RMM logo RiverNorth Managed Duration Municipal Income Fund : RMM

RMM

Stock Data

$14.59

Change up

$0.09 (0.62%)

Asset Type

Common Stock

Exchange

NYSE

Currency

USD

Country

USA

Sector

FINANCIAL SERVICES

Industry

ASSET MANAGEMENT

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.