RiverNorth Flexible Municipal Income Fund, Inc. Approves 6.25% Level Distribution Policy; Declares Distribution for the Month of May and June 2020, Payable on May 29, 2020 and June 30, 2020
April 29, 2020 at 10:30 pm
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RiverNorth Flexible Municipal Income Fund, Inc. 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 dividend will be paid on May 29, 2020 and June 30, 2020, respectively, on the record date of May 15, 2020 and June 16, 2020.
Rivernorth Flexible Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fundâs primary investment objective is to seek current income exempt from regular United States federal income taxes. Its secondary investment objective is total return. The Fundâs secondary investment objective is total return. Under normal market conditions, the Fund seeks to achieve its investment objectives by investing, directly or indirectly, at least 80% of its Managed Assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax. The Fundâs investment adviser is RiverNorth Capital Management, LLC.
RiverNorth Flexible Municipal Income Fund, Inc. Approves 6.25% Level Distribution Policy; Declares Distribution for the Month of May and June 2020, Payable on May 29, 2020 and June 30, 2020
RIVERNORTH FLEXIBLE MUNICIPAL INCOME FUND, INC. 
