Rivernorth Opportunistic Municipal Income Fund, Inc. Declares Monthly Distributions of $0.0917 Per Share

CHICAGO--(BUSINESS WIRE)--RiverNorth Opportunistic Municipal Income Fund, Inc. (the “Fund”) (NYSE: RMI) announced the declaration of monthly distributions of $0.0917 per common share for the months of October, November and December 2019, payable on the dates noted below. In accordance with the level distribution policy, the rate has been set equal to 5.50% based on the Fund’s initial public offering price of $20.00 per share (as of market close on October 26, 2018). Based on the Fund’s current net asset value (NAV) per share of $23.12 (as of market close September 27, 2019), the distributions represent an annualized distribution rate of 4.76%.