RiverNorth Opportunistic Municipalome Fund, (RiverNorth Opportunistic Municipalome Fund,) Scaled Net Operating Assets : 0.96 (As of Dec. 2023)

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What is RiverNorth Opportunistic Municipalome Fund, Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

RiverNorth Opportunistic Municipalome Fund,'s operating assets for the quarter that ended in Dec. 2023 was $177.93 Mil. RiverNorth Opportunistic Municipalome Fund,'s operating liabilities for the quarter that ended in Dec. 2023 was $1.35 Mil. RiverNorth Opportunistic Municipalome Fund,'s Total Assets for the quarter that ended in Jun. 2023 was $184.10 Mil. Therefore, RiverNorth Opportunistic Municipalome Fund,'s scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.96.

RiverNorth Opportunistic Municipalome Fund, Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

RiverNorth Opportunistic Municipalome Fund,'s Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jun. 2023 )
=	(Operating Assets (A: Jun. 2023 )	-	Operating Liabilities (A: Jun. 2023 ))	/	Total Assets (A: Jun. 2022 )
=	(184.098	-	1.323)	/	205.589
=	0.89

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	184.098	-	0
=	184.098

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	74.748	-	73.425	-	0
=	1.323

RiverNorth Opportunistic Municipalome Fund,'s Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(177.933	-	1.345)	/	184.098
=	0.96

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	179.175	-	1.242
=	177.933

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	69.635	-	68.29	-	0
=	1.345

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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RiverNorth Opportunistic Municipalome Fund, (RiverNorth Opportunistic Municipalome Fund,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401

Website

https://www.rivernorth.com

RiverNorth Opportunistic Municipal Income Fund, Inc. is a diversified, closed-end management investment company. Its investment objective is to seek current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.

Executives

Stephen Andrew O'neill	other: Portfolio Manager	360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Patrick W. Galley	director, officer: President	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Lisa Bruckert Mougin	director	C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Scott Sprauer	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John J Lawlor	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Robert A Dimella	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Brian H Schmucker	other: Officer of Investment Adviser	325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
Jerry Raio	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Rivernorth Capital Management, Llc	other: Investment Adviser	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Michael Petty	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
David Dowden	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NJ 10105
Mackay Shields Llc	other: Sub-Adviser	1345 AVENUE OF THE AMERICAS, 42ND FLOOR, NEW YORK NY 10105
Jonathan M. Mohrhardt	other: Treasurer	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Marcus L Collins	other: Secretary and CCO	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Robert Patrick Burke	other: Portfolio Manager	C/O MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105