Did You Buy Easterly ROCMuni High Income Municipal Bond Fund (RMHIX)?  

Silver Law Group seeks to speak to investors in the Easterly ROCMuni High Income Municipal Bond Fund (RMHIX), which has recently declined in value by about half. Our firm may be able to help you recover your losses.

If you bought or acquired shares of Easterly ROCMuni High Income Municipal Bond Fund (RMHIX), Silver Law Group may be able to recover your investment losses. Contact us at 800-975-4345 or ssilver@silverlaw.com for a no-cost consultation.

Easterly ROCMuni High Income Municipal Bond Fund (RMHIX)

Easterly Funds claims on its website that the objective of its High Income Municipal Bond Fund is “to provide current income exempt from regular federal income tax. The Fund’s secondary objective is to seek total return.”

The mutual fund started operations in 2017, and states that its fund managers use “a comprehensive bottom-up credit analysis and relative value-based security selection to build diversified, higher-yielding portfolios built upon under-valued and overlooked sectors of the municipal bond market.”

RMHIX Craters, Allegations Of Misleading/False Statements In Lawsuit

Municipal bonds are typically regarded as offering low risk with low returns and capital preservation. But RMHIX has suffered an incredible loss in net assets from $230 million in March, 2025 to under $17 million in July, 2025. The price of the fund has dropped from $6.95 in February, 2025 to $2.95 per share in August, 2025.

A lawsuit was filed on behalf of investors in the Easterly ROCMuni High Income Municipal Bond Fund (RMHIX) against the fund, certain of the fund’s underwriters, its former investment adviser Principal Street Partners, and some executives and trustees.

The lawsuit against the Easterly ROCMuni Fund alleges that the defendants violated the federal securities laws including making misleading and/or false statements, with allegations including:

-“A fundamentally flawed pricing and valuation methodology” that “systematically inflated” the fund’s NAV.

-The fund “was more heavily invested in illiquid assets than disclosed in its Offering Materials”.

-The fund marked “assets at artificially inflated prices that did not reasonably reflect the fair value of those assets”.

-The fund’s “assets were more closely correlated and less diversified that disclosed in its Offering Materials”.

Financial advisers registered with Stifel Nicolaus & Company and Osaic Wealth allegedly recommended the Easterly ROCMuni Fund to their clients shortly before its dramatic drop in value. The fund may not have fit the risk profile for the investors it was sold to and/or may have been misrepresented.

Do You Own Shares Of Easterly ROCMuni High Income Municipal Bond Fund (RMHIX)?

Silver Law Group is a nationally-recognized law firm whose attorneys represent victims of securities and investment fraud nationwide, and internationally, in class action lawsuits against issuers in state and federal court, and in arbitration claims in cases of stockbroker misconduct.

Scott Silver, Silver Law Group’s managing partner, is the chairman of the Securities and Financial Fraud Group of the American Association of Justice. Contact us for a consultation at no-cost at ssilver@silverlaw.com or call (800) 975-4345.