RiverNorth Managed Duration Municipal Income Fund Inc. is a closed-end fund focusing on investment grade municipal debt securities within the United States. Managed by RiverNorth Capital Management, LLC and co-managed by MacKay Shields LLC, it aims to generate income by investing across various maturities. The fund uses a mix of fundamental and quantitative analysis to select investments, benchmarking its performance against the Bloomberg Barclays Municipal Bond Index. Established in 2019, it is designed for investors seeking exposure to municipal bonds.
A great majority of American households are feeling squeezed as prices for essentials like food and medicine continue to climb upwards and buying power diminishes daily. If a family’s monthly grocery bill…
