Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) To Go Ex-Dividend on July 15th

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) declared a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be given a dividend of 0.0847 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Wednesday, July 15th.

Rivernorth Managed Duration Municipal Income Fund Price Performance

RMM stock opened at $14.97 on Monday. Rivernorth Managed Duration Municipal Income Fund has a 12 month low of $13.35 and a 12 month high of $15.00. The company has a 50-day moving average price of $14.53 and a 200 day moving average price of $14.25.

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.