RiverNorth Flexible Municipal Income Fund, Inc. Overview
Pro stress-test →RiverNorth Flexible Municipal Income Fund, Inc. seeks to provide current income exempt from regular U.S. federal income taxes with a secondary objective of total return. The fund focuses on flexible municipal income strategies, offering diversified exposure through tactical closed-end fund management. The fund appeals to tax-conscious investors seeking tax-exempt municipal income with potential capital appreciation through closed-end fund market dynamics.
Strategic Profile
Pro stress-test →RiverNorth allocates the Fund's managed assets between two principal strategies: Tactical Municipal Closed-End Fund Strategy (managed by RiverNorth) and Municipal Bond Income Strategy, with target sources of alpha including security selection, sector rotation, yield curve positioning and duration management. The fund combines a municipal closed-end fund strategy with MacKay Municipal Managers to provide an attractive investment vehicle.
Competitive Landscape
Pro stress-test →RFM operates in the closed-end municipal fund space with primary competitors including other RiverNorth municipal funds (such as RFM II and RMMI), BlackRock MuniHoldings funds, and broader municipal income CEFs. The fund's competitive advantage derives from dual-strategy approach combining active CEF trading with municipal bond selection, targeting investors seeking tax-exempt income with potential NAV arbitrage opportunities.
Industry Context
RiverNorth Flexible Municipal Income Fund, Inc. operates in Closed-End Municipal Bond Funds / Tax-Exempt Fixed Income Management.
Key facts
Founded: 2019 · Headquarters: Chicago, Illinois