Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) To Go Ex-Dividend on October 16th

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Friday, October 16th will be given a dividend of 0.0847 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Friday, October 16th.

Rivernorth Managed Duration Municipal Income Fund Stock Up 0.4%

Shares of NYSEARCA:RMM opened at $14.87 on Friday. The business has a 50-day moving average of $14.45 and a two-hundred day moving average of $14.20. Rivernorth Managed Duration Municipal Income Fund has a fifty-two week low of $13.35 and a fifty-two week high of $14.98.

About Rivernorth Managed Duration Municipal Income Fund

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. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index.