
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI SWOT
- About
RiverNorth Managed Duration Municipal Income Fund Inc (RMM)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/14/2025: RMM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -11.03% | Avg. Invested days 45 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
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. (RMM) is a closed-end fund focused on providing high current income exempt from federal income tax, with a secondary objective of capital appreciation. Specific founding year and early milestones are difficult to definitively pinpoint, but it evolved from a need for tax-advantaged income opportunities.
Core Business Areas
- Municipal Bond Investments: Primarily invests in a portfolio of municipal bonds, focusing on those with shorter maturities and higher yields. Aims to manage duration risk effectively.
- Tactical Allocation: Employs a tactical asset allocation strategy, adjusting portfolio composition based on market conditions and interest rate expectations.
Leadership and Structure
RiverNorth Capital Management serves as the investment advisor. Specific details on individual leaders are readily available on their corporate website.
Top Products and Market Share
Key Offerings
- Managed Duration Municipal Income Fund (RMM): A closed-end fund investing primarily in municipal bonds, aiming for high current income. Market share data is difficult to precisely calculate due to the fragmented nature of the municipal bond market and the wide range of investment options available to investors. Competitors include other municipal bond funds from firms such as BlackRock, Nuveen, and Eaton Vance.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit ratings, and economic conditions. Demand for tax-exempt income typically rises during periods of higher tax rates and economic uncertainty.
Positioning
RMM positions itself as a fund that actively manages duration risk within the municipal bond space, aiming to provide a more stable income stream than funds with longer durations. Its competitive advantage lies in active management and tactical allocation.
Total Addressable Market (TAM)
The total US municipal bond market is estimated to be in the trillions of dollars. RiverNorth Managed Duration Municipal Income Fund Inc. occupies a small fraction of the overall TAM, focusing on a specific niche of actively managed, shorter-duration municipal bonds. TAM is constantly in flux based on overall government debt.
Upturn SWOT Analysis
Strengths
- Active management expertise
- Focus on shorter duration municipal bonds
- Tax-exempt income generation
- Experienced investment advisor (RiverNorth Capital Management)
Weaknesses
- Closed-end fund structure can lead to trading at a discount to NAV
- Dependence on the expertise of the investment advisor
- Potential for increased expenses due to active management
- Concentration in municipal bonds limits diversification
Opportunities
- Rising interest rate environment could benefit shorter duration strategies
- Increased demand for tax-exempt income
- Expansion of the municipal bond market
- Potential to attract investors seeking active management
Threats
- Interest rate risk (although mitigated by shorter duration)
- Credit risk of municipal bonds
- Changes in tax laws could reduce demand for tax-exempt income
- Competition from other municipal bond funds and investment strategies
Competitors and Market Share
Key Competitors
- MUB
- HYMB
- VTEB
Competitive Landscape
RMM competes with other actively managed and passively managed municipal bond funds. Its shorter duration focus differentiates it from funds with longer durations. Its active management aims to outperform passive index funds.
Growth Trajectory and Initiatives
Historical Growth: Growth depends on the fund's ability to generate income and capital appreciation within the municipal bond market. Historical performance can be reviewed in the fund's reports.
Future Projections: Future growth is subject to market conditions and the fund's investment strategy. Analyst estimates are not readily available for individual closed-end funds.
Recent Initiatives: Recent initiatives likely focus on optimizing the portfolio's duration and credit quality in response to changing market conditions. Details can be found in the fund's reports.
Summary
RiverNorth Managed Duration Municipal Income Fund Inc. (RMM) offers tax-exempt income through actively managed, shorter-duration municipal bonds. The fund's strength lies in its active management and focus on controlling duration risk. Potential weaknesses include its closed-end structure and reliance on the advisor's expertise. RMM should monitor changes in tax laws and interest rates to maintain competitiveness.
Peer Comparison
Sources and Disclaimers
Data Sources:
- RiverNorth Capital Management website
- Fund Fact Sheets
- Financial News Providers (e.g., Bloomberg, Reuters)
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions and fund performance are subject to change.
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.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.