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RiverNorth Managed Duration Municipal Income Fund

RMM · NYSE

$13.29+$0.03 (+0.23%)TodayMarket closed ·
Prev close $13.26

About RMM

RiverNorth Managed Duration Municipal Income Fund Inc is a US-based company operating in industry. The company is headquartered in West Palm Beach, Florida. The company went IPO on 2019-07-26. RiverNorth Managed Duration Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The Fund’s secondary investment objective is total return. The Fund’s investment strategy includes Tactical Municipal Closed-End Fund (CEF) Strategy and Municipal Bond Income Strategy. The Tactical Municipal CEF Strategy typically invests in municipal CEFs and exchange-traded funds (ETFs) and other investment companies. The Municipal Bond Income Strategy primarily invests in municipal debt securities of any credit quality, including securities that are rated below investment grade. The Fund’s investment adviser is RiverNorth Capital Management, LLC and the Fund’s sub-adviser is MacKay Shields, LLC.

Employees
0
Headquarters
West Palm Beach, Florida
Listed
Jul 26, 2019
Sector
N/A
Industry
N/A
Website
rivernorth.com

RMM key statistics

Market cap
262.34M
Price-earnings ratio
7.81
Dividend yield
7.98%
Average volume
92.87K
Volume
45.04K
Open price
$13.29
High today
$13.32
Low today
$13.16
52 Week high
$15.00
52 Week low
$12.15

RiverNorth Managed Duration Municipal Income Fund (RMM) at a glance

As of Oct 23, 2026, RiverNorth Managed Duration Municipal Income Fund (RMM) shares are priced at $13.29, giving the company a market cap of 262.34M, a price-to-earnings ratio of 7.81 and a dividend yield of 7.98%.

Today the stock has traded between $13.16 and $13.32. The current price is 1.0% above the day's low and 0.2% below its high.

Volume so far is 45.04K shares, below the average of 92.87K shares a day.

Over the past year RiverNorth Managed Duration Municipal Income Fund has ranged from $12.15 to $15.00, and now sits 40% of the way up that range.

RMM news

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

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Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.