RiverNorth Flexible Municipal Income Fund

RiverNorth Flexible Municipal Income Fund, Inc. is a closed-end investment company designed to provide investors with current income that is exempt from regular U.S. federal income taxes, with a secondary objective of total return. The fund primarily invests in a broad array of municipal bonds, utilizing an active and flexible strategy for exposure to both investment-grade and high-yield municipal debt. Its tactical management includes leveraging portfolio allocations and employing closed-end fund vehicles to capitalize on relative value opportunities within the municipal market. With a scheduled termination date in 2035—subject to potential extension at the discretion of its board—the fund is structured with shareholder protections during wind-down periods, such as tender offers at net asset value. The RiverNorth Flexible Municipal Income Fund is notable for its dynamic approach to municipal income investing, offering diversification and exposure to U.S. municipal issuers. It plays a significant role in providing investors with potential tax-advantaged income while navigating credit and interest rate risks inherent to the municipal bond sector.