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
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
- 3/8/24 - Form N-CSRS
- 2/29/24 - Form NPORT-P
- 2/28/24 - Form EFFECT
- RMM's page on the SEC website