RMM

RiverNorth Managed Duration Municipal Income Fund

RMM

Market cap $275M

Overview Fund Activity

13.91 USD

-0.02

0.14%

At close Updated Sep 12, 4:00 PM EDT

1 day

-0.14%

5 days

1.61%

1 month

0.94%

3 months

2.28%

6 months

-4.66%

Year to date

-4.46%

1 year

-12.24%

5 years

-18.46%

10 years

-30.42%

About: RiverNorth Managed Duration Muni Inc Fd is a United States based diversified, closed-end management investment company. Its primary investment objective is current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.

Financials Asset Management

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

450% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 2

46% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 13

20% more funds holding

Funds holding: 41 [Q1] → 49 (+8) [Q2]

0.81% more ownership

Funds ownership: 18.46% [Q1] → 19.27% (+0.81%) [Q2]

2% less capital invested

Capital invested by funds: $52.2M [Q1] → $51M (-$1.17M) [Q2]

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Financial journalist opinion

Join The 1% By Earning 8%: RMM

Municipal bonds are trading at persistent discounts due to the Federal Reserve maintaining interest rates at elevated levels. We forecast additional cuts that will boost values considerably. Collect federal tax-free income.

Join The 1% By Earning 8%: RMM

RMM: With Modest Returns And High Expenses, I'll Continue To Pass

I maintain a 'hold' rating on RMM, despite its attractive 8% yield and notable discount to NAV, due to lingering concerns from past reviews. Municipal bonds remain a core allocation for me, offering superior after-tax yields versus similarly rated corporates, especially as tax rates rise. RMM's current discount to NAV is appealing, but it's consistent with its historical range, so I don't see it as a standout bargain.

RMM: With Modest Returns And High Expenses, I'll Continue To Pass

GoTo Introduces New MDM and RMM Capabilities and Ecosystem Integrations for LogMeIn Resolve to Deliver Greater Value for MSPs

BOSTON--(BUSINESS WIRE)--GoTo, the leader in cloud communications and IT, is doubling down on its commitment to empowering Managed Service Providers (MSPs) with new product features, enhancements, and integrations for LogMeIn Resolve. This announcement follows GoTo's recent consolidation of its IT product portfolio under the well-known LogMeIn brand name, which aims to help customers cut through complexity, enhance productivity, and take control of their IT infrastructure. The global managed se.

GoTo Introduces New MDM and RMM Capabilities and Ecosystem Integrations for LogMeIn Resolve to Deliver Greater Value for MSPs

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 reset distribution rates have been proposed for the calendar year 2025, as detailed below. Further, the Funds have established the distribution dates for January, February, and March 2025. The payment of the distributions are subject to Board approval. Ex Date Record Date Payable Date January 15, 2025 January 15, 2025 January 31, 2025 February 14, 2025 Februa.

RiverNorth Closed-End Funds Declare Monthly Distributions

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 relatively strong performance in 2024 due to the unique and adaptive fund strategy. RMM and its peer RMI (7% yield) are term funds with liquidation in 6-7 years, offering price stability and ensuring NAV discount closure, good for longer-term holding.

RMM: Buy The Recent Muni Dip

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 December 2024, as detailed below. Ex Date Record Date Payable Date October 15, 2024 October 15, 2024 October 31, 2024 November 15, 2024 November 15, 2024 November 29, 2024 December 13, 2024 December 13, 2024 December 31, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset.

RiverNorth Closed-End Funds Declare Monthly Distributions

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 valuations has worked well, and there could be more potential room for this to play out. RMM offers a managed 6.75% distribution based on year-end NAV, and that payout will need to be supported with capital gains and/or return of capital.

RMM: A Hybrid Approach To Muni Bonds With A Trading Strategy

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 July, August and September 2024, as detailed below. Ex Date Record Date Payable Date July 15, 2024 July 15, 2024 July 31, 2024 August 15, 2024 August 15, 2024 August 30, 2024 September 13, 2024 September 13, 2024 September 30, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as.

RiverNorth Closed-End Funds Declare Monthly Distributions

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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 April, May and June 2024, as detailed below. Ex Date Record Date Payable Date April 12, 2024 April 15, 2024 April 30, 2024 May 14, 2024 May 15, 2024 May 31, 2024 June 14, 2024 June 14, 2024 June 28, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as of 3/28/2024 Annualized Curr.

RiverNorth Closed-End Funds Declare Monthly Distributions

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