RiverNorth Managed Duration Municipal Income Fund II

RMMZ

Market cap $126M

Municipal bond closed-end funds (CEFs) are seeing narrowing discounts, with NXP and MHF offering the most compelling value in the space at present. Leverage costs are easing as the Fed cuts rates, which should improve distribution coverage and make leveraged muni CEFs more attractive. Of course, there are always risks that include increased volatility from leverage and sensitivity to long-term Treasury rates, but we've seen long-term rate stabilization within a fairly narrow range.

RMMZ offers unique swap opportunities and diversification via a hybrid muni bond and fund-of-funds approach, but there are some potential drawbacks. The current discount has narrowed, making RMMZ less attractive relative to its sister funds for considering. The distribution yield is high at 7.8%, but overdistribution leads to a mix of tax-exempt income and return of capital, impacting sustainability and tax treatment.

What if I told you we've got a shot at grabbing 2 cheap muni bonds that kick out huge dividends—I'm talking 7.5% and higher—and those payouts are tax-free too?

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.

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.

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 Managed Duration Municipal Income Fund II is a closed-end fund that provides exposure to municipal bonds. RMMZ utilizes a portfolio that includes individual municipal bonds and a fund-of-funds approach, investing in other CEF muni funds. RMMZ offers a potentially attractive discount and can be used tactically as a swap partner with other similar RiverNorth funds.

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.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the distribution rates have been reset for the calendar year 2024, as detailed below. Further, the Funds have declared distributions for January, February, and March 2024. Ex Date Record Date Payable Date January 12, 2024 January 16, 2024 January 31, 2024 February 14, 2024 February 15, 2024 February 29, 2024 March 14, 2024 March 15, 2024 March 28, 2024 Tax-Exempt.

RiverNorth Managed Duration Municipal Income Fund II combines two investment strategies in its portfolio. RMMZ has $146.6m in common assets and $231m in total AUM, with a yield of 6.9%. The fund implements a managed duration strategy and shifts allocation between the two strategies based on market conditions.