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Upturn AI Summary - About
RiverNorth Managed Duration Municipal Income Fund Inc(RMM)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for RMM
11/09/2026: RMM (1-star) is currently NOT-A-BUY. Pass it for now.
RiverNorth Managed Duration Municipal Income Fund Inc is a closed-end fund designed to generate tax-exempt income by investing in a portfolio of municipal bonds. Its primary strength lies in its active duration management, which allows the fund to adapt to interest rate fluctuations that often challenge static bond portfolios. The investment story centers on capturing reliable, tax-advantaged monthly distributions for income-oriented investors. Key risks include exposure to interest rate volatility, the inherent discount risk common in closed-end funds, and potential regulatory shifts affecting municipal tax benefits. This stock is best suited for income-focused investors, who should monitor interest rate trends and the fund's premium-to-NAV relationship.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This fund is primarily focused on income generation rather than capital appreciation. |
| Momentum investor | Mixed fit | Momentum may be relevant during specific interest rate cycles, but is not the primary driver of this fund's strategy. |
| Value investor | Strong fit | The fund may offer value when its market price trades at a significant discount to its net asset value. |
| Dividend investor | Strong fit | The fund is specifically designed to provide regular, tax-advantaged monthly income to investors. |
| Low-risk investor | Mixed fit | While municipal bonds are generally lower risk, the closed-end structure and duration management can introduce price volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The market price of the fund shares can fluctuate independently of the underlying NAV, causing potential short-term loss. |
| Valuation risk | Medium | Buying shares at a premium to NAV may negatively impact long-term total return. |
| Competition risk (municipal CEF peers) | Medium | The availability of lower-cost alternatives like ETFs could pressure the fund's ability to attract capital. |
| Business quality | Medium | The fund's success is heavily tied to the quality of the underlying municipal bonds and the manager's ability to trade effectively. |
| Dividend income | Medium | Distribution levels depend on the income generated by the portfolio and may be adjusted based on market conditions. |
| Execution risk | Medium | The active management of duration requires accurate economic forecasting, which carries inherent error risk. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type Stock | Historic Profit -1.25% | Avg. Invested days 65 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/09/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 263.92M USD | Price to earnings Ratio 7.96 | 1Y Target Price - |
Price to earnings Ratio 7.96 | 1Y Target Price - | ||
Volume (30-day avg) 75.2K shares | Beta - | 52 Weeks Range 12.07 - 14.70 | Updated Date 11/08/2026 |
52 Weeks Range 12.07 - 14.70 | Updated Date 11/08/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.68 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Investment Portfolio Management | Interest income from municipal bonds and potential capital appreciation from active trading. | The fund earns money by collecting tax-free interest from municipal bonds and occasionally selling bonds for a profit. |
Valuation
Trailing PE 7.96 | Forward PE - | Enterprise Value - | Price to Sales(TTM) 7.87 |
Enterprise Value - | Price to Sales(TTM) 7.87 | ||
Enterprise Value to Revenue 13.68 | Enterprise Value to EBITDA - | Shares Outstanding 19.74M | Shares Floating - |
Shares Outstanding 19.74M | Shares Floating - | ||
Percent Insiders - | Percent Institutions 19.87 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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