Rivernorth Managed Duration Municipal Income Fund Inc. Declares Monthly Dividend of $0.09 (NYSEARCA:RMM)

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) declared a monthly dividend on Friday, April 4th, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be given a dividend of 0.0905 per share on Monday, June 30th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date is Friday, June 13th.

Rivernorth Managed Duration Municipal Income Fund Trading Down 3.5 %

Shares of NYSEARCA:RMM opened at $13.89 on Friday. The stock has a 50-day simple moving average of $14.78 and a 200-day simple moving average of $15.18. Rivernorth Managed Duration Municipal Income Fund has a 1 year low of $13.89 and a 1 year high of $16.37.

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.