Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Research
The Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is a closed-end investment vehicle dedicated to fixed-income assets. It was launched and is managed by RiverNorth Capital Management, LLC, with MacKay Shields LLC serving as co-manager. The fund's strategy involves investing in the U.S. fixed-income markets, with a primary focus on investment-grade municipal debt across all maturities. To guide its investment decisions, the fund utilizes a combination of fundamental and quantitative analysis, underpinned by proprietary research for portfolio construction. Its performance is measured against the Bloomberg Barclays Municipal Bond Index. This fund, domiciled in the United States, commenced operations on July 26, 2019.
Market snapshot
- Symbol
- RMM
- Price
- $14.59
- Day change
- +0.55%
- Market cap
- $288.0M
- P/E ratio
- -22.45x
- 52-week range
- 13.282-14.88
- Sector
- Financial Services
- Industry
- Asset Management - Income
Peer companies
- Abrdn Emerging Markets Equity Income Fund Inc (AEF)
- BlackRock Income Trust, Inc. (BKT)
- Bank of New York Mellon Corp (BNY)
- BlackRock Municipal Income Quality Trust (BYM)
- Ellsworth Growth and Income Fund Ltd. (ECF)
- MFS Charter Income Trust (MCR)
- Aberdeen Multi-Market Income Fund (MMT)
- Virtus Convertible & Income Fund II (NCZ)
Recent insider activity
- RiverNorth Financial Holdings, LLC — trade (0 shares) on 2025-09-18
- RiverNorth Strategic Holdings, LLC — trade (0 shares) on 2024-11-22
- Browne Jonathan Paul — P-Purchase (800 shares) on 2025-04-10
- Galley Patrick W. — P-Purchase (2000 shares) on 2025-04-08
- Galley Patrick W. — P-Purchase (2000 shares) on 2025-04-08
Open Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.