RiverNorth Managed Duration Municipal Income Fund II, Inc.
A closed-end fund investing in municipal bonds for tax-exempt income.
RMMZ | US
Overview
Corporate Details
- ISIN(s):
- US76882M1045
- LEI:
- Country:
- United States of America
- Address:
- 360 S. ROSEMARY AVE, 33401 WEST PALM BEACH
Description
RiverNorth Managed Duration Municipal Income Fund II, Inc. is a diversified, closed-end management investment company. The fund's primary investment objective is to provide current income exempt from regular U.S. federal income taxes, with a secondary objective of total return. To achieve this, the fund invests at least 80% of its assets in municipal bonds under normal market conditions. A key feature of its strategy is the active management of portfolio duration to mitigate interest rate risk, which may involve using hedging instruments. The fund may also employ leverage to potentially enhance returns. As a term fund, it has a scheduled termination date, subject to potential extensions or conversion to a perpetual fund based on certain conditions.
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Filings
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|---|---|---|---|---|---|
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Market Data
Market Data Not Available
Financials & KPIs
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Insider Transactions
| Date | Insider Name | Position | Type | Shares | Value |
|---|---|---|---|---|---|
| No insider transactions recorded for this company. | |||||
Peer Companies
