inc. is a diversified, closed-end management investment company. Its investment objective is to seek current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.

## Financials

| Metric | Value |
| --- | --- |
| Revenue (trailing twelve months) | $6.6M |
| Revenue (quarter) | $6.6M |
| Revenue growth (year over year) | -11.60% |
| Gross profit (trailing twelve months) | $0.00 |
| Gross margin | 0.00% |
| Net income (trailing twelve months) | $11.5M |
| Net income (quarter) | $11.5M |
| Net income growth (year over year) | 388.26% |
| Net margin | 173.20% |
| Return on equity | 11.41% |
| EPS (trailing twelve months) | $1.81 |
| Book value per share | $16.17 |
| P/E (trailing twelve months) | 7.6 |
| Price to book | 0.8 |
| Debt to assets | 40.37% |
| Payout ratio | 60.96% |
| Dividend yield | 8.58% |

## Frequently Asked Questions

### Is RiverNorth (RMI) profitable?

Yes. RiverNorth earned $11.5M in net income over the trailing twelve months, a net margin of 173.20%.

### How much revenue does RiverNorth (RMI) make?

RiverNorth generated $6.6M in revenue over the trailing twelve months, down 11.60% year over year.

### What is RMI's P/E ratio?

RiverNorth trades at 7.6 times trailing twelve-month earnings, on an EPS of $1.81.

### How do I buy stock in RiverNorth (RMI)?

RMI trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).