RMM News and Press, RiverNorth Managed Duration Municipal Income Fund Inc From 05/04/21

The question today is, should you avoid CEF IPOs? From the data we have compiled, it seems that the averages come to be quite flat and it largely depends on the circumstances of its launch. One potential way to play this could be buying on day 1 and selling after 1-month of holdin...

Today, I wanted to go over two funds that should tentatively be launching in the future. The fund sponsors have filed with the SEC forms N-2 - this is a file to register new offerings, secondary offerings or anything that involves new shares being created. Both appear like they co...

For the fifth month in a row, equity CEFs on average posted positive returns, rising 2.77% on an NAV basis for March. While for the eleventh month in 12 fixed income CEFs posted plus-side returns (+0.45%). Twenty-four percent of all CEFs traded at a premium to their NAV, with 23% ...

RMM consistently comes on my radar due to its current yield above 6% and double-digit discount to NAV, two very attractive qualities. I continue to like munis as a whole because corporate buying has been increasing, and the sector provides a relevant hedge against equities. Despit...

With hundreds of open-end and closed-end funds in the tax-exempt sector figuring out the best allocation is a daunting task. Funds-of-funds, or funds that hold other municipal funds, are attractive in providing a way to quickly gain exposure to a basket of funds and eliminate an eleme...

On the face of it RMM looks a terrific option in the muni sector - high yield, attractive discount valuation and very high-quality underlying portfolio. The trouble is that the combination of the fund's high-quality assets, high leverage costs and high management fees combine to resul...

(This report was issued to members of Yield Hunting on August 19th. All data herein is from that date.) RiverNorth Flexible Municipal Income ( RFM ) This is a new fund that we are now adding to our Muni Core list of funds. We think this fund offers up some nice after-tax yield [note th...

You can still find plenty of high, safe payouts in my favorite corner of the high-yield market: closed-end funds (CEFs). Take a look at RMM, ASG and UTF. This crisis has hit income-seekers—particularly retirees—hard. After the stomach-churning March selloff came the slashing o...

Several RiverNorth Closed-End Funds announced the declaration of monthly distributions for the months of July, August and September 2020, as detailed below. The following dates apply to the monthly distribution declarations for the tax-exempt and taxable closed-end funds: Tax-Exempt Dist...

Main Thesis The purpose of this article is to evaluate the RiverNorth Opportunistic Municipal Income Fund ( RMI ) as an investment option at its current market price. As my readers know, I continue to favor muni bond exposure in 2020, despite rising valuations due to a strong 2019. I see tax...