RiverNorth Municipal

Partners L.P

Fund Investment Objectives

The portfolio seeks current income exempt from regular federal income taxes while preserving capital. To implement the portfolio's strategy, the manager typically invests in municipal bond closed-end funds and exchange-traded funds. The manager specializes in the research and analysis of closed-end funds. The manager believes that opportunistic, discount-based investments in closed-end fund shares can potentially earn excess returns over the closed-end fund's underlying benchmark index.