Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) To Go Ex-Dividend on October 15th

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) announced a monthly dividend on Tuesday, October 1st, NASDAQ reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.0916 per share on Thursday, October 31st. This represents a $1.10 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date of this dividend is Tuesday, October 15th.

Rivernorth Managed Duration Municipal Income Fund Stock Up 0.4 %

Shares of RMM opened at $15.96 on Friday. The stock’s 50-day moving average price is $15.69 and its two-hundred day moving average price is $15.23. Rivernorth Managed Duration Municipal Income Fund has a 12 month low of $12.32 and a 12 month high of $16.37.

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.