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 January, February and March 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 $20.38 (as of market close December 31, 2019), the distributions represent an annualized distribution rate of 5.40%. Based on the Fund’s current market price per share of $19.34 the annualized market price distribution rate is 5.69%.The following dates apply to the distributions declared:Ex DateRecord DatePayable DatePer ShareJanuary 16, 2020January 17, 2020January 31, 2020$0.0917February 13, 2020February 14, 2020February 28, 2020$0.0917March 16, 2020March 17, 20
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Sec Filings
- 3/8/24 - Form N-CSRS
- 2/29/24 - Form NPORT-P
- 2/28/24 - Form EFFECT
- RMM's page on the SEC website