RMM News and Press, RiverNorth Managed Duration Municipal Income Fund Inc From 12/12/22

We’ve got plenty of high-quality dividends on the table as we roll into 2023. Some of the best? Closed-end funds (CEFs) yielding north of 7.5%. Three specific names and tickers are coming up for you below. I mention quality because if 2022 has showed us anything, it’s that quali...

RiverNorth Managed Duration Municipal Income Fund ( NYSE: RMM ) declares $0.0929/share monthly dividend , in line with previous. Forward yield 6.94% Payable July 29; for shareholders of record July 15; ex-div July 14. Payable August 31; for shareholders of reco...

RMM takes a unique approach to invest in individual muni bonds and muni closed-end funds. This approach is taken through two different managers, RiverNorth on the CEF side and MacKay Shields managers for the individual names. Based on the latest allocations, the fund is positioned...

RFM has been declining along with other long-duration assets, which we would expect when the expectation is higher rates. The monthly distribution was bumped up due to their target distribution yield; however, the latest declines would indicate cuts are in the future if it doesn't reb...

Far too many investors ignore dividends, even in a bull market. When there’s a correction, like the one we’ve seen over the last few weeks, they flip the script, making safe cash dividends a lot more popular. Luckily for us, there’s one ignored corner of the market ...

RiverNorth Managed Duration Municipal Income Fund (RMM) had declared $0.0917/share monthly dividend, in line with previous.Payable July 30; for shareholders of record July 16; ex-div July 15.Payable Aug 31; for shareholders of record Aug 17; ex-div Aug 16.Payable Sept 30; for shareholder...

Munis, both tax-exempt and taxable, had a reasonably strong first half of the year. A combination of a rebounding economy, stronger than expected tax receipts, and federal aid, all point to the possibility of more gains in the months ahead. Despite these positives, investors shoul...

RiverNorth has been busy in the last few years offering new funds; RFMZ is the latest effort they've brought to market. This one is another similar hybrid municipal bond fund approach to the others that we have been touching on. RFMZ launched on just 2/24/2021, so we don't have a ...

RFM is the third fund that we've covered that is similar to RMI and RMM. This fund also utilizes the hybrid approach between CEF holdings and individual muni holdings. This fund launched at a great time, March 27th, 2020 - they were able to take advantage of the market declines at...

RMM is another RiverNorth fund that is similar to RMI that we just covered. The strategies are largely the same; however, RMM is meaningfully larger, and the portfolio hedged duration is shorter. Over the last year, RMM has outperformed RMI as well. For further details see: ...