RiverNorth Managed Duration Municipal Income Fund Inc

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

RiverNorth Flexible Muncpl Incme Fnd Inc

RiverNorth Flexible Mncpl Inm Fnd II Inc

RiverNorth Opportunities Fund, Inc.

RiverNorth Opportunistic Municipal Income Fund Inc

RiverNorth Managed Duration Municipal Income Fund II

RiverNorth Capital and Income Fund

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have declared distributions for April, May and June 2024, as detailed below. Ex Date Record Date Payable Date April 12, 2024 April 15, 2024 April 30, 2024 May 14, 2024 May 15, 2024 May 31, 2024 June 14, 2024 June 14, 2024 June 28, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as of 3/28/2024 Annualized Curr.

RiverNorth Closed-End Funds Declare Monthly Distributions

RMM has seen a negative total return since my prior review years ago. Going forward, I'm reluctant to place a buy rating on it. The use of return of capital is extensive, suggesting a distribution cut will occur in 2024. Munis as a whole have merit given the historically high income streams (relative to their trading history). But RMM is not the best way to play it.

RMM: An Expensive Way To Access The Municipal Bond Sector

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

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)