RiverNorth Flexible Municipal Income Fund, Inc. Announces the Approval of a 6.25% Level Distribution Policy and the Declaration of Monthly Distributions of $0.1042 Per Share
RiverNorth Flexible Municipal Income Fund, Inc. (RFM)
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--RiverNorth Flexible Municipal Income Fund, Inc. (the “Fund”) (NYSE: RFM) announced that its Board of Directors (the “Board”) has approved a 6.25% level distribution policy effective May 1, 2020. Accordingly, the Fund is declaring monthly distributions for May and June 2020.The Board has approved the distributions of $0.1042 per share of common stock, payable on the dates noted below. In accordance with the level distribution policy, the rate has been set equal to 6.25% based on the Fund’s initial public offering price of $20.00 per share.The following dates apply to the distributions declared:Record DatePayable DatePer ShareMay 15, 2020May 29, 2020$0.1042June 16, 2020June 30, 2020$0.1042Level Distribution PolicyAs defined in the prospectus, commencing with the first distribution, the Fund is implementing a level distribution policy. The Fund’s intention under the level distribution policy is to provide for monthly distributions to stockholders at a consta
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Sec Filings
- 4/24/24 - Form 424B5
- 3/8/24 - Form N-CSRS
- 2/29/24 - Form NPORT-P
- RFM's page on the SEC website