RiverNorth Managed Duration Municipal Income Fund, Inc.
A closed-end fund for tax-exempt income from muni bonds & funds, managing interest rate risk.
RMM | US
Overview
Corporate Details
- ISIN(s):
- US76882H1059
- LEI:
- Country:
- United States of America
- Address:
- 360 S. ROSEMARY AVE, 33401 WEST PALM BEACH
- Website:
- https://www.rivernorth.com/rmm
- Sector:
- Mining and quarrying
- Industry:
- Extraction of natural gas
Description
RiverNorth Managed Duration Municipal Income Fund, Inc. (RMM) is a closed-end fund with the primary investment objective of providing current income exempt from regular U.S. federal income taxes. The fund employs a hybrid investment strategy, allocating assets between two main components: a portfolio of direct municipal bonds and a tactical portfolio of other municipal closed-end funds. This dual approach is managed by MacKay Shields LLC (direct bonds) and RiverNorth Capital Management, LLC (tactical fund-of-funds). A key feature is its 'managed duration' strategy, which actively seeks to mitigate interest rate risk. The fund may invest in municipal securities of any credit quality, including below-investment-grade bonds, and may utilize leverage. As a closed-end fund, its shares are traded on the secondary market.
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Filings
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|---|---|---|---|---|---|
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Market Data
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Financials & KPIs
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Insider Transactions
| Date | Insider Name | Position | Type | Shares | Value |
|---|---|---|---|---|---|
| No insider transactions recorded for this company. | |||||
Peer Companies
