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

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.0847 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Tuesday, September 15th.

Rivernorth Managed Duration Municipal Income Fund Stock Up 0.2%

Shares of Rivernorth Managed Duration Municipal Income Fund stock opened at $14.81 on Thursday. The firm’s fifty day simple moving average is $14.44 and its 200-day simple moving average is $14.19. Rivernorth Managed Duration Municipal Income Fund has a 12 month low of $13.35 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.