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RiverNorth Managed Duration Municipal Income Fund, Inc.  as of 09/30/2022

NYSE / RMM Asset Class:  Gen & Ins Leveraged 1 YR Lipper Avg:  -20.29%

Growth of $10K

Avg Annual Total Return %
  10 YR 5 YR 1 YR YTD
Market Return -- -- -21.47% -23.71%
Lipper Pct. Rank -- -- 12 19
NAV Return -- -- -18.24% -20.11%
Lipper Pct. Rank -- -- 21 26
Premium/Discount History

Premium/Discount
10 YR Avg 5 YR Avg YTD Avg
-- -- -4.400%

NAV $15.43 Market Price $14.62
Net Change $0.01 Market Change -$0.11
Premium/Discount -5.25%
1 YR NAV Return -18.238%
1 YR NAV Rank 21
12-Mo Yield as of 8/31/2022 Yield Def
Income Only Yield 2.36%
Distribution Yield (Market) 6.92%
Most Recent Income Dividend $0.093
Ex-Div Date 8/16/2022
Most Recent Cap Gain Dividend $0.087
Ex-Div Date 12/11/2019
Dividend Frequency Monthly
YTD Dividends $0.743
YTD Capital Gains --
Inception Date 7/25/2019
Fund Advisor RiverNorth Capital Management Inc
Manager & Tenure Team Managed
Phone --
Website www.rivernorth.com
Total Net Assets (mil) as of 8/31/2022 $326.8
% Leveraged Assets as of -- 36.48%
Portfolio Turnover 109.00%
Mgmt Fees 2.231%
Expense Ratio 2.790%
Alternative Minimum Tax 10.40%
Fund Objective
The Fund seeks current income exempt from regular U.S. federal income taxes and total return. The Fund will invest at least 80% of assets in municipal bonds. It will seek to allocate its assets among 2 principal investment strategies namely Tactical Municipal Closed-End Fund Strategy and Municipal Bond Income Strategy.
Total Net Assets by Category (as of 12/31/2021)
Long-Term Taxable 93.00%
Portfolio Other 7.00%

 

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