RiverNorth Flexible Municipal Income Fund, Inc.

Frequently Asked Questions About RFM

What does RFM invest in?

Rivernorth Flexible Municipal Income Fund, Inc. operates as a closed-end investment management firm. Its core mission is to generate a steady flow of income that is explicitly not subject to standard U.S. federal income taxation. This entity, which began its operations in 2019, maintains its primary business location in West Palm Beach, Florida.

What is the expense ratio of RFM?

An expense ratio for RiverNorth Flexible Municipal Income Fund, Inc. (RFM) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

What is RFM's dividend yield?

RFM's trailing-twelve-month yield is 7.80%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of RFM?

Effective duration measures RFM's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. RFM's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of RFM?

RFM's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of RFM?

Yield to maturity (YTM) is the total return you'd earn from RFM if every bond in the portfolio is held to maturity at the current price. RFM's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.