RiverNorth Flexible Municipal Income Fund Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NYSE:RFM Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
10 Apr 25	BuyUS$10,193	Jonathan Browne	Individual	750	US$13.59
09 Apr 25	BuyUS$12,444	Patrick Galley	Individual	900	US$13.85
08 Apr 25	BuyUS$72,837	Patrick Galley	Individual	5,300	US$13.91

Insider Trading Volume

Insider Buying: RFM insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of RFM?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	8,350	0.137%
Private Companies	23,937	0.391%
Institutions	766,677	12.5%
General Public	5,315,735	86.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 23 shareholders own 13.07% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
2.93%	Wells Fargo & Company, Securities and Brokerage Investments	179,313	US$2.6m	11.9%	no data
1.49%	Morgan Stanley, Investment Banking and Brokerage Investments	91,225	US$1.3m	12.8%	no data
1.3%	UBS Asset Management AG	79,444	US$1.1m	-1.56%	no data
0.85%	Wedbush Asset Management, LLC	52,200	US$747.0k	-0.54%	0.03%
0.83%	Royal Bank of Canada, Banking & Securities Investments	50,892	US$728.3k	-2.13%	no data
0.78%	Logan Stone Capital, LLC	47,453	US$679.1k	-38%	0.31%
0.72%	Wolverine Asset Management, LLC	43,989	US$629.5k	-57.4%	0.05%
0.69%	Robinson Capital Management, LLC	41,983	US$600.8k	0%	0.25%
0.46%	SteelPeak Wealth, LLC	28,000	US$400.7k	6.67%	0.02%
0.41%	LPL Financial Corporation, Asset Management Arm	25,004	US$357.8k	-1.48%	no data
0.39%	Rivernorth Strategic Holdings, Llc	23,937	US$342.5k	0%	no data
0.33%	Osaic Advisory Services, LLC	20,036	US$286.7k	39.5%	no data
0.31%	Fairhaven Wealth Management, LLC	18,864	US$269.9k	0%	0.08%
0.25%	Stifel Asset Management Corp.	15,525	US$222.2k	-5.48%	no data
0.25%	Carnegie Capital Asset Management, LLC	15,000	US$214.6k	0%	no data
0.24%	Raymond James Financial Inc., Asset Management Arm	14,750	US$211.1k	18.2%	no data
0.24%	Capital Investment Advisors, LLC	14,750	US$211.1k	0%	no data
0.23%	Apollon Wealth Management, LLC	14,000	US$200.3k	0%	no data
0.12%	Patrick Galley	7,600	US$108.8k	443%	no data
0.12%	Noble Wealth Management P.B.C.	7,533	US$107.8k	8.53%	0.07%
0.089%	NewEdge Advisors, LLC	5,441	US$77.9k	1.85%	no data
0.021%	Osaic Wealth, Inc. , Asset Management Arm	1,275	US$18.2k	0%	no data
0.012%	Jonathan Browne	750	US$10.7k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/20 09:37
End of Day Share Price	2025/05/20 00:00
Earnings	N/A
Annual Earnings	N/A

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

RiverNorth Flexible Municipal Income Fund, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.