Fund Description: RiverNorth Opportunistic Municipal Income Fund, Inc. is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. <p> INVESTMENT OBJECTIVE: The RiverNorth Opportunistic Municipal Income Fund, Inc. primary investment objective is current income exempt from regular U.S. federal income taxes (but which may be includable in taxable income for purposes of the Federal alternative minimum tax). The Fund’s secondary investment objective is total return. <p> FUND STRATEGY: Under normal market conditions, the Fund will seek 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 (Municipal Bonds). In order to qualify to pay exempt-interest dividends, which are items of interest excludable from gross income for federal income tax purposes, the Fund will seek to invest at least 50% of its Managed Assets directly in such Municipal Bonds. The Fund will seek to allocate its assets among the two principal investment strategies: Tactical Municipal Closed-End Fund Strategy (25% - 50% of Managed Assets) and Municipal Bond Income Strategy (50% - 75% of Managed Assets). <p> FUND MANAGEMENT: The Fund’s investment adviser is RiverNorth Capital Management, LLC and the Fund’s subadviser is MacKay Shields LLC.