Rivernorth Flexible Municipal Income Fund, Inc. Declares Year-End Short-Term and Long Term Capital Gain Distribution, Payable on December 31, 2020
December 04, 2020 at 10:20 pm
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RiverNorth Flexible Municipal Income Fund, Inc. declared year-end Short-Term Capital Gain Distribution Per Share of $0.22830 and Long-Term Capital Gain Distribution Per Share of $0.04687 payable on December 31, 2020. Record Date is December 17, 2020. Ex-date is December 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.