Rivernorth Managed Duration Municipal Income Fund Inc. (RMM)
Rivernorth Managed Duration Municipal Income Fund Inc. operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $14.47, down 0.62% on the session, giving a market capitalisation of $285.6M. On trailing twelve-month figures it carries a trailing P/E of -22.26, a net margin of 250.0%. Its beta of 0.75 implies it has historically moved less than the broad market.
The Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is a closed-end investment vehicle dedicated to fixed-income assets. It was launched and is managed by RiverNorth Capital Management, LLC, with MacKay Shields LLC serving as co-manager. The fund's strategy involves investing in the U.S. fixed-income markets, with a primary focus on investment-grade municipal debt across all maturities. To guide its investment decisions, the fund utilizes a combination of fundamental and quantitative analysis, underpinned by proprietary research for portfolio construction. Its performance is measured against the Bloomberg Barclays Municipal Bond Index. This fund, domiciled in the United States, commenced operations on July 26, 2019.
Rivernorth Managed Duration Municipal Income Fund Inc. is most often compared with the following Financial Services names: