Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) to Issue Monthly Dividend of $0.08 on November 30th

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSE:RMM) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Monday, November 16th will be given a dividend of $0.0847 per share on Monday, November 30th. This represents a $1.02 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Monday, November 16th.

Rivernorth Managed Duration Municipal Income Fund Stock Up 1.6%

Shares of NYSE RMM opened at $12.79 on Friday. Rivernorth Managed Duration Municipal Income Fund has a twelve month low of $12.15 and a twelve month high of $15.00. The stock has a fifty day simple moving average of $13.92 and a 200-day simple moving average of $14.21.

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.