RiverNorth Launches Flexible Municipal Income Fund with MacKay Municipal ManagersTM*
RiverNorth Flexible Municipal Income Fund, Inc. (RFM)
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--RiverNorth Capital Management, LLC (“RiverNorth”), an investment management firm specializing in opportunistic strategies, announced the launch of the RiverNorth Flexible Municipal Income Fund, Inc. (the “Fund”), a new municipal focused closed-end fund. RiverNorth will act as the investment adviser to the Fund and MacKay Shields LLC ("MacKay Shields") will act as subadviser. This is the third fund co-managed by the investment firms. The Fund will use the load waived pricing structure pioneered by RiverNorth. As a result, investors will not pay any upfront expenses, which allows the Fund to be priced at $20.00 per share with an initial net asset value (NAV) of $20.00 per share. Trading on the New York Stock Exchange began on March 27, 2020 under the symbol "RFM.”“In this time of an unprecedented health crisis combined with the resulting economic and capital market uncertainty, we are thrilled with investor response to the Fund and very proud to announce it
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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