LOS ANGELES, Aug. 7, 2025 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Easterly ROCMuni High Income Municipal Bond Fund f/k/a Principal Street High Income Municipal Fund ("Easterly" or the "Fund") (NASDAQ: RMHIX, RMHVX, RMJAX) have...
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What is the potential impact of the lawsuit on the fund's net asset value (NAV) and future inflows/outflows?
How will the announcement of a securities fraud lawsuit affect the market price of RMHIX, RMHVX, and RMJAX?
Will the lawsuit lead to any changes in the fund's management or investment strategy?
Are there any regulatory or compliance implications that could result in further penalties or restrictions for the fund?
What are the likely legal costs and potential settlement amounts the fund may face, and how might those be reflected in the fund's performance?
Could this news trigger a sell‑off or cause increased volatility in the municipal bond market?
What is the expected timeline for the lawsuit and any related disclosures that could affect the fund's reporting periods?
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How might this news influence the credit ratings of the underlying municipal securities held by the fund?
Will the lawsuit affect the fund's ability to meet its obligations to investors, such as redemptions or distributions?