{"id":393776,"date":"2020-12-04T17:23:23","date_gmt":"2020-12-04T22:23:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393776"},"modified":"2020-12-04T17:23:23","modified_gmt":"2020-12-04T22:23:23","slug":"rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\/","title":{"rendered":"RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistdecimal { list-style-type: decimal }\n.bwnowrap { white-space: nowrap }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignm { vertical-align: middle }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions <\/b><\/p>\n<p>CHICAGO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe RiverNorth Opportunistic Municipal Income Fund, Inc. and the RiverNorth Flexible Municipal Income Fund, Inc. have each declared a year-end capital gain distribution, as detailed below. These year-end capital gain distributions are in addition to each fund\u2019s regular monthly distribution and are being paid to allow the funds to meet their 2020 distribution requirements for federal excise tax purposes.\n<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwsinglebottom bwpadl0 bwnowrap\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Ex Date<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwnowrap\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom bwpadl0 bwnowrap\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Record Date<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwnowrap\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom bwpadl0 bwnowrap\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Payable Date<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDecember 16, 2020\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDecember 17, 2020\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDecember 31, 2020\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwleftsingle bwsinglebottom bwtopsingle\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Ticker<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwtopsingle\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Fund Name<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwtopsingle\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>Short-Term Capital Gain<br \/>\n<br \/>Distribution Per Share<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwtopsingle\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>Long-Term Capital Gain<br \/>\n<br \/>Distribution Per Share<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwleftsingle bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRMI<sup>1<\/sup><\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRiverNorth Opportunistic Municipal Income Fund, Inc.\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$0.00000\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$0.31355\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwleftsingle bwsinglebottom bwtopsingle\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Ticker<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwtopsingle\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Fund Name<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwtopsingle\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>Short-Term Capital Gain<br \/>\n<br \/>Distribution Per Share<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwtopsingle bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>Long-Term Capital Gain<br \/>\n<br \/>Distribution Per Share<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwleftsingle bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRFM<sup>1<\/sup><\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRiverNorth Flexible Municipal Income Fund, Inc.\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$0.22830\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$0.04687\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\n___________________________________________________________________________________\n<\/p>\n<ol class=\"bwlistdecimal\">\n<li>\nRiverNorth does not provide tax advice; consult a professional tax advisor regarding your specific tax situation. Income may be subject to state and local taxes as well as the AMT.\n<\/li>\n<\/ol>\n<p>\nAs of the date of this release, RiverNorth Managed Duration Municipal Income Fund, Inc., RiverNorth\/DoubleLine Strategic Opportunity Fund, Inc., and RiverNorth Specialty Finance Corp. do not anticipate having to make a year-end capital gain distribution. Such determinations are based on then current estimates and are subject to change.\n<\/p>\n<p>\nWith each distribution that does not consist solely of net investment income, the respective Fund will issue a notice to shareholders and an accompanying press release that will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund\u2019s investment experience during its full fiscal year and may be subject to changes based on tax regulations. Each Fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes.\n<\/p>\n<p>\nEach Fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital. A return of capital occurs when some or all of the money that shareholders invested in the Fund is paid back to them. A return of capital does not necessarily reflect the Fund\u2019s investment performance and should not be confused with \u2018yield\u2019 or \u2018income.\u2019 Any such returns of capital will decrease the Fund\u2019s total assets and, therefore, could have the effect of increasing the Fund\u2019s expense ratio. In addition, in order to make the level of distributions called for under its plan, the Fund may have to sell its portfolio securities at a less than opportune time.\n<\/p>\n<p><b>About RiverNorth<\/b><\/p>\n<p>\nRiverNorth Capital Management, LLC is an investment management firm founded in 2000. With $4.4 billion<sup>2<\/sup> in assets under management as of October 31, 2020, RiverNorth specializes in opportunistic investment strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is an institutional investment manager to registered funds, private funds and separately managed accounts.\n<\/p>\n<p>\nThis data is for information only and should not be construed as an official tax form, nor should it be considered tax or investment advice. RiverNorth is not a tax advisor and investors should consult a tax professional for guidance regarding their specific tax situation. When preparing your tax return, please refer to your Form 1099-DIV and consult your legal or tax advisor.\n<\/p>\n<p>\nA portion of the distribution may be treated as paid from sources other than net income, including but not limited to short\u2010term capital gain, long\u2010term capital gain and return of capital.\n<\/p>\n<p>\nPast performance is no guarantee of future results.\n<\/p>\n<p><b><i>Investors should consider the Fund&#8217;s investment objective, risks, charges and expenses carefully before investing. The prospectus should be read carefully before investing. For more information, please read the prospectus, call your financial professional or call 844.569.4750.<\/i><\/b><\/p>\n<p>\nThe Funds referenced above are closed-end funds, and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering periods have closed, each Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market&#8217;s value.\n<\/p>\n<p>\nShares of closed-end investment companies frequently trade at a discount to their net asset value and initial offering price. The risk of loss due to this discount may be greater for initial investors expecting to sell their shares in a relatively short period after completion of the initial public offering.\n<\/p>\n<p>\nInvestments in the Funds are not appropriate for all investors and are not intended to be complete investment programs. The Funds are designed as a long-term investments and not as a trading vehicles.\n<\/p>\n<p>\nRisk is inherent in all investing. Investing in any investment company security involves risk, including the risk that you may receive little or no return on your investment or even that you may lose part or all of your investment. Therefore, before investing in the common shares of a Fund, you should consider the risks as well as the other information in each Fund\u2019s prospectus.\n<\/p>\n<p><sup>2<\/sup><i>Firm AUM reflects Managed Assets which includes the effects of leverage and investments in affiliated funds.<\/i><\/p>\n<p>\nChris Lakumb is a registered representative of ALPS Distributors, Inc.\n<\/p>\n<p>\nNot FDIC Insured | May Lose Value | No Bank Guarantee\n<\/p>\n<p>\nALPS Distributors, Inc. is the FINRA Member Firm.<br \/>\n<br \/>RiverNorth\u00ae is a registered trademark of RiverNorth Capital Management, LLC.<br \/>\n<br \/>DoubleLine\u00ae is a registered trademark of DoubleLine Capital LP.<br \/>\n<br \/>\u00a92000-2020 RiverNorth Capital Management, LLC. All rights reserved.<br \/>\n<br \/>RMI000183\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201204005610r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201204005610\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201204005610\/en\/<\/a><\/span><\/p>\n<p><b>Investor Contact<br \/>\n<\/b><br \/>Chris Lakumb, CFA, CAIA<br \/>\n<br \/>312.445.2336<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:clakumb@rivernorth.com\">clakumb@rivernorth.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Illinois United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201204005610\/en\/558770\/3\/RiverNorth.black.on.white.no.margin.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions CHICAGO&#8211;(BUSINESS WIRE)&#8211; The RiverNorth Opportunistic Municipal Income Fund, Inc. and the RiverNorth Flexible Municipal Income Fund, Inc. have each declared a year-end capital gain distribution, as detailed below. These year-end capital gain distributions are in addition to each fund\u2019s regular monthly distribution and are being paid to allow the funds to meet their 2020 distribution requirements for federal excise tax purposes. Ex Date Record Date Payable Date December 16, 2020 December 17, 2020 December 31, 2020 Ticker Fund Name Short-Term Capital Gain Distribution Per Share Long-Term Capital Gain Distribution Per Share RMI1 RiverNorth Opportunistic Municipal Income Fund, Inc. $0.00000 $0.31355 Ticker Fund Name Short-Term Capital Gain Distribution Per Share \u00a0 Long-Term Capital &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393776","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions CHICAGO&#8211;(BUSINESS WIRE)&#8211; The RiverNorth Opportunistic Municipal Income Fund, Inc. and the RiverNorth Flexible Municipal Income Fund, Inc. have each declared a year-end capital gain distribution, as detailed below. These year-end capital gain distributions are in addition to each fund\u2019s regular monthly distribution and are being paid to allow the funds to meet their 2020 distribution requirements for federal excise tax purposes. Ex Date Record Date Payable Date December 16, 2020 December 17, 2020 December 31, 2020 Ticker Fund Name Short-Term Capital Gain Distribution Per Share Long-Term Capital Gain Distribution Per Share RMI1 RiverNorth Opportunistic Municipal Income Fund, Inc. $0.00000 $0.31355 Ticker Fund Name Short-Term Capital Gain Distribution Per Share \u00a0 Long-Term Capital &hellip; Continue reading &quot;RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-04T22:23:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201204005610r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions\",\"datePublished\":\"2020-12-04T22:23:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\\\/\"},\"wordCount\":984,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201204005610r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\\\/\",\"name\":\"RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\/","og_locale":"en_US","og_type":"article","og_title":"RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions - Market Newsdesk","og_description":"RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions CHICAGO&#8211;(BUSINESS WIRE)&#8211; The RiverNorth Opportunistic Municipal Income Fund, Inc. and the RiverNorth Flexible Municipal Income Fund, Inc. have each declared a year-end capital gain distribution, as detailed below. These year-end capital gain distributions are in addition to each fund\u2019s regular monthly distribution and are being paid to allow the funds to meet their 2020 distribution requirements for federal excise tax purposes. Ex Date Record Date Payable Date December 16, 2020 December 17, 2020 December 31, 2020 Ticker Fund Name Short-Term Capital Gain Distribution Per Share Long-Term Capital Gain Distribution Per Share RMI1 RiverNorth Opportunistic Municipal Income Fund, Inc. $0.00000 $0.31355 Ticker Fund Name Short-Term Capital Gain Distribution Per Share \u00a0 Long-Term Capital &hellip; Continue reading \"RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-04T22:23:23+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201204005610r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions","datePublished":"2020-12-04T22:23:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\/"},"wordCount":984,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201204005610r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/rivernorth-closed-end-funds-declare-year-end-capital-gain-distributions\/","name":"RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions - 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