RiverNorth Flexible Municipal Income Fund, Inc.
US ˙ NYSE ˙ US76883H1041

Introduction

This page provides a comprehensive analysis of the known insider trading history of Brian H Schmucker. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

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Companies with Reported Insider Positions

The SEC filings indicate Brian H Schmucker has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:RMMZ / RiverNorth Managed Duration Municipal Income Fund II, Inc. 0
US:RIV / RiverNorth Opportunities Fund, Inc. 0
US:RMM / Rivernorth Managed Duration Municipal Income Fund Inc. 0
US:RFMZ / RiverNorth Flexible Municipal Income Fund II, Inc. 0
US:RFM / RiverNorth Flexible Municipal Income Fund, Inc. 0
US:OPP / RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 0
0
US:RMPLX / RiverNorth Marketplace Lending Corp Officer of Investment Advisor 0
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Brian H Schmucker. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases RFM / RiverNorth Flexible Municipal Income Fund, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in RFM / RiverNorth Flexible Municipal Income Fund, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RFM / RiverNorth Flexible Municipal Income Fund, Inc. Insider Trades
Insider Sales RFM / RiverNorth Flexible Municipal Income Fund, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in RFM / RiverNorth Flexible Municipal Income Fund, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RFM / RiverNorth Flexible Municipal Income Fund, Inc. Insider Trades
Insider Purchases RFMZ / RiverNorth Flexible Municipal Income Fund II, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in RFM / RiverNorth Flexible Municipal Income Fund, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RFMZ / RiverNorth Flexible Municipal Income Fund II, Inc. Insider Trades
Insider Sales RFMZ / RiverNorth Flexible Municipal Income Fund II, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in RFM / RiverNorth Flexible Municipal Income Fund, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RFMZ / RiverNorth Flexible Municipal Income Fund II, Inc. Insider Trades
Insider Purchases RIV.RTWI / RiverNorth Opportunities Fund, Inc. - Equity Right - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in RFM / RiverNorth Flexible Municipal Income Fund, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2016-11-02 (RIV) Schmucker Brian H 3,000 18.7000 3,000 18.7000 56,100 730
2016-04-28 (RIV) Schmucker Brian H 322 19.0000 322 19.0000 6,118
2016-04-28 (RIV) Schmucker Brian H 1,678 19.2500 1,678 19.2500 32,302
2016-04-07 (RIV) Schmucker Brian H 2,000 18.0000 2,000 18.0000 36,000
2016-02-18 (RIV) Schmucker Brian H 2,000 16.4500 2,000 16.4500 32,900
2015-12-29 (RIV) Schmucker Brian H 25,000 20.0000 25,000 20.0000 500,000

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RIV.RTWI / RiverNorth Opportunities Fund, Inc. - Equity Right Insider Trades
Insider Sales RIV.RTWI / RiverNorth Opportunities Fund, Inc. - Equity Right - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in RFM / RiverNorth Flexible Municipal Income Fund, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2021-06-04 RIV Schmucker Brian H 4,000 17.8800 4,000 17.8800 71,520 342 12.9000 -19,920 -27.85
2021-04-01 RIV Schmucker Brian H 7,616 17.5400 7,616 17.5400 133,585
2021-03-31 RIV Schmucker Brian H 15,000 17.3800 15,000 17.3800 260,700
2020-03-12 RIV Schmucker Brian H 29,050 11.1700 29,050 11.1700 324,488
2019-10-23 RIV RT RIVERNORTH CAPITAL MANAGEMENT, LLC 10,290 0.0600 10,290 0.0600 617
2019-10-22 RIV RT RIVERNORTH CAPITAL MANAGEMENT, LLC 51,429 0.0401 51,429 0.0401 2,062
2019-10-21 RIV RT RIVERNORTH CAPITAL MANAGEMENT, LLC 47,938 0.0359 47,938 0.0359 1,721
2019-10-18 RIV RT RIVERNORTH CAPITAL MANAGEMENT, LLC 14,465 0.0601 14,465 0.0601 869
2019-10-16 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,000 16.6300 2,000 16.6300 33,260
2019-10-16 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,000 16.6700 2,000 16.6700 33,340
2019-10-16 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 1,522 16.7000 1,522 16.7000 25,417
2019-10-08 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 1,000 16.8900 1,000 16.8900 16,890
2019-10-08 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 1,000 16.8800 1,000 16.8800 16,880
2019-10-08 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 1,429 16.9200 1,429 16.9200 24,179
2019-09-26 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 5,000 17.1200 5,000 17.1200 85,600
2019-09-25 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,700 17.2400 2,700 17.2400 46,548
2019-09-09 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 109 17.1900 109 17.1900 1,874
2019-09-09 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 570 17.1800 570 17.1800 9,793
2019-08-28 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 624 16.9500 624 16.9500 10,577
2019-08-27 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,000 16.9500 3,000 16.9500 50,850
2019-08-01 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,000 17.4000 3,000 17.4000 52,200
2019-08-01 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,300 17.4500 3,300 17.4500 57,585
2019-07-16 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 1,755 17.4000 1,755 17.4000 30,537
2019-07-15 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 4,018 17.6500 4,018 17.6500 70,918
2019-07-11 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 5,500 17.6200 5,500 17.6200 96,910
2019-07-10 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,000 17.4500 3,000 17.4500 52,350
2019-07-10 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,372 17.5000 2,372 17.5000 41,510
2019-07-09 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 400 17.4200 400 17.4200 6,968
2019-07-08 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 738 17.3600 738 17.3600 12,812
2019-07-08 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 4,500 17.3100 4,500 17.3100 77,895
2019-07-05 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,400 17.2600 3,400 17.2600 58,684
2019-07-02 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 370 17.2600 370 17.2600 6,386
2019-06-21 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 581 17.1000 581 17.1000 9,935
2019-06-20 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,000 17.0700 2,000 17.0700 34,140
2019-06-18 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 513 17.0700 513 17.0700 8,757
2019-06-13 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 4,000 16.9700 4,000 16.9700 67,880
2019-06-13 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 1,000 17.0200 1,000 17.0200 17,020
2019-06-10 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 200 17.1000 200 17.1000 3,420
2019-06-06 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 671 16.9200 671 16.9200 11,353
2019-06-06 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 1,329 16.9200 1,329 16.9200 22,487
2019-06-06 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 1,191 16.9500 1,191 16.9500 20,187
2019-06-05 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,000 16.9200 2,000 16.9200 33,840
2019-06-04 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,000 16.9000 2,000 16.9000 33,800
2019-06-04 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 800 16.8800 800 16.8800 13,504
2019-05-09 RIV Schmucker Brian H 5,500 16.7900 5,500 16.7900 92,345
2019-05-08 RIV Schmucker Brian H 5,500 16.9100 5,500 16.9100 93,005
2019-05-07 RIV Schmucker Brian H 5,500 17.2000 5,500 17.2000 94,600
2019-05-06 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 5,500 17.2200 5,500 17.2200 94,710
2019-05-02 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 5,500 17.0600 5,500 17.0600 93,830
2018-06-13 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,500 21.5000 3,500 21.5000 75,250
2018-06-13 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 678 21.5500 678 21.5500 14,611
2018-06-12 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,000 21.4500 3,000 21.4500 64,350
2018-06-12 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 300 21.5100 300 21.5100 6,453
2018-06-11 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,000 21.4600 3,000 21.4600 64,380
2018-06-11 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,500 21.4900 2,500 21.4900 53,725
2018-06-11 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 17 21.5000 17 21.5000 366
2018-06-08 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,500 21.4000 2,500 21.4000 53,500
2018-06-08 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 618 21.4200 618 21.4200 13,238
2018-06-07 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,500 21.4500 3,500 21.4500 75,075
2018-06-07 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 453 21.4700 453 21.4700 9,726
2018-06-05 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 4,000 21.3600 4,000 21.3600 85,440
2018-06-05 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,500 21.4000 3,500 21.4000 74,900
2018-06-04 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,000 21.3500 3,000 21.3500 64,050
2018-06-04 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,000 21.3700 2,000 21.3700 42,740
2018-06-04 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,437 21.4000 2,437 21.4000 52,152
2018-06-01 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 1,008 21.3700 1,008 21.3700 21,541
2018-06-01 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,000 21.3500 2,000 21.3500 42,700
2018-05-30 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,000 21.2900 2,000 21.2900 42,580
2018-05-30 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,000 21.3100 3,000 21.3100 63,930
2018-05-29 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,000 21.2300 2,000 21.2300 42,460
2018-05-29 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,000 21.2500 3,000 21.2500 63,750
2018-05-29 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,500 21.2700 2,500 21.2700 53,175
2018-01-10 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 7,400 20.7400 7,400 20.7400 153,476
2018-01-09 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 7,000 20.7500 7,000 20.7500 145,250
2018-01-08 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 7,000 20.5900 7,000 20.5900 144,130
2018-01-03 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 5,300 20.2800 5,300 20.2800 107,484
2018-01-02 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 8,000 20.0800 8,000 20.0800 160,640
2018-01-02 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 5,000 20.1200 5,000 20.1200 100,600
2017-10-30 RIV RT RIVERNORTH CAPITAL MANAGEMENT, LLC 7,860 0.2400 7,860 0.2400 1,886
2017-10-30 RIV RT RIVERNORTH CAPITAL MANAGEMENT, LLC 10,000 0.2300 10,000 0.2300 2,300
2017-10-23 RIV RT RIVERNORTH CAPITAL MANAGEMENT, LLC 19,691 0.2200 19,691 0.2200 4,332
2017-10-10 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,000 20.9700 3,000 20.9700 62,910
2017-10-10 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 4,374 21.0500 4,374 21.0500 92,073
2017-10-09 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 7,000 21.0000 7,000 21.0000 147,000
2017-10-05 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 4,000 20.7200 4,000 20.7200 82,880
2017-10-05 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,000 20.7100 3,000 20.7100 62,130
2017-09-18 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 3,700 21.0900 3,700 21.0900 78,033
2017-09-14 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 620 21.1200 620 21.1200 13,094
2017-09-14 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 180 21.1100 180 21.1100 3,800
2017-09-08 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 700 21.0500 700 21.0500 14,735
2017-09-08 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 2,100 21.0000 2,100 21.0000 44,100
2017-09-06 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 1,000 21.0300 1,000 21.0300 21,030
2017-09-05 RIV RIVERNORTH CAPITAL MANAGEMENT, LLC 7,300 21.1000 7,300 21.1000 154,030

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RIV.RTWI / RiverNorth Opportunities Fund, Inc. - Equity Right Insider Trades
Insider Purchases RMM / Rivernorth Managed Duration Municipal Income Fund Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in RFM / RiverNorth Flexible Municipal Income Fund, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2020-03-23 RMM Schmucker Brian H 2,000 13.7900 2,000 13.7900 27,580 319 19.1500 10,720 38.87
2020-03-23 RMM Schmucker Brian H 2,000 13.8000 2,000 13.8000 27,600
2020-03-18 RMM Schmucker Brian H 2,500 14.0400 2,500 14.0400 35,100
2020-03-18 RMM Schmucker Brian H 2,500 14.0600 2,500 14.0600 35,150
2020-03-17 RMM Schmucker Brian H 2,500 16.1200 2,500 16.1200 40,300
2020-03-17 RMM Schmucker Brian H 2,500 16.1900 2,500 16.1900 40,475
2020-03-16 RMM Schmucker Brian H 2,000 17.3000 2,000 17.3000 34,600
2020-03-16 RMM Schmucker Brian H 2,000 17.2800 2,000 17.2800 34,560
2020-03-16 RMM Schmucker Brian H 1,440 17.2900 1,440 17.2900 24,898
2020-03-13 RMM Schmucker Brian H 2,000 18.2900 2,000 18.2900 36,580
2020-03-13 RMM Schmucker Brian H 60 18.4000 60 18.4000 1,104

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RMM / Rivernorth Managed Duration Municipal Income Fund Inc. Insider Trades
Insider Sales RMM / Rivernorth Managed Duration Municipal Income Fund Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in RFM / RiverNorth Flexible Municipal Income Fund, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2021-04-01 RMM Schmucker Brian H 4,000 18.7100 4,000 18.7100 74,840 362 16.7700 -7,760 -10.37
2021-03-31 RMM Schmucker Brian H 25,000 18.6400 25,000 18.6400 466,000

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RMM / Rivernorth Managed Duration Municipal Income Fund Inc. Insider Trades
Insider Purchases RMMZ / RiverNorth Managed Duration Municipal Income Fund II, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in RFM / RiverNorth Flexible Municipal Income Fund, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RMMZ / RiverNorth Managed Duration Municipal Income Fund II, Inc. Insider Trades
Insider Sales RMMZ / RiverNorth Managed Duration Municipal Income Fund II, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in RFM / RiverNorth Flexible Municipal Income Fund, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RMMZ / RiverNorth Managed Duration Municipal Income Fund II, Inc. Insider Trades
Insider Purchases RSF / RiverNorth Capital and Income Fund, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in RFM / RiverNorth Flexible Municipal Income Fund, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2017-11-14 RMPLX Schmucker Brian H 8,752 25.0800 8,752 25.0800 219,500 10 25.1600 700 0.32

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RSF / RiverNorth Capital and Income Fund, Inc. Insider Trades
Insider Sales RSF / RiverNorth Capital and Income Fund, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in RFM / RiverNorth Flexible Municipal Income Fund, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2018-04-11 RMPLX RIVERNORTH CAPITAL MANAGEMENT, LLC 41,369 23.9600 41,369 23.9600 991,201 341 21.8300 -88,116 -8.89

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RSF / RiverNorth Capital and Income Fund, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Brian H Schmucker as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2022-02-14 3 RMMZ RiverNorth Managed Duration Municipal Income Fund II, Inc.
No securities beneficially owned 		0
2021-06-08 2021-06-04 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -4,000 0 -100.00 17.88 -71,520
2021-04-06 2021-04-01 4 RMM RiverNorth Managed Duration Municipal Income Fund, Inc.
Common Stock 		S - Sale -4,000 0 -100.00 18.71 -74,840
2021-04-06 2021-03-31 4 RMM RiverNorth Managed Duration Municipal Income Fund, Inc.
Common Stock 		S - Sale -25,000 4,000 -86.21 18.64 -466,000 74,560
2021-04-06 2021-04-01 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -7,616 4,000 -65.56 17.54 -133,585 70,160
2021-04-06 2021-03-31 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -15,000 11,616 -56.36 17.38 -260,700 201,886
2021-01-13 3 RFMX RiverNorth Flexible Municipal Income Fund II, Inc.
No securities beneficially owned 		0
2020-03-26 3 RFM RiverNorth Flexible Municipal Income Fund, Inc.
No securities beneficially owned 		0
2020-03-25 2020-03-23 4 RMM RiverNorth Managed Duration Municipal Income Fund, Inc.
Common Stock 		P - Purchase 2,000 21,500 10.26 13.80 27,600 296,700
2020-03-25 2020-03-23 4 RMM RiverNorth Managed Duration Municipal Income Fund, Inc.
Common Stock 		P - Purchase 2,000 19,500 11.43 13.79 27,580 268,905
2020-03-19 2020-03-18 4 RMM RiverNorth Managed Duration Municipal Income Fund, Inc.
Common Stock 		P - Purchase 2,500 17,500 16.67 14.06 35,150 246,050
2020-03-19 2020-03-18 4 RMM RiverNorth Managed Duration Municipal Income Fund, Inc.
Common Stock 		P - Purchase 2,500 15,000 20.00 14.04 35,100 210,600
2020-03-19 2020-03-17 4 RMM RiverNorth Managed Duration Municipal Income Fund, Inc.
Common Stock 		P - Purchase 2,500 12,500 25.00 16.19 40,475 202,375
2020-03-19 2020-03-17 4 RMM RiverNorth Managed Duration Municipal Income Fund, Inc.
Common Stock 		P - Purchase 2,500 10,000 33.33 16.12 40,300 161,200
2020-03-16 2020-03-12 4 OPP RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
Common Stock 		S - Sale -6,000 0 -100.00 13.70 -82,200
2020-03-16 2020-03-16 4 RMM RiverNorth Managed Duration Municipal Income Fund, Inc.
Common Stock 		P - Purchase 1,440 7,500 23.76 17.29 24,898 129,675
2020-03-16 2020-03-16 4 RMM RiverNorth Managed Duration Municipal Income Fund, Inc.
Common Stock 		P - Purchase 2,000 6,060 49.26 17.28 34,560 104,717
2020-03-16 2020-03-16 4 RMM RiverNorth Managed Duration Municipal Income Fund, Inc.
Common Stock 		P - Purchase 2,000 4,060 97.09 17.30 34,600 70,238
2020-03-16 2020-03-13 4 RMM RiverNorth Managed Duration Municipal Income Fund, Inc.
Common Stock 		P - Purchase 60 2,060 3.00 18.40 1,104 37,904
2020-03-16 2020-03-13 4 RMM RiverNorth Managed Duration Municipal Income Fund, Inc.
Common Stock 		P - Purchase 2,000 2,000 18.29 36,580 36,580
2020-03-16 2020-03-12 4 RMI RiverNorth Opportunistic Municipal Income Fund, Inc.
Common Stock 		S - Sale -2,155 0 -100.00 20.28 -43,703
2020-03-16 2020-03-12 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -29,050 26,616 -52.19 11.17 -324,488 297,301
2019-10-24 2019-10-23 4 RIV RT RIVERNORTH OPPORTUNITIES FUND, INC.
Transferable Subscription Rights (RIV RT) 		S - Sale -10,290 0 -100.00 0.06 -617
2019-10-24 2019-10-22 4 RIV RT RIVERNORTH OPPORTUNITIES FUND, INC.
Transferable Subscription Rights (RIV RT) 		S - Sale -51,429 10,290 -83.33 0.04 -2,062 413
2019-10-24 2019-10-01 4 RIV RT RIVERNORTH OPPORTUNITIES FUND, INC.
Transferable Subscription Rights (RIV RT) 		A - Award 55,668 55,668
2019-10-22 2019-10-21 4 RIV RT RIVERNORTH OPPORTUNITIES FUND, INC.
Transferable Subscription Rights (RIV RT) 		S - Sale -47,938 61,719 -43.72 0.04 -1,721 2,216
2019-10-22 2019-10-18 4 RIV RT RIVERNORTH OPPORTUNITIES FUND, INC.
Transferable Subscription Rights (RIV RT) 		S - Sale -14,465 109,657 -11.65 0.06 -869 6,590
2019-10-18 2019-10-16 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -1,522 115,171 -1.30 16.70 -25,417 1,923,356
2019-10-18 2019-10-16 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,000 116,693 -1.69 16.67 -33,340 1,945,272
2019-10-18 2019-10-16 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,000 118,693 -1.66 16.63 -33,260 1,973,865
2019-10-18 2019-10-01 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Transferable Subscription Rights (RIV RT) 		A - Award 124,122 124,122
2019-10-10 2019-10-08 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -1,429 120,693 -1.17 16.92 -24,179 2,042,126
2019-10-10 2019-10-08 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -1,000 122,122 -0.81 16.88 -16,880 2,061,419
2019-10-10 2019-10-08 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -1,000 123,122 -0.81 16.89 -16,890 2,079,531
2019-10-02 2019-09-30 4 RMI RiverNorth Opportunistic Municipal Income Fund, Inc.
Common Stock 		S - Sale -4,400 2,155 -67.12 22.30 -98,120 48,056
2019-09-27 2019-09-26 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -5,000 124,122 -3.87 17.12 -85,600 2,124,969
2019-09-27 2019-09-25 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,700 129,122 -2.05 17.24 -46,548 2,226,063
2019-09-27 2019-09-09 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -570 131,822 -0.43 17.18 -9,793 2,264,702
2019-09-27 2019-09-09 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -109 132,392 -0.08 17.19 -1,874 2,275,818
2019-08-29 2019-08-28 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -624 132,501 -0.47 16.95 -10,577 2,245,892
2019-08-29 2019-08-27 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,000 133,125 -2.20 16.95 -50,850 2,256,469
2019-08-19 2019-08-16 4 RMI RiverNorth Opportunistic Municipal Income Fund, Inc.
Common Stock 		S - Sale -1,000 6,555 -13.24 22.30 -22,300 146,176
2019-08-19 2019-08-16 4 RMI RiverNorth Opportunistic Municipal Income Fund, Inc.
Common Stock 		S - Sale -1,000 7,555 -11.69 22.21 -22,210 167,797
2019-08-19 2019-08-16 4 RMI RiverNorth Opportunistic Municipal Income Fund, Inc.
Common Stock 		S - Sale -1,000 8,555 -10.47 22.20 -22,200 189,921
2019-08-19 2019-08-15 4 RMI RiverNorth Opportunistic Municipal Income Fund, Inc.
Common Stock 		S - Sale -445 9,555 -4.45 22.20 -9,879 212,121
2019-08-19 2019-08-15 4 RMI RiverNorth Opportunistic Municipal Income Fund, Inc.
Common Stock 		S - Sale -5,000 10,000 -33.33 22.52 -112,600 225,200
2019-08-05 2019-08-01 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,300 136,125 -2.37 17.45 -57,585 2,375,381
2019-08-05 2019-08-01 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,000 139,425 -2.11 17.40 -52,200 2,425,995
2019-07-17 2019-07-16 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -1,755 142,425 -1.22 17.40 -30,537 2,478,195
2019-07-17 2019-07-15 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -4,018 144,180 -2.71 17.65 -70,918 2,544,777
2019-07-17 2019-07-11 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -5,500 148,198 -3.58 17.62 -96,910 2,611,249
2019-07-11 2019-07-10 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,372 153,698 -1.52 17.50 -41,510 2,689,715
2019-07-11 2019-07-10 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,000 156,070 -1.89 17.45 -52,350 2,723,422
2019-07-11 2019-07-09 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -400 159,070 -0.25 17.42 -6,968 2,770,999
2019-07-11 2019-07-08 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -4,500 159,470 -2.74 17.31 -77,895 2,760,426
2019-07-11 2019-07-08 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -738 163,970 -0.45 17.36 -12,812 2,846,519
2019-07-08 2019-07-05 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,400 164,708 -2.02 17.26 -58,684 2,842,860
2019-07-08 2019-07-02 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -370 168,108 -0.22 17.26 -6,386 2,901,544
2019-06-24 2019-06-21 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -581 168,478 -0.34 17.10 -9,935 2,880,974
2019-06-24 2019-06-20 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,000 169,059 -1.17 17.07 -34,140 2,885,837
2019-06-24 3 RMM RiverNorth Managed Duration Municipal Income Fund, Inc.
No securities beneficially owned 		0
2019-06-20 2019-06-18 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -513 171,059 -0.30 17.07 -8,757 2,919,977
2019-06-17 2019-06-13 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -1,000 171,572 -0.58 17.02 -17,020 2,920,155
2019-06-17 2019-06-13 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -4,000 172,572 -2.27 16.97 -67,880 2,928,547
2019-06-17 2019-06-10 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -200 176,572 -0.11 17.10 -3,420 3,019,381
2019-06-17 2019-06-06 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -1,191 176,772 -0.67 16.95 -20,187 2,996,285
2019-06-17 2019-06-06 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -1,329 177,963 -0.74 16.92 -22,487 3,011,134
2019-06-06 2019-06-06 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -671 179,265 -0.37 16.92 -11,353 3,033,164
2019-06-06 2019-06-05 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,000 179,936 -1.10 16.92 -33,840 3,044,517
2019-06-06 2019-06-04 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -800 181,963 -0.44 16.88 -13,504 3,071,535
2019-06-06 2019-06-04 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,000 182,763 -1.08 16.90 -33,800 3,088,695
2019-05-13 2019-05-09 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -5,500 55,666 -8.99 16.79 -92,345 934,632
2019-05-08 2019-05-06 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -5,500 184,763 -2.89 17.22 -94,710 3,181,619
2019-05-08 2019-05-08 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -5,500 61,166 -8.25 16.91 -93,005 1,034,317
2019-05-08 2019-05-07 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -5,500 66,666 -7.62 17.20 -94,600 1,146,655
2019-05-06 2019-05-02 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -5,500 190,263 -2.81 17.06 -93,830 3,245,887
2018-12-21 2018-12-20 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		A - Award 3,000 72,166 4.34 14.44 43,320 1,042,077
2018-12-21 2018-12-20 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		A - Award 5,000 69,166 7.79 14.91 74,550 1,031,265
2018-11-26 2018-11-20 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		A - Award 3,000 64,166 4.90 16.20 48,600 1,039,489
2018-11-20 2018-11-20 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		A - Award 2,000 61,166 3.38 16.38 32,760 1,001,899
2018-11-20 2018-11-19 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		A - Award 5,000 59,166 9.23 16.20 81,000 958,489
2018-11-13 2018-11-07 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		A - Award 8,833 54,166 19.48 16.93 149,543 917,030
2018-10-30 2018-10-26 4 RMI RiverNorth Opportunistic Municipal Income Fund, Inc.
Common Stock 		P - Purchase 5,010 5,010 20.00 100,200 100,200
2018-10-29 2018-10-26 4 RMI RiverNorth Opportunistic Municipal Income Fund, Inc.
Common Stock 		P - Purchase 15,000 15,000 20.00 300,000 300,000
2018-10-12 3 RMI RiverNorth Opportunistic Municipal Income Fund, Inc.
No securities beneficially owned 		0
2018-06-15 2018-06-13 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -678 195,763 -0.35 21.55 -14,611 4,218,693
2018-06-15 2018-06-13 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,500 196,441 -1.75 21.50 -75,250 4,223,482
2018-06-13 2018-06-12 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -300 199,941 -0.15 21.51 -6,453 4,300,731
2018-06-13 2018-06-12 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,000 200,241 -1.48 21.45 -64,350 4,295,169
2018-06-13 2018-06-11 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -17 203,241 -0.01 21.50 -366 4,369,682
2018-06-13 2018-06-11 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,500 203,258 -1.22 21.49 -53,725 4,368,014
2018-06-13 2018-06-11 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,000 205,758 -1.44 21.46 -64,380 4,415,567
2018-06-11 2018-06-08 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -618 208,758 -0.30 21.42 -13,238 4,471,596
2018-06-11 2018-06-08 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,500 209,376 -1.18 21.40 -53,500 4,480,646
2018-06-11 2018-06-07 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -453 211,876 -0.21 21.47 -9,726 4,548,978
2018-06-11 2018-06-07 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,500 212,329 -1.62 21.45 -75,075 4,554,457
2018-06-07 2018-06-05 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,500 215,829 -1.60 21.40 -74,900 4,618,741
2018-06-07 2018-06-05 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -4,000 219,329 -1.79 21.36 -85,440 4,684,867
2018-06-05 2018-06-04 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,437 223,329 -1.08 21.40 -52,152 4,779,241
2018-06-05 2018-06-04 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,000 225,766 -0.88 21.37 -42,740 4,824,619
2018-06-05 2018-06-04 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,000 227,766 -1.30 21.35 -64,050 4,862,804
2018-06-05 2018-06-01 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,000 230,766 -0.86 21.35 -42,700 4,926,854
2018-06-05 2018-06-01 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -1,008 232,766 -0.43 21.37 -21,541 4,974,209
2018-05-31 2018-05-30 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,000 233,774 -1.27 21.31 -63,930 4,981,724
2018-05-31 2018-05-30 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,000 236,774 -0.84 21.29 -42,580 5,040,918
2018-05-31 2018-05-29 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,500 238,774 -1.04 21.27 -53,175 5,078,723
2018-05-31 2018-05-29 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,000 241,274 -1.23 21.25 -63,750 5,127,072
2018-05-31 2018-05-29 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,000 244,274 -0.81 21.23 -42,460 5,185,937
2018-04-17 2018-04-11 4 RMPLX RiverNorth Marketplace Lending Corp
Common Stock 		S - Sale -41,369 0 -100.00 23.96 -991,201
2018-01-12 2018-01-10 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -7,400 246,274 -2.92 20.74 -153,476 5,107,723
2018-01-10 2018-01-09 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -7,000 253,674 -2.69 20.75 -145,250 5,263,736
2018-01-10 2018-01-08 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -7,000 260,674 -2.62 20.59 -144,130 5,367,278
2018-01-05 2018-01-03 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -5,300 272,674 -1.91 20.28 -107,484 5,529,829
2018-01-03 2018-01-02 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -5,000 272,974 -1.80 20.12 -100,600 5,492,237
2018-01-03 2018-01-02 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -8,000 277,974 -2.80 20.08 -160,640 5,581,718
2017-11-21 2017-11-14 4 RMPLX RiverNorth Marketplace Lending Corp
Common Stock 		P - Purchase 8,752 8,752 25.08 219,500 219,500
2017-11-21 2017-11-15 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		A - Award 11,333 45,333 33.33 19.54 221,447 885,807
2017-10-31 2017-10-30 4 RIV RT RIVERNORTH OPPORTUNITIES FUND, INC.
Transferable Subscription Rights 		S - Sale -10,000 261,867 -3.68 0.23 -2,300 60,229
2017-10-31 2017-10-30 4 RIV RT RIVERNORTH OPPORTUNITIES FUND, INC.
Transferable Subscription Rights 		S - Sale -7,860 271,867 -2.81 0.24 -1,886 65,248
2017-10-25 2017-10-23 4 RIV RT RIVERNORTH OPPORTUNITIES FUND, INC.
Transferable Subscription Rights 		S - Sale -19,691 279,727 -6.58 0.22 -4,332 61,540
2017-10-13 2017-10-10 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -4,374 299,416 -1.44 21.05 -92,073 6,302,707
2017-10-13 2017-10-10 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,000 303,790 -0.98 20.97 -62,910 6,370,476
2017-10-13 2017-10-09 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -7,000 306,790 -2.23 21.00 -147,000 6,442,590
2017-10-10 2017-10-05 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,000 62,136 -4.61 20.71 -62,130 1,286,837
2017-10-10 2017-10-05 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -4,000 82,881 -4.60 20.72 -82,880 1,717,286
2017-09-20 2017-09-18 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -3,700 320,790 -1.14 21.09 -78,033 6,765,461
2017-09-18 2017-09-14 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -180 324,490 -0.06 21.11 -3,800 6,849,984
2017-09-18 2017-09-14 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -620 324,670 -0.19 21.12 -13,094 6,857,030
2017-09-12 2017-09-08 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -2,100 325,290 -0.64 21.00 -44,100 6,831,090
2017-09-12 2017-09-08 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -700 327,390 -0.21 21.05 -14,735 6,891,560
2017-09-07 2017-09-06 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -1,000 328,090 -0.30 21.03 -21,030 6,899,733
2017-09-07 2017-09-05 4 RIV RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		S - Sale -7,300 329,090 -2.17 21.10 -154,030 6,943,799
2016-11-22 2016-11-21 4 OPP RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
Common Stock 		P - Purchase 3,000 6,000 100.00 18.45 55,350 110,700
2016-11-18 2016-11-16 4 OPP RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
Common Stock 		P - Purchase 3,000 3,000 18.90 56,700 56,700
2016-11-18 3 RMPLX RiverNorth Marketplace Lending Corp
No securities beneficially owned 		0
2016-11-18 3 [OPP] RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
No securities beneficially owned 		0
2016-11-07 2016-11-02 4 (RIV) RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		P - Purchase 3,000 34,000 9.68 18.70 56,100 635,800
2016-05-02 2016-04-28 4 (RIV) RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		P - Purchase 1,678 31,000 5.72 19.25 32,302 596,750
2016-05-02 2016-04-28 4 (RIV) RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		P - Purchase 322 29,322 1.11 19.00 6,118 557,118
2016-04-08 2016-04-07 4 (RIV) RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		P - Purchase 2,000 29,000 7.41 18.00 36,000 522,000
2016-02-19 2016-02-18 4 (RIV) RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		P - Purchase 2,000 27,000 8.00 16.45 32,900 444,150
2015-12-30 2015-12-29 4 (RIV) RIVERNORTH OPPORTUNITIES FUND, INC.
Common Stock 		P - Purchase 25,000 25,000 20.00 500,000 500,000
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)