RiverNorth Managed Duration Municipal Income Fund, Inc. Declares 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 the declaration of monthly distributions of $0.0917 per common share for the months of April, May and June 2020, 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 (as of market close July 26, 2019). Based on the Fund’s current net asset value (NAV) per share of $17.51 (as of market close March 31, 2020), the distributions represent an annualized distribution rate of 6.28%. Based on the Fund’s current market price per share of $17.88 the annualized market price distribution rate is 6.15%.The following dates apply to the distributions declared:Ex DateRecord DatePayable DatePer ShareApril 15, 2020April 16, 2020April 30, 2020$0.0917May 14, 2020May 15,2020May 29, 2020$0.0917June 15, 2020June 16, 2020June 30, 2020$0.0917Monthly distr
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Sec Filings
- 10/23/24 - Form N-2/A
- 10/1/24 - Form 3
- 9/11/24 - Form N-CEN
- RMM's page on the SEC website