RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI)
RiverNorth Opportunistic Municipal Income Fund, Inc. operates as a Closed-End Fund or an Investment Trust. The fund primarily focuses on capitalizing on high-potential investment opportunities found within distinct, specialized market sectors. Furthermore, the company extends its services as an investment manager, overseeing publicly registered funds, private investment vehicles, and tailored client portfolios. Its principal place of business is situated in West Palm Beach, Florida.
Industry: Asset Management
RiverNorth Opportunistic Municipal Income Fund, Inc.
NYSE:RMIFinancial Services · Financial - Conglomerates
-1.27%$13.59
AH Close$13.59+0.00%vs close
AH Close$13.59+0.00%vs close
Mkt Cap$86.6M
Float6.15M
O/S6.37M
Inst Own20.7%
SI0.4%
Div Yield7.94%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$8.24M
Net Income$11.51M
Total Assets$172.84M
Free Cash Flow$3.03M
Debt & Equity
Debt 40%
Equity 60%
Total Debt$68.44M
Total Equity$103.06M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in RMI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$172.84M
Liabilities$69.78M
Accounts Receivable$1.69M
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 |
| Revenue | $8.24M | -$536K | $5.81M | $4.5M | -$26.28M | $22.24M | $5.02M | $21.93M |
| YoY Growth | -1638.5% | -109.2% | 29.0% | -117.1% | -218.2% | 342.6% | -77.1% | - |
| Cost of Revenue | $2.25M | $2.27M | $2.33M | $2.44M | $2.67M | $2.71M | $2.8M | $0 |
| Gross Profit | $5.99M | -$2.81M | $3.48M | $2.06M | -$28.95M | $19.53M | $2.22M | $21.93M |
| Gross Margin | 72.7% | 524.5% | 59.9% | 45.8% | 110.1% | 87.8% | 44.2% | 100.0% |
| Research and Development | $0 | $0 | $0 | $1 | -$4 | $1 | $0 | $0 |
| Selling, General, and Administrative | $0 | $1.03M | $658K | $537K | $499K | $512K | $500K | $307K |
| Other | -$7.44M | $155K | $160K | $5.23M | $177K | $184K | $191K | $122K |
| Total Operating Expenses | -$7.44M | $1.18M | $819K | $703K | $677K | $695K | $691K | $429K |
| Operating Income (EBIT) | $13.43M | -$3.99M | $2.66M | $3.8M | -$26.41M | $21.54M | $5.78M | $22.59M |
| Operating Margin | 163.0% | 745.2% | 45.8% | 84.4% | 100.5% | 96.9% | 115.0% | 103.0% |
| Interest Expense | $1.93M | $2.27M | $2.82M | $2.38M | $554K | $459K | $1.44M | $1.09M |
| Interest Income | $6.64M | $4.01M | $3.79M | $5.19M | $4.24M | $3.85M | $3.85M | $2.39M |
| Other Income (Expense) | -$1.93M | -$2.4M | $5.26M | $2.44M | -$554K | $0 | -$1.44M | $0 |
| Income Before Tax (EBT) | $11.51M | -$3.99M | $7.92M | $3.8M | -$26.96M | $21.54M | $4.33M | $21.5M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K |
| Net Income | $11.51M | -$3.99M | $7.92M | $3.8M | -$26.96M | $21.54M | $4.33M | $21.5M |
| Net Income Margin | 139.6% | 745.2% | 136.3% | 84.4% | 102.6% | 96.9% | 86.2% | 98.0% |
| Supplementary Data | ||||||||
| EPS | 1.81 | -0.63 | 1.24 | 0.60 | -4.23 | 3.38 | 0.68 | 3.37 |
| Diluted EPS | 1.81 | -0.63 | 1.24 | 0.60 | -4.23 | 3.38 | 0.68 | 3.37 |
| Weighted Average OS | 6.37M | 6.37M | 6.37M | 6.37M | 6.37M | 6.37M | 6.37M | 6.38M |
| EBITDA | $13.43M | -$3.99M | $10.74M | $6.4M | -$26.17M | $21.54M | $5.95M | $44.25M |
| EBITDA Margin | 163.0% | 745.2% | 184.7% | 142.2% | 99.6% | 96.9% | 118.4% | 201.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $0 | $147K | $24K | $0 | $173K | $173K | $940K | $534K |
| Short-Term Investments | $5.41M | $5.6M | $3.39M | $4.06M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $5.41M | $5.74M | $3.42M | $4.06M | $173K | $173K | $940K | $534K |
| Accounts Receivable | $1.69M | $1.89M | $1.85M | $1.91M | $1.66M | $2.24M | $1.52M | $2.33M |
| Inventory | $0 | $0 | $0 | $0 | $9.22M | $17M | $5.74M | $0 |
| Other Current Assets | $0 | -$5.6M | -$5.27M | -$5.97M | -$9.39M | -$17M | -$5.74M | $0 |
| Total Current Assets | $7.1M | $2.04M | $24K | $1.91M | $1.66M | $2.41M | $2.55M | $2.86M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $164.07M | $0 | $171.35M | $180.47M | $202.25M | $226.86M | $208.46M | $222.58M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.66M | $160.01M | -$171.35M | -$180.47M | -$202.25M | -$226.86M | -$208.46M | -$222.58M |
| Total Long-Term Assets | $165.74M | $160.01M | $174.88M | $180.47M | $202.25M | $226.86M | $208.46M | $222.58M |
| Other Assets | $0 | $0 | $174.9M | $1.72M | $1.69M | $835K | $18K | $11K |
| Total Assets | $172.84M | $162.05M | $174.9M | $184.1M | $205.59M | $230.1M | $211.02M | $225.46M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $0 | $548K | $737K | $864K | $243K | $5.58M | $280K | $1.29M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | -$1.32M | -$1.95M | -$6.03M | -$571K | -$2 |
| Total Current Liabilities | $0 | $548K | $992K | $864K | $243K | $5.58M | $571K | $2.92M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $68.44M | $62.4M | $64.06M | $73.42M | $90.42M | $58.84M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.33M | $540K | -$64.06M | -$73.42M | $0 | -$58.84M | $0 | $0 |
| Total Long-Term Liabilities | $69.78M | $62.94M | $64.06M | $73.42M | $243K | $68.84M | $68.52M | $77.92M |
| Other Liabilities | $0 | $0 | $0 | $459K | $91.87M | $450K | -$4 | $2 |
| Total Liabilities | $69.78M | $63.49M | $65.05M | $74.75M | $92.36M | $74.88M | $69.09M | $80.84M |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $103.45M | $108.34M | $113.39M | $119.59M | $124.68M | $126.09M | $126.56M | $127.79M |
| Retained Earnings | -$396K | -$9.78M | -$3.53M | -$10.24M | -$11.45M | $29.13M | $15.38M | $16.82M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $29.13M | $15.38M | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $103.06M | $98.56M | $109.85M | $109.35M | $113.23M | $155.23M | $141.94M | $144.62M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $172.84M | $162.05M | $174.9M | $184.1M | $205.59M | $230.1M | $211.02M | $225.46M |
| Supplementary Data | ||||||||
| Total Debt | $68.44M | $62.4M | $64.06M | $73.42M | $90.42M | $68.84M | $68.52M | $77.92M |
| Net Debt | $68.44M | $62.25M | -$24K | $73.42M | $90.24M | $68.67M | $67.58M | $77.39M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 |
| Operating Activities | ||||||||
| Net Income | $11.51M | -$3.99M | $7.92M | $3.8M | -$26.96M | $21.54M | $4.33M | $21.5M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | -$197K | $361K | $55K | -$286K | -$262K | $76K | $249K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$268K | -$5K | -$191K | -$590K | $591K | $17K | $10K | $0 |
| Other Working Capital | -$43K | $318K | -$215K | $574K | $28K | -$33K | -$343K | $0 |
| Total Working Capital Change | -$508K | $675K | -$352K | -$302K | $357K | $59K | -$84K | -$884K |
| Other Non-Cash Items | -$7.97M | $6.84M | -$2.5M | $21.77M | $20.03M | -$13.72M | $13.92M | -$222.46M |
| Net Cash from Operating | $3.03M | $3.53M | $5.07M | $25.26M | -$6.58M | $7.88M | $18.17M | -$201.85M |
| Investing Activities | ||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$69.7M | -$65.89M | -$111.72M | -$87.74M | -$213.08M | -$84.26M | -$119.33M | $0 |
| Sales of Investments | $67.53M | $73.6M | $122.68M | $100.72M | $189.26M | $94.73M | $136.97M | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$2.18M | $7.72M | $10.95M | $12.97M | -$23.83M | $10.47M | $17.64M | $0 |
| Financing Activities | ||||||||
| Debt Repaid | -$6.05M | $1.66M | $9.37M | $16.99M | -$21.57M | -$330K | $9.41M | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $127.11M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$7.01M | -$7.31M | -$7.42M | -$7.68M | -$15.04M | -$8.26M | -$7.01M | -$4.09M |
| Other Financing Activities | $0 | $78K | $0 | -$596K | $650K | $0 | -$406K | $79.26M |
| Net Cash from Financing | -$961K | -$8.88M | -$16.88M | -$25.32M | $7.18M | -$7.93M | -$17.76M | $202.28M |
| Forex Effect | -$44K | -$2.24M | $0 | -$12.97M | $23.83M | -$10.47M | -$17.64M | $0 |
| Net Change in Cash | -$147K | $123K | -$1.43M | -$54K | $605K | -$42K | $406K | $434K |
| Supplementary Data | ||||||||
| Operating Cash Flow | $3.03M | $9.04M | $5.07M | $25.26M | -$6.58M | $7.88M | $18.17M | -$201.85M |
| Capital Expenditure | $4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $3.03M | $9.04M | $5.07M | $25.26M | -$6.58M | $7.88M | $18.17M | -$201.85M |
| Cash at Beginning | $147K | $24K | $1.45M | $1.5M | $898K | $940K | $534K | $100K |
| Cash at End | $0 | $147K | $1.35M | $1.45M | $1.5M | $898K | $940K | $534K |