Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) Declares Monthly Dividend of $0.08

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) declared a monthly dividend on Wednesday, April 1st. Investors of record on Monday, June 15th will be paid a dividend of 0.0847 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Monday, June 15th.

Rivernorth Managed Duration Municipal Income Fund Stock Performance

NYSEARCA RMM remained flat at $14.60 during trading hours on Friday. The company had a trading volume of 66,830 shares, compared to its average volume of 54,052. The firm has a fifty day moving average price of $14.31 and a 200-day moving average price of $14.12. Rivernorth Managed Duration Municipal Income Fund has a 12 month low of $13.28 and a 12 month high of $14.88.

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.