RiverNorth Flexible Mncpl Inm Fnd II Inc

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

RiverNorth Flexible Muncpl Incme Fnd Inc

RiverNorth Opportunities Fund, Inc.

RiverNorth Opportunistic Municipal Income Fund Inc

RiverNorth Managed Duration Municipal Income Fund Inc

RiverNorth Managed Duration Municipal Income Fund II

RiverNorth Capital and Income Fund

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have declared distributions for October, November and December 2024, as detailed below. Ex Date Record Date Payable Date October 15, 2024 October 15, 2024 October 31, 2024 November 15, 2024 November 15, 2024 November 29, 2024 December 13, 2024 December 13, 2024 December 31, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset.

RiverNorth Closed-End Funds Declare Monthly Distributions

Calamos Global Total Return Fund

China Fund

Virtus Stone Harbor Emerging Markets Income Fund 

ClearBridge Energy MLP Opportunity Fund Inc

Korea Fund

KKR Income Opportunities Fund

PIMCO Dynamic Income Strategy Fund

Franklin Templeton Dragon Fund

Franklin Templeton Emerging Markets Income Fund

For the third month in four, equity CEFs (+1.81%) witnessed gains while their fixed income CEF (+0.52%) counterparts for the fourth month in a row posted plus-side returns.

The Month In Closed-End Funds: February 2024

BlackRock Innovation & Growth Trust

BlackRock 2037 Municipal Target Term Trust

Blackrock ESG Capital Allocation Trust

Guggenheim Active Allocation Fund

MainStay CBRE Global Infrastructure Megatrends Fund

Pioneer Municipal High Income Opportunities Fund

Neuberger Berman Next Generation Connectivity Fund

Nuveen Core Plus Impact Fund

Nuveen Variable Rate Preferred & Income Fund

PIMCO Access Income Fund

PIMCO Dynamic Income Opportunities Fund

Pimco Municipal Income Fund

Thornburg Income Builder Opportunities Trust

Western Asset Diversified Income Fund

In 2021, a dozen closed-end funds, or CEFs, were launched, but none of them performed well, with all of them experiencing negative total returns since inception. The CEFs trade at wide discounts to NAV, with an average discount of -12.5%, and offer high yield income with annual yields as high as 12.9%. The hybrid funds with global allocations and higher yielding taxable fixed income funds have performed better than municipal fixed income funds and equity funds.

The Dirty Dozen CEFs From 2021: A Summary

RiverNorth Capital Management offers several closed-end funds with municipal bond exposure, presenting an opportunity for swap trades. RMM is trading at a narrow discount on an absolute and relative basis, while RFMZ presents a relatively more attractive valuation with significantly similar exposure. Both funds have high expense ratios, leverage risks, and unpredictable tax-exempt income, making them less attractive for muni investors, but could still be exploited by those who are holding anyway.

RMM And RFMZ: A Swap Makes Sense

RiverNorth has been busy in the last few years offering new funds; RFMZ is the latest effort they've brought to market. This one is another similar hybrid municipal bond fund approach to the others that we have been touching on.

RFMZ: The Latest Offering From RiverNorth, Wait For Better Opportunity

Neuberger Berman Real Estate Securities Income Fund Inc

Neuberger Berman California Intermediate Municipal Fund Inc

Neuberger Berman High Yield Strategies Fund Inc

Neuberger Berman MLP Income Fund, Inc.

Pershing Square Tontine Holdings

Special Opportunities Fund Inc

Today, I wanted to go over two funds that should tentatively be launching in the future. The fund sponsors have filed with the SEC forms N-2 - this is a file to register new offerings, secondary offerings or anything that involves new shares being created.

2 New Closed-End Funds In The Pipeline

CHICAGO--(BUSINESS WIRE)--RiverNorth Flexible Municipal Income Fund II, Inc. (the “Fund”) (NYSE: RFMZ) announced that its Board of Directors (the “Board”) has approved a 6.00% level distribution policy effective April 1, 2021. Accordingly, the Fund is declaring monthly distributions for April, May and June 2021. The Board has approved the distributions of $0.10 per share of common stock, payable on the dates noted below. In accordance with the level distribution policy, the rate has been set eq

RiverNorth Flexible Municipal Income Fund II, Inc. Announces the Approval of a 6.00% Level Distribution Policy and the Declaration of Monthly Distributions of $0.10 Per Share

News for RiverNorth Flexible Mncpl Inm Fnd II Inc ETF (RFMZ)