Detail akcie RivNrth Flx Muni In online

Business Summary: Rivernorth Flexible Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from regular United States federal income taxes. Its secondary investment objective is total return. The Fund’s secondary investment objective is total return. Under normal market conditions, the Fund seeks to achieve its investment objectives by investing, directly or indirectly, at least 80% of its Managed Assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax. The Fund’s investment adviser is RiverNorth Capital Management, LLC.
Financial Summary: BRIEF: For the fiscal year ended 30 June 2025, RiverNorth Flexible Muncpl Incme Fnd Inc revenues increased 8% to $7.5M. Net loss totaled $4M vs. income of $7.8M. Revenues reflect Dividends increase of 12% to $3.3M, Interest increase of 6% to $4.2M. Net loss reflects Investment increase from $8.8M (income) to $6.7M (expense), Futures contracts increase from $5M (income) to $351K (expense). Dividend per share decreased from $1.16 to $1.14.