Easterly ROCMuni High Income Bond Fund Investors Urged to Act Quickly Before Deadline

Important Notice for Easterly ROCMuni Fund Investors

Investors in the Easterly ROCMuni High Income Municipal Bond Fund are facing a critical situation following a sharp decline in share value. The fund, formerly known as Principal Street High Income Municipal Fund, has been at the center of a class action lawsuit regarding significant losses experienced by its shareholders.

The lead plaintiff deadline is approaching quickly, with the last day for investors to submit their information being September 22, 2025. Wolf Haldenstein Adler Freeman & Herz LLP is representing those impacted by this situation, encouraging all affected individuals to get in touch without delay.

Background of the Situation

The Easterly ROCMuni Fund has faced alarming changes. On June 13, 2025, the fund made a drastic move by marking down its shares' value by a staggering 30%. For example, the net asset value (NAV) per share dropped from $6.15 to $4.33 for RMHIX shares, while RMHVX shares slipped from $6.19 to $4.36, and RMJAX shares fell from $6.13 to $4.31. In just two weeks, the situation deteriorated further, plummeting below $3 per share.

This unprecedented loss has had a dire effect, reducing the total net assets of the Easterly ROCMuni Fund from over $230 million in March 2025 to less than $17 million by July 2025. Such drastic shifts have raised serious concerns about the management of the fund and the information provided to investors.

Legal Action and Lead Plaintiff Information

In light of these developments, a class action lawsuit has already been initiated, offering affected investors a path to seek compensation for their losses. Those wishing to participate and take on the role of lead plaintiff must file their motions by the specified deadline. It is crucial for all investors who purchased shares during the class period, from May 5, 2023, to June 12, 2025, to understand their rights and options.

Why Choose Wolf Haldenstein?

Wolf Haldenstein Adler Freeman & Herz LLP has a longstanding reputation for championing the rights of investors. With more than 125 years of experience in securities litigation, they have successfully defended numerous clients in similar positions. Their commitment to achieving justice for those who have suffered financial loss due to misrepresentation and negligence is well-documented.

Potential plaintiffs are encouraged to gather relevant details and contact the firm's team for further assistance. Investors can reach out through phone at (800) 575-0735 or (212) 545-4774, or they can send an email to [email protected] for inquiries.

Conclusion

In these challenging times, it's vital for the investors in the Easterly ROCMuni High Income Municipal Bond Fund to act promptly to protect their interests. With a critical deadline looming, taking the steps to join the class action lawsuit may be essential for recovering losses incurred during this turbulent period. The team at Wolf Haldenstein stands ready to assist those who reach out, ensuring that every investor's voice is heard in this matter.