Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) to Issue $0.09 Dividend

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMMGet Free Report) declared a dividend on Tuesday, July 8th, investing.com reports. Shareholders of record on Wednesday, July 16th will be given a dividend of 0.0905 per share on Thursday, July 31st. This represents a yield of 8.03%. The ex-dividend date is Tuesday, July 15th.

Rivernorth Managed Duration Municipal Income Fund Trading Up 0.1%

RMM stock opened at $13.54 on Wednesday. The business’s 50-day moving average price is $13.65 and its two-hundred day moving average price is $14.18. Rivernorth Managed Duration Municipal Income Fund has a 1-year low of $12.55 and a 1-year high of $16.37.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Rivernorth Managed Duration Municipal Income Fund stock. Royal Bank of Canada raised its position in Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMMFree Report) by 10.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 268,226 shares of the company’s stock after purchasing an additional 25,822 shares during the quarter. Royal Bank of Canada’s holdings in Rivernorth Managed Duration Municipal Income Fund were worth $3,841,000 at the end of the most recent reporting period.

Rivernorth Managed Duration Municipal Income Fund Company Profile

(Get Free Report)

Rivernorth Managed Duration Municipal Income Fund Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities.

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Dividend History for Rivernorth Managed Duration Municipal Income Fund (NYSEARCA:RMM)

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