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RiverNorth Managed Duration Municipal Income Fund Inc (RMM)



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Upturn Advisory Summary
09/17/2025: RMM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -8.41% | Avg. Invested days 49 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 263.72M USD | Price to earnings Ratio 16.91 | 1Y Target Price - |
Price to earnings Ratio 16.91 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta - | 52 Weeks Range 12.30 - 15.59 | Updated Date 06/30/2025 |
52 Weeks Range 12.30 - 15.59 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 8.13% | Basic EPS (TTM) 0.79 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) -1666.11% |
Valuation
Trailing PE 16.91 | Forward PE - | Enterprise Value - | Price to Sales(TTM) 14.06 |
Enterprise Value - | Price to Sales(TTM) 14.06 | ||
Enterprise Value to Revenue 25.23 | Enterprise Value to EBITDA - | Shares Outstanding 19739600 | Shares Floating - |
Shares Outstanding 19739600 | Shares Floating - | ||
Percent Insiders 0.39 | Percent Institutions 18.63 |
Upturn AI SWOT
RiverNorth Managed Duration Municipal Income Fund Inc
Company Overview
History and Background
RiverNorth Managed Duration Municipal Income Fund Inc. (NYSE: RMM) is a closed-end management investment company. It focuses on providing current income exempt from federal income tax by investing in a portfolio of municipal securities.
Core Business Areas
- Municipal Bond Investments: Investment in a diversified portfolio of municipal securities, primarily those exempt from federal income tax. The fund seeks to provide a high level of current income consistent with prudent investment management.
Leadership and Structure
The fund is managed by RiverNorth Capital Management, LLC. Specific leadership details would require further research.
Top Products and Market Share
Key Offerings
- Municipal Income Fund: RMM is a closed-end fund offering income from municipal bonds. Market share data is difficult to ascertain precisely for this specific fund within the broader municipal bond market. Competitors include other municipal bond funds from firms like BlackRock, Nuveen, and Eaton Vance.
Market Dynamics
Industry Overview
The municipal bond market is influenced by factors such as interest rates, credit ratings, and tax policies. Demand is driven by investors seeking tax-exempt income.
Positioning
RMM aims to provide a managed duration approach within the municipal bond space. Its competitive advantage likely lies in its active management and selection of securities.
Total Addressable Market (TAM)
The total US municipal bond market is valued in the trillions of dollars. RMM's positioning relates to managing a portion of assets seeking income from this market.
Upturn SWOT Analysis
Strengths
- Tax-exempt income
- Managed duration strategy
- Experienced investment management team
Weaknesses
- Interest rate risk
- Credit risk
- Limited trading volume
Opportunities
- Rising demand for tax-efficient investments
- Market volatility creating attractive entry points
- Expansion of investment mandate
Threats
- Rising interest rates
- Credit downgrades of municipal issuers
- Changes in tax laws
Competitors and Market Share
Key Competitors
- Nuveen Municipal Value Fund Inc (NUV)
- BlackRock MuniYield Quality Fund Inc (MQY)
- Eaton Vance Municipal Income Trust (EVN)
Competitive Landscape
RMM competes with other closed-end municipal bond funds based on factors such as yield, expense ratio, and performance.
Growth Trajectory and Initiatives
Historical Growth: Growth is tied to asset appreciation within the municipal bond market and the fund's ability to attract new investors.
Future Projections: Future growth depends on market conditions, interest rates, and the fund's performance relative to its peers.
Recent Initiatives: Recent initiatives would likely involve adjustments to the portfolio based on market conditions and interest rate expectations.
Summary
RiverNorth Managed Duration Municipal Income Fund (RMM) offers tax-exempt income through municipal bond investments. Its strength lies in the active management of duration and security selection. However, it faces risks related to interest rate fluctuations and credit quality. The fund needs to monitor market conditions and maintain a diversified portfolio to deliver consistent returns.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Fund Fact Sheets
- Financial News Outlets
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on your own due diligence and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About RiverNorth Managed Duration Municipal Income Fund Inc
Exchange NYSE | Headquaters Chicago, IL, United States | ||
IPO Launch date 2019-07-26 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - |
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. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 26, 2019 and is domiciled in the United States.

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