RiverNorth Managed Duration Municipal Income Fund :
RMM
RMM
Stock Data
$14.59
$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.
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