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RiverNorth Managed Duration Municipal Income Fund Inc (RMM)

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Upturn Advisory Summary
10/31/2025: RMM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -7.9% | Avg. Invested days 53 | Today’s Advisory Consider higher Upturn Star rating |
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 managed by RiverNorth Capital Management, LLC. The fund focuses on providing current income exempt from federal income tax. It was incepted to provide investors with a diversified portfolio of municipal securities.
Core Business Areas
- Municipal Securities Investment: The core business is investing in a diversified portfolio of municipal securities to generate income exempt from federal income tax.
Leadership and Structure
The fund is managed by RiverNorth Capital Management, LLC. Specific individual leadership details (CEO, etc.) require referencing their official website or filings.
Top Products and Market Share
Key Offerings
- Municipal Bond Portfolio: The fund offers a diversified portfolio of municipal bonds. As a closed-end fund, market share is difficult to directly calculate. Competitors are other municipal bond funds, both open-end and closed-end, such as BlackRock and Nuveen funds.
Market Dynamics
Industry Overview
The municipal bond market is driven by state and local government financing needs. Interest rates and credit quality influence the performance of municipal bond funds.
Positioning
RMM positions itself by managing the duration of its portfolio to navigate interest rate risk. Its competitive advantage lies in active management and potentially identifying undervalued municipal securities.
Total Addressable Market (TAM)
The TAM is the overall municipal bond market, valued in the trillions of dollars. RMM's positioning relates to its active management style, attempting to outperform the broader index.
Upturn SWOT Analysis
Strengths
- Experienced Management Team
- Tax-Exempt Income
- Actively Managed Portfolio
- Diversified Holdings
Weaknesses
- Management Fees
- Interest Rate Sensitivity
- Credit Risk of Municipal Issuers
- Market Volatility
Opportunities
- Rising Interest Rate Environment (active duration management)
- Increased Demand for Tax-Exempt Income
- Market Dislocation and Undervalued Securities
- Expansion of Municipal Bond Market
Threats
- Interest Rate Increases
- Credit Downgrades of Municipal Issuers
- Changes in Tax Laws
- Increased Competition from Other Funds
Competitors and Market Share
Key Competitors
- Nuveen AMT-Free Quality Municipal Income Fund (NEA)
- BlackRock Municipal Income Trust (BBF)
- PIMCO Municipal Income Fund II (PML)
Competitive Landscape
RMM competes with other closed-end municipal bond funds. Its advantages depend on management expertise and portfolio positioning.
Growth Trajectory and Initiatives
Historical Growth: Growth is determined by the fund's NAV performance and its ability to attract and retain assets under management.
Future Projections: Future projections require analyst reports. Overall performance depends on interest rates, credit spreads, and management expertise.
Recent Initiatives: Recent initiatives can be found in the fund's reports, such as changes in investment strategy or portfolio allocation.
Summary
RiverNorth Managed Duration Municipal Income Fund is a closed-end fund aiming to provide tax-exempt income. Its success relies on effectively managing duration risk in a volatile interest rate environment. The fund faces challenges from competing funds and potential credit risks within its municipal bond portfolio. Strong active management is crucial for its continued performance.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Fund Fact Sheets
- SEC Filings
- Morningstar
- Yahoo Finance
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions can change rapidly.
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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