Rivernorth Managed Duration Municipal Income Fund Inc. (RMM)
| Market Value | 314.65M |
| Revenue (ttm) | n/a |
| Net Income (ttm) | n/a |
| Shares Out | 19.74M |
| EPS (ttm) | n/a |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $1.10 (6.90%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 49,714 |
| Open | 16.02 |
| Previous Close | 15.96 |
| Day's Range | 15.92 - 16.15 |
| 52-Week Range | 13.97 - 16.37 |
| Beta | 0.60 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About RMM
Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal ... [Read more]
News
RMM: Buy The Recent Muni Dip
The recent 10-year Treasury yield spike presents a buying opportunity in the muni bond CEFs offering better NAV discount and high yield. RiverNorth Managed Duration Muni offers a 6.88% yield and relat...
RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have declared distributions for October, November and De...
RMM: A Hybrid Approach To Muni Bonds With A Trading Strategy
RiverNorth Managed Duration Municipal Income Fund is a muni bond-focused fund managed by RiverNorth and MacKay Shields. A swap to RiverNorth Flexible Municipal Income Fund II based on relative valuati...
RMM: An Expensive Way To Access The Municipal Bond Sector
RMM has seen a negative total return since my prior review years ago. Going forward, I'm reluctant to place a buy rating on it. The use of return of capital is extensive, suggesting a distribution cut...
RMM And RFMZ: A Swap Makes Sense
RiverNorth Capital Management offers several closed-end funds with municipal bond exposure, presenting an opportunity for swap trades. RMM is trading at a narrow discount on an absolute and relative b...
RMM: Municipal Bond Fund With A Hybrid Approach
We recently touched on RFM, and today, we are looking at RMM, its slightly older sister fund. RMM and RFM share many similarities, which means they face the same negatives in the future.
The Safest Way To Get 7.5% Dividends (Perfect For 2023)
We've got plenty of high-quality dividends on the table as we roll into 2023.
RMM: A Unique Approach To Muni Investing
RMM takes a unique approach to invest in individual muni bonds and muni closed-end funds. This approach is taken through two different managers, RiverNorth on the CEF side and MacKay Shields managers ...