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

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of 0.0847 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Friday, February 13th.

Rivernorth Managed Duration Municipal Income Fund Stock Down 0.2%

NYSEARCA:RMM traded down $0.04 during mid-day trading on Wednesday, reaching $14.52. The stock had a trading volume of 39,156 shares, compared to its average volume of 69,647. Rivernorth Managed Duration Municipal Income Fund has a 1-year low of $12.55 and a 1-year high of $15.23. The stock’s 50 day simple moving average is $13.94 and its two-hundred day simple moving average is $13.90.

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.