{"id":29625,"date":"2026-07-02T01:30:00","date_gmt":"2026-07-01T23:30:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=eb4360235512c6dd0e13dcaa38645a16"},"modified":"2026-07-02T01:30:00","modified_gmt":"2026-07-01T23:30:00","slug":"rivernorth-closed-end-funds-declare-monthly-distributions","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=29625","title":{"rendered":"RiverNorth Closed-End Funds Declare Monthly Distributions"},"content":{"rendered":"

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the \u201cFunds\u201d) level distribution policies, the Funds have established the distribution dates for July, August, and September 2026. The payments of the distributions are subject to Board approval.<\/p><\/a><\/a>\n\n\n\n\n

\nEx Date<\/b><\/p><\/td>

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n

\nRecord Date<\/b><\/p><\/td>

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n

\nPayable Date<\/b><\/p><\/td>

\u00a0<\/td>\n<\/tr>\n

\n7\/15\/2026<\/p><\/td>

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n

\n7\/15\/2026<\/p><\/td>

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n

\n7\/31\/2026<\/p><\/td>

\u00a0<\/td>\n<\/tr>\n

\n8\/14\/2026<\/p><\/td>

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n

\n8\/14\/2026<\/p><\/td>

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n

\n8\/31\/2026<\/p><\/td>

\u00a0<\/td>\n<\/tr>\n

\n9\/15\/2026<\/p><\/td>

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n

\n9\/15\/2026<\/p><\/td>

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n

\n9\/30\/2026<\/p><\/td>

\u00a0<\/td>\n<\/tr>\n<\/table>

\nTax-Exempt Distributions<\/b>1<\/sup><\/p>\n\n\n\n\n\n\n\n

\nFund Name<\/b><\/p><\/td>

\nTicker<\/b><\/p><\/td>

\nDistribution<\/b><\/p>

\nPer Share<\/b><\/p><\/td>

\nNet Asset<\/b><\/p>

\nValue (NAV)<\/b><\/p>

\nas of<\/b><\/p>

\n06\/30\/2026<\/b><\/p><\/td>

\nAnnualized<\/b><\/p>

\nCurrent<\/b><\/p>

\nDistribution<\/b><\/p>

\nRate at NAV<\/b><\/p><\/td>

\nMarket Price<\/b><\/p>

\nas of<\/b><\/p>

\n06\/30\/2026<\/b><\/p><\/td>

\nAnnualized<\/b><\/p>

\nCurrent<\/b><\/p>

\nDistribution<\/b><\/p>

\nRate at<\/b><\/p>

\nMarket<\/b><\/p><\/td>

\nInception to<\/b><\/p>

\nDate<\/b><\/p>

\nCumulative<\/b><\/p>

\nDistributions^<\/b><\/p><\/td><\/tr>\n

\nRiverNorth Opportunistic<\/b><\/p>

\nMunicipal Income Fund, Inc.1,2<\/sup><\/b><\/p><\/td>

\nRMI<\/p><\/td>

\n$0.0889<\/p><\/td>

\n$16.17<\/p><\/td>

\n6.60%<\/p><\/td>

\n$15.49<\/p><\/td>

\n6.89%<\/p><\/td>

\n$10.02<\/p><\/td><\/tr>\n

\nRiverNorth Managed Duration<\/b><\/p>

\nMunicipal Income Fund, Inc.1,2<\/sup><\/b><\/p><\/td>

\nRMM<\/p><\/td>

\n$0.0847<\/p><\/td>

\n$15.36<\/p><\/td>

\n6.62%<\/p><\/td>

\n$14.78<\/p><\/td>

\n6.88%<\/p><\/td>

\n$7.47<\/p><\/td><\/tr>\n

\nRiverNorth Flexible<\/b><\/p>

\nMunicipal Income Fund, Inc.1,2<\/sup><\/b><\/p><\/td>

\nRFM<\/p><\/td>

\n$0.0881<\/p><\/td>

\n$16.04<\/p><\/td>

\n6.59%<\/p><\/td>

\n$14.78<\/p><\/td>

\n7.15%<\/p><\/td>

\n$8.83<\/p><\/td><\/tr>\n

\nRiverNorth Flexible<\/b><\/p>

\nMunicipal Income Fund II, Inc.1,2<\/sup><\/b><\/p><\/td>

\nRFMZ<\/p><\/td>

\n$0.0804<\/p><\/td>

\n$14.60<\/p><\/td>

\n6.61%<\/p><\/td>

\n$13.63<\/p><\/td>

\n7.08%<\/p><\/td>

\n$5.62<\/p><\/td><\/tr>\n

\nRiverNorth Managed Duration<\/b><\/p>

\nMunicipal Income Fund II, Inc.1,2<\/sup><\/b><\/p><\/td>

\nRMMZ<\/p><\/td>

\n$0.0891<\/p><\/td>

\n$16.11<\/p><\/td>

\n6.64%<\/p><\/td>

\n$15.04<\/p><\/td>

\n7.11%<\/p><\/td>

\n$5.05<\/p><\/td><\/tr>\n

\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n<\/table>

\nTaxable Distributions<\/b><\/p>\n\n\n\n\n\n\n\n

\nFund Name<\/b><\/p><\/td>

\nTicker<\/b><\/p><\/td>

\nDistribution<\/b><\/p>

\nPer Share<\/b><\/p><\/td>

\nNet Asset<\/b><\/p>

\nValue (NAV)<\/b><\/p>

\nas of<\/b><\/p>

\n06\/30\/2026<\/b><\/p><\/td>

\nAnnualized<\/b><\/p>

\nCurrent<\/b><\/p>

\nDistribution<\/b><\/p>

\nRate at NAV<\/b><\/p><\/td>

\nMarket Price<\/b><\/p>

\nas of<\/b><\/p>

\n06\/30\/2026<\/b><\/p><\/td>

\nAnnualized<\/b><\/p>

\nCurrent<\/b><\/p>

\nDistribution<\/b><\/p>

\nRate at<\/b><\/p>

\nMarket<\/b><\/p><\/td>

\nInception to<\/b><\/p>

\nDate<\/b><\/p>

\nCumulative<\/b><\/p>

\nDistributions^<\/b><\/p><\/td><\/tr>\n

\nRiverNorth Opportunities<\/b><\/p>

\nF<\/b>und, Inc.3<\/sup><\/b><\/p><\/td>

\nRIV<\/p><\/td>

\n$0.1306<\/p><\/td>

\n$12.06<\/p><\/td>

\n13.00%<\/p><\/td>

\n$11.66<\/p><\/td>

\n13.44%<\/p><\/td>

\n$20.93<\/p><\/td><\/tr>\n

\nRiverNorth Capital and<\/b><\/p>

\nIncomeFund, Inc.4<\/sup><\/b><\/p><\/td>

\nRSF<\/p><\/td>

\n$0.1371<\/p><\/td>

\n$15.07<\/p><\/td>

\n10.92%<\/p><\/td>

\n$14.62<\/p><\/td>

\n11.25%<\/p><\/td>

\n$18.62<\/p><\/td><\/tr>\n

\nRiverNorth\/DoubleLine<\/b><\/p>

\nStrategic Opportunity Fund, Inc.5<\/sup><\/b><\/p><\/td>

\nOPP<\/p><\/td>

\n$0.0910<\/p><\/td>

\n$8.37<\/p><\/td>

\n13.05%<\/p><\/td>

\n$7.72<\/p><\/td>

\n14.15%<\/p><\/td>

\n$15.68<\/p><\/td><\/tr>\n

\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n

\n^As of 06\/30\/2026. The inception date for each closed-end fund follows: RMI (10\/25\/2018), RMM (7\/25\/2019), RFM (3\/26\/2020), RFMZ (2\/24\/2021), RMMZ (2\/10\/2022), RIV (12\/24\/2015), RSF (9\/22\/2016), and OPP (9\/27\/2016).<\/i><\/p><\/td><\/tr>\n

\u00a0<\/td>\n<\/tr>\n<\/table>

\nEach Fund maintains a level distribution policy with the intention of providing monthly distributions to shareholders at a constant and fixed (but not guaranteed) rate that is reset annually. Although there can be no guarantee that the distribution policy will be successful in its goals, shareholders may potentially benefit from both increased liquidity and flexibility in managing their Fund investments. Each Fund\u2019s ability to maintain a stable level of distributions to shareholders will depend on a number of factors, including changes in the financial market, market interest rates, and performance of overall equity and fixed income markets. As portfolio and market conditions change, the ability of each Fund to continue to make distributions in accordance with the level distribution policy may be affected.<\/p>

\nHolders of each Fund\u2019s common stock will receive the distribution under one of two options:<\/p>

\n1. Receive additional full and fractional shares of the respective Fund\u2019s common stock through its dividend reinvestment plan<\/p>

\nor,<\/p>

\n2. Elect to receive cash for the distribution.<\/p>

\nShareholders may consider the dividend reinvestment plan as a convenient way to add to their Fund holdings along with other potential benefits. For example, if a Fund is trading at a discount to NAV, the investor generally receives shares acquired on the secondary market at\/near that discount to NAV. In the case where a Fund is trading at a premium to NAV, the investor will typically receive newly issued shares by the Fund at NAV.<\/p>

\nFor further information, shareholders should carefully read the description of the dividend reinvestment plan in each Fund\u2019s prospectus and\/or annual report. Contact your broker-dealer to confirm your distribution election.<\/p>

\nWith each distribution that does not consist solely of net investment income, the respective Fund will issue a notice to shareholders and an accompanying press release that will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes. This information is posted to the Closed-End Funds section of www.rivernorth.com<\/a>. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund\u2019s investment experience during its full fiscal year and may be subject to changes based on tax regulations. Each Fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes.<\/p>

\nEach Fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital. A return of capital occurs when some or all of the money that shareholders invested in a Fund is paid back to them. A return of capital does not necessarily reflect a Fund\u2019s investment performance and should not be confused with \u2018yield\u2019 or \u2018income.\u2019 Any such returns of capital will decrease a Fund\u2019s total assets and, therefore, could have the effect of increasing a Fund\u2019s expense ratio. In addition, in order to make the level of distributions called for under its plan, a Fund may have to sell its portfolio securities at a less than opportune time.<\/p>

\nAbout RiverNorth<\/b><\/p>

\nRiverNorth Capital Management, LLC is an independent investment manager and closed-end fund expert specializing in opportunistic strategies and structures built to exploit market inefficiencies. Founded in 2000, RiverNorth manages $4.9 billion6<\/sup> of assets in registered funds, private funds, and separately managed accounts.<\/p>\n\n\n\n\n\n\n

\n1<\/sup><\/p><\/td>

\nMonthly distributions from RMI, RMM, RFM, RFMZ and RMMZ are expected to be generally exempt from regular U.S. federal income taxes, however, portions of these Funds\u2019 distributions may (i) be subject to U.S. federal income tax, (ii) be includable in taxable income for purposes of the federal alternative minimum tax, or (iii) constitute a return of capital. Such distributions will also generally be subject to state and local taxes. RiverNorth does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.\u00a0<\/p><\/td><\/tr>\n

\n2<\/sup><\/p><\/td>

\nIn accordance with their level distribution policies, the annual distribution rates for RMI, RMM, RFM, RFMZ and RMMZ have been set equal to 6.75% of the average of each Fund\u2019s NAV per share as reported for the final five trading days of the preceding calendar year. The following estimates are as of June 30, 2026. RMI: The Fund estimates that 42.11% of the distribution is attributable to current year net investment income and 57.89% is attributable to return of capital. RMM: The Fund estimates that 42.05% of the distribution is attributable to current year net investment income and 57.95% is attributable to return of capital. RFM: The Fund estimates that 45.90% of the distribution is attributable to current year net investment income and 54.10% is attributable to return of capital. RFMZ: The Fund estimates that 43.08% of the distribution is attributable to current year net investment income and 56.92% is attributable to return of capital. RMMZ: The Fund estimates that 44.36% of the distribution is attributable to current year net investment income and 55.64% is attributable to return of capital.\u00a0<\/p><\/td><\/tr>\n

\n3<\/sup><\/p><\/td>

\nIn accordance with its level distribution policy, RIV\u2019s annual distribution rate has been set equal to 12.50% of the average of the Fund\u2019s NAV per common share reported on the final five trading days of the preceding calendar year. As of June 30, 2026, the Fund estimates that 0.35% of the distribution is attributable to current year net investment income, 10.35% is attributable to short-term capital gains, 32.69% is attributable to long-term capital gains and 56.61% is attributable to return of capital.\u00a0<\/p><\/td><\/tr>\n

\n4<\/sup><\/p><\/td>

\nIn accordance with its level distribution policy, RSF\u2019s annual distribution rate has been set equal to 10.75% of the average of the Fund\u2019s NAV per common share reported on the final five trading days of the preceding calendar year. As of June 30, 2026, the Fund estimates that 100.00% of the distribution is attributable to current year net investment income.\u00a0<\/p><\/td><\/tr>\n

\n5<\/sup><\/p><\/td>

\nIn accordance with its level distribution policy, OPP\u2019s annual distribution rate has been set equal to 12.50% of the average of the Fund\u2019s NAV per common share reported on the final five trading days of the preceding calendar year. As of June 30, 2026, the Fund estimates that 64.91% of the distribution is attributable to current year net investment income and 35.09% is attributable to return of capital.\u00a0<\/p><\/td><\/tr>\n

\n6<\/sup><\/p><\/td>

\nAs of May 31, 2026. Firm AUM reflects Managed Assets which includes the effects of leverage and investments in affiliated funds.\u00a0\u00a0<\/p><\/td><\/tr>\n<\/table>

\nAn investment in the Funds involves risk, including loss of principal.<\/p>

\nInvestors should consider a Fund's investment objective, risks, charges and expenses carefully before investing. Each Fund\u2019s prospectus and most recent periodic reports contain this and other important information about the respective Fund and may be obtained by visiting <\/i><\/b>rivernorth.com\/literature<\/i><\/b><\/a> or by calling your financial professional or RiverNorth at 844.569.4750.<\/i><\/b><\/p>\n\n\n\n\n\n

\nMember Firm ALPS Distributors Inc. Marketing services provided by ALPS Distributors Inc.<\/p><\/td><\/tr>\n

\nRiverNorth Capital Management, LLC is not affiliated with DoubleLine Capital LP, or ALPS Distributors, Inc.<\/p><\/td><\/tr>\n

\nNot FDIC Insured | May Lose Value | No Bank Guarantee<\/p><\/td><\/tr>\n

\nRiverNorth\u00ae is a registered trademark of RiverNorth Capital Management, LLC. DoubleLine\u00ae is a registered trademark of DoubleLine Capital LP.<\/p><\/td><\/tr>\n

\n\u00a92000-2026 RiverNorth Capital Management, LLC. All rights reserved. RMI000365<\/p><\/td><\/tr>\n<\/table>

\n\u00a0<\/p> Contacts<\/b>

\nRiverNorth CEF Investor Relations\n800-646-0148, Option 1\nCEF@rivernorth.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

WEST PALM BEACH, Fla.–(BUSINESS WIRE)–In accordance with the RiverNorth closed-end funds (the \u201cFunds\u201d) level distribution policies, the Funds have established the distribution dates for July, August, and September 2026. The payments of the distributi…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-29625","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/29625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29625"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/29625\/revisions"}],"predecessor-version":[{"id":29626,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/29625\/revisions\/29626"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}