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

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Wednesday, April 15th will be given a dividend of 0.0847 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Wednesday, April 15th.

Rivernorth Managed Duration Municipal Income Fund Trading Down 0.3%

Shares of NYSEARCA RMM traded down $0.05 during trading on Monday, reaching $14.42. The company had a trading volume of 33,246 shares, compared to its average volume of 61,549. Rivernorth Managed Duration Municipal Income Fund has a 12-month low of $13.06 and a 12-month high of $14.88. The business’s 50-day moving average is $14.17 and its 200 day moving average is $14.03.

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.