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

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) announced a monthly dividend on Friday, January 2nd. Investors of record on Monday, March 16th will be paid a dividend of 0.0847 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, March 16th.

Rivernorth Managed Duration Municipal Income Fund Trading Up 1.2%

RMM traded up $0.17 during trading on Friday, hitting $14.41. The company had a trading volume of 26,137 shares, compared to its average volume of 61,174. Rivernorth Managed Duration Municipal Income Fund has a 1-year low of $12.55 and a 1-year high of $14.88. The business has a 50-day moving average of $14.21 and a 200-day moving average of $14.01.

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.