Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) to Issue Monthly Dividend of $0.08 on February 27th

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.0847 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Friday, February 13th.

Rivernorth Managed Duration Municipal Income Fund Stock Down 0.1%

Shares of RMM stock traded down $0.02 on Wednesday, reaching $14.54. 43,974 shares of the company were exchanged, compared to its average volume of 70,111. Rivernorth Managed Duration Municipal Income Fund has a 1 year low of $12.55 and a 1 year high of $15.23. The business has a 50-day moving average price of $13.94 and a 200 day moving average price of $13.90.

About Rivernorth Managed Duration Municipal Income Fund

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.