Stock Events

RiverNorth Managed Duration Municipal Income Fund 

$15.55
9
+$0.1+0.65% Friday 20:00

Statistics

Day High
15.64
Day Low
15.49
52W High
15.64
52W Low
11.66
Volume
34,253
Avg. Volume
42,393
Mkt Cap
306.95M
P/E Ratio
0
Dividend Yield
7.07%
Dividend
1.1

Upcoming

31
JUL
Dividend Payment
15
AUG
Dividend Ex
30
AUG
Dividend Payment
13
SEP
Dividend Ex
30
SEP
Dividend Payment
12
OCT
Dividend Ex
31
OCT
Dividend Payment
14
NOV
Dividend Ex
30
NOV
Dividend Payment
14
DEC
Dividend Ex

Dividends

7.07%Dividend Yield
Jul 24
$0.09
Jun 24
$0.09
May 24
$0.09
Apr 24
$0.09
Mar 24
$0.09
10Y Growth
N/A
5Y Growth
24.55%
3Y Growth
-0.04%
1Y Growth
0.55%

Earnings

8SepConfirmed
Q2 2020
Q4 2020
Q2 2021
Q4 2021
Q2 2022
-3.28
-1.55
0.19
1.92
Expected EPS
0
Actual EPS
-3.28

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Competitors

This list is an analysis based on recent market events. It's not an investment recommendation.
Nuveen AMT-Free Quality Municipal Income Fund
NEA
Mkt Cap3.38B
NEA, Nuveen AMT-Free Quality Municipal Income Fund, directly competes by offering tax-free income through municipal bond investments, similar to RMM's focus on municipal income.
Nuveen Quality Municipal Income Fund
NAD
Mkt Cap2.74B
Nuveen Quality Municipal Income Fund, like RMM, invests in municipal bonds aiming to provide tax-free income, making it a direct competitor in the municipal bond space.
iShares National Muni Bond
MUB
Mkt Cap37.72B
iShares National Muni Bond ETF offers diversified exposure to the municipal bond market, competing with RMM's municipal bond investment strategy.
Pimco Municipal Income Fund II
PML
Mkt Cap557.9M
PIMCO Municipal Income Fund II focuses on investing in municipal bonds to generate tax-free income, similar to RMM's investment objective.
Vanguard Tax-Exempt Bond
VTEB
Mkt Cap33.09B
Vanguard Tax-Exempt Bond ETF provides exposure to tax-exempt municipal bonds, directly competing with RMM's tax-free income strategy.
Invesco Quality Municipal Income Trust
IQI
Mkt Cap521.43M
Invesco Quality Municipal Income Trust, like RMM, aims to provide investors with quality tax-exempt income, making it a competitor in the municipal bond market.
Pimco Municipal Income Fund
PMF
Mkt Cap242.07M
PIMCO Municipal Income Fund invests in a diversified portfolio of municipal bonds, competing with RMM in seeking to provide tax-free income.
VanEck High Yield Muni
HYD
Mkt Cap3.1B
VanEck Vectors High-Yield Municipal Index ETF focuses on high-yield municipal bonds, offering a riskier but potentially higher-yielding alternative to RMM's investment strategy.
BlackRock Investment Quality Municipal Trust
BKN
Mkt Cap210.73M
BlackRock Investment Quality Municipal Trust Inc. targets investment in municipal bonds for tax-exempt income, competing with RMM's municipal bond focus.
VanEck CEF Muni Income
XMPT
Mkt Cap226.38M
VanEck Vectors CEF Municipal Income ETF invests in a portfolio of municipal bond closed-end funds, offering a similar tax-exempt income focus as RMM but through a different structure.

About

Miscellaneous
Investment Trusts/Mutual Funds
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 Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 26, 2019 and is domiciled in the United States.
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CEO
Country
US
ISIN
US76882H1059

Listings

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US
RMM
NMFQS
US
XRMMX