RiverNorth Managed Duration Municipal Income Fund Inc

RiverNorth Flexible Mncpl Inm Fnd II Inc

RiverNorth Capital Management offers several closed-end funds with municipal bond exposure, presenting an opportunity for swap trades. RMM is trading at a narrow discount on an absolute and relative basis, while RFMZ presents a relatively more attractive valuation with significantly similar exposure. Both funds have high expense ratios, leverage risks, and unpredictable tax-exempt income, making them less attractive for muni investors, but could still be exploited by those who are holding anyway.

RMM And RFMZ: A Swap Makes Sense

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

RiverNorth Flexible Muncpl Incme Fnd Inc

RiverNorth Opportunities Fund, Inc.

RiverNorth Opportunistic Municipal Income Fund Inc

RiverNorth Capital and Income Fund

RiverNorth Managed Duration Municipal Income Fund II

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--The RiverNorth closed-end funds (the “Funds”) have declared monthly distributions for July, August and September 2023 in accordance with each Fund's level distribution policy. Details below. Ex Date Record Date Payable Date July 13, 2023 July 14, 2023 July 31, 2023 August 14, 2023 August 15, 2023 August 31, 2023 September 14, 2023 September 15, 2023 September 29, 2023 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Change From Prior Dist.

RiverNorth Closed-End Funds Declare Monthly Distributions

We recently touched on RFM, and today, we are looking at RMM, its slightly older sister fund. RMM and RFM share many similarities, which means they face the same negatives in the future.

RMM: Municipal Bond Fund With A Hybrid Approach

John Hancock Preferred Income Fund

Virtus Dividend Interest & Premium Strategy Fund

We've got plenty of high-quality dividends on the table as we roll into 2023.

The Safest Way To Get 7.5% Dividends (Perfect For 2023)

RMM takes a unique approach to invest in individual muni bonds and muni closed-end funds. This approach is taken through two different managers, RiverNorth on the CEF side and MacKay Shields managers for the individual names.

News for RiverNorth Managed Duration Municipal Income Fund Inc ETF (RMM)