RiverNorth Managed Duration Municipal Income Fund, Inc. Announces the Approval of a 5.50% Level Distribution Policy and the Declaration of Monthly Distributions of $0.0917 Per Share
RiverNorth Managed Duration Municipal Income Fund, Inc. (RMM)
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--RiverNorth Managed Duration Municipal Income Fund, Inc. (the “Fund”) (NYSE: RMM) announced that its Board of Directors (the “Board”) has approved a 5.50% level distribution policy effective September 1, 2019. Accordingly, the Fund is declaring monthly distributions for September, October, November and December 2019.The Board has approved the distributions of $0.0917 per share of common stock, payable on the dates noted below. In accordance with the level distribution policy, the rate has been set equal to 5.50% based on the Fund’s initial public offering price of $20.00 per share.The following dates apply to the distributions declared:Record DatePayable DatePer ShareSeptember 12, 2019September 30, 2019$0.0917October 17, 2019October 31, 2019$0.0917November 14, 2019November 29, 2019$0.0917December 12, 2019December 31, 2019$0.0917Level Distribution Policy As defined in the prospectus, commencing with the first distribution, the Fund is implementing a level d
Show less
Read more
Impact Snapshot
Event Time:
RMM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RMM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RMM alerts
High impacting RiverNorth Managed Duration Municipal Income Fund, Inc. news events
Weekly update
A roundup of the hottest topics
RMM
Sec Filings
- 11/29/24 - Form 3
- 11/27/24 - Form NPORT-P
- 11/27/24 - Form 4
- RMM's page on the SEC website