Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) to Issue Monthly Dividend of $0.09 on June 30th

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM – Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Friday, June 13th will be paid a dividend of 0.0905 per share on Monday, June 30th. This represents a $1.09 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date is Friday, June 13th.

Rivernorth Managed Duration Municipal Income Fund Stock Down 3.5 %

RMM opened at $13.89 on Friday. The company has a fifty day moving average of $14.78 and a two-hundred day moving average of $15.19. Rivernorth Managed Duration Municipal Income Fund has a fifty-two week low of $13.89 and a fifty-two week high of $16.37.

About Rivernorth Managed Duration Municipal Income Fund

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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.

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