RMM - RMM: The Only Muni CEF With A 5% Yield Achieved Through A Unique Strategy
Main Thesis
The purpose of this article is to evaluate the RiverNorth Managed Duration Municipal Income Fund (RMM) as an investment option at its current market price. As my readers are aware, I have been pushing muni bond exposure for some time. However, my outlook turned a bit more cautious towards the end of last year, as rising issuance and refinancing activity began to pressure yields in the sector. However, that did not mean I was avoiding the sector, but rather that I am looking very critically for relative value.
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