Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) To Go Ex-Dividend on May 15th

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) declared a monthly dividend on Wednesday, April 1st. Investors of record on Friday, May 15th will be paid a dividend of 0.0847 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Friday, May 15th.

Rivernorth Managed Duration Municipal Income Fund Stock Down 0.2%

RMM stock traded down $0.02 during mid-day trading on Wednesday, reaching $14.44. The company had a trading volume of 4,601 shares, compared to its average volume of 56,587. Rivernorth Managed Duration Municipal Income Fund has a 52 week low of $13.28 and a 52 week high of $14.88. The stock has a 50 day simple moving average of $14.14 and a two-hundred day simple moving average of $14.06.

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.