RiverNorth Flexible Municipal Income Fund (RFM)

• Market cap: $92.6M
• 1 day: -0.46%
• 5 days: -3.56%
• 1 month: -3.13%
• 3 months: -6.25%
• 6 months: -5.72%
• Year to date: -1.88%
• 1 year: 0.40%
• 5 years: -24.25%
• 10 years: -24.25%

About: RiverNorth Flexible Municipal Income Fund Inc is a diversified, closed-end management investment company. Its primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The fund's secondary investment objective is total return.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 1

12% more funds holding

Funds holding: 17 [Q2] → 19 (+2) [Q3]

0.59% less ownership

Funds ownership: 11.5% [Q2] → 10.91% (-0.59%) [Q3]

5% less capital invested

Capital invested by funds: $11.4M [Q2] → $10.9M (-$522K) [Q3]

56% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 9