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Complete financial analysis of RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of RiverNorth Opportunistic Municipal Income Fund, Inc., a leading company in the Financial – Conglomerates industry within the Financial Services sector.
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RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI)
Industry: Financial - Conglomerates
Sector: Financial Services
About RiverNorth Opportunistic Municipal Income Fund, Inc.
RiverNorth Opportunistic Municipal Income Fund, Inc. operates as Closed-End Investment Fund/Investment Trust. It specializes in opportunistic investment strategies in niche markets. The firm operates as investment manager to registered funds, private funds and separately managed accounts. The company is headquartered in West Palm Beach, FL.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 5.81M | 4.50M | -26.28M | 22.24M | 5.02M | 21.93M |
| Cost of Revenue | 2.33M | 2.44M | 2.67M | 2.71M | 2.80M | 0.00 |
| Gross Profit | 3.48M | 2.06M | -28.95M | 19.53M | 2.22M | 21.93M |
| Gross Profit Ratio | 59.90% | 45.80% | 110.14% | 87.81% | 44.20% | 100.00% |
| Research & Development | 0.00 | 1.12 | -3.76 | 1.18 | 0.40 | 0.00 |
| General & Administrative | 658.47K | 537.27K | 499.33K | 511.74K | 500.12K | 307.43K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 658.47K | 537.27K | 499.33K | 511.74K | 500.12K | 307.43K |
| Other Expenses | 160.22K | 5.23M | 177.39K | 183.72K | 191.03K | 121.76K |
| Operating Expenses | 818.69K | 703.38K | 676.73K | 695.46K | 691.14K | 429.19K |
| Cost & Expenses | 3.15M | 703.38K | 676.73K | 695.46K | 691.14K | 429.19K |
| Interest Income | 3.79M | 5.19M | 4.24M | 3.85M | 3.85M | 2.39M |
| Interest Expense | 2.82M | 2.38M | 553.53K | 459.38K | 1.44M | 1.09M |
| Depreciation & Amortization | 8.07M | 228.49K | 236.56K | 206.30K | 171.86K | 161.14K |
| EBITDA | 10.74M | 6.18M | -26.41M | 21.54M | 5.78M | 44.25M |
| EBITDA Ratio | 184.74% | 84.38% | 100.47% | 96.87% | 114.99% | 103.03% |
| Operating Income | 2.66M | 3.80M | -26.41M | 21.54M | 5.78M | 22.59M |
| Operating Income Ratio | 45.82% | 84.38% | 100.47% | 96.87% | 114.99% | 103.03% |
| Total Other Income/Expenses | 5.26M | 2.44M | -553.53K | 0.00 | -1.44M | 0.00 |
| Income Before Tax | 7.92M | 3.80M | -26.96M | 21.54M | 4.33M | 21.50M |
| Income Before Tax Ratio | 136.28% | 84.38% | 102.57% | 96.87% | 86.24% | 98.04% |
| Income Tax Expense | 0.00 | 6.18M | -26.41M | 22.00M | 5.78M | -161.14K |
| Net Income | 7.92M | 3.80M | -26.96M | 21.54M | 4.33M | 21.50M |
| Net Income Ratio | 136.28% | 84.38% | 102.57% | 96.87% | 86.24% | 98.04% |
| EPS | 1.24 | 0.60 | -4.23 | 3.38 | 0.68 | 3.37 |
| EPS Diluted | 1.24 | 0.60 | -4.23 | 3.38 | 0.68 | 3.37 |
| Weighted Avg Shares Out | 6.37M | 6.37M | 6.37M | 6.37M | 6.37M | 6.38M |
| Weighted Avg Shares Out (Dil) | 6.37M | 6.37M | 6.37M | 6.37M | 6.37M | 6.38M |
RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--The RiverNorth closed-end funds (the “Funds”) have announced the declaration of monthly distributions for October, November and December 2022 in accordance with each Fund’s level distribution policy as detailed below. The following dates apply to the...
RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Several RiverNorth closed-end funds (the “Funds”) have announced the declaration of monthly distributions for July, August and September 2022 in accordance with each Fund’s level distribution policy, as detailed below. Ex Date Record Date Payable Date...
RiverNorth Closed-End Funds Declare Monthly Distributions
CHICAGO--(BUSINESS WIRE)--Several RiverNorth closed-end funds (the “Funds”) have announced the declaration of monthly distributions for April, May and June 2022 in accordance with each Fund’s level distribution policy, as detailed below. Ex Date Record Date Payable Date April 13, 2022...
New Year, New Closed-End Funds In The Works
New Year, New Closed-End Funds In The Works
RiverNorth Closed-End Funds Declare Monthly Distributions
CHICAGO--(BUSINESS WIRE)--Several RiverNorth closed-end funds (the “Funds”) have announced the declaration of monthly distributions for January, February and March 2022 in accordance with each Fund’s level distribution policy, as detailed below. Ex Date Record Date Payable Date January 13, 2022...
RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions
CHICAGO--(BUSINESS WIRE)--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’s regular monthly...
RiverNorth Closed-End Funds Declare Monthly Distributions
CHICAGO--(BUSINESS WIRE)--Several RiverNorth closed-end funds (the “Funds”) have announced the declaration of monthly distributions for October, November and December 2021 in accordance with each Fund’s level distribution policy, as detailed below. Ex Date Record Date Payable Date October 14, 2021...
RiverNorth Closed-End Funds Declare Monthly Distributions
CHICAGO--(BUSINESS WIRE)--Several RiverNorth closed-end funds (the “Funds”) have announced the declaration of monthly distributions for July, August and September 2021 in accordance with each Fund’s level distribution policy, as detailed below. Ex Date Record Date Payable Date July 15, 2021...
RFMZ: The Latest Offering From RiverNorth, Wait For Better Opportunity
RFMZ: The Latest Offering From RiverNorth, Wait For Better Opportunity
RFM: A RiverNorth Offering In The Muni Space Lacking Overall Appeal
RFM: A RiverNorth Offering In The Muni Space Lacking Overall Appeal
Source: https://incomestatements.info
Category: Stock Reports