Rivernorth Managed Duration Municipal Income Fund Inc. Approves Cash Dividend, Payable on September 30, 2019, October 31, 2019, November 29, 2019 and December 31, 2019
August 29, 2019 at 04:31 pm EDT
Share
Rivernorth Managed Duration Municipal Income Fund Inc. Board has approved the distributions of $0.0917 per share of common stock. For record date September 12, 2019, October 17, 2019, November 14, 2019,December 12, 2019 and payment date September 30, 2019, October 31, 2019, November 29, 2019 and December 31, 2019 respectively.
RiverNorth Managed Duration Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fundâs primary investment objective is to seek current income exempt from regular United States federal income taxes. The Fundâs secondary investment objective is total return. The Companyâs investment strategy includes Tactical Municipal Closed-End Fund (CEF) Strategy and Municipal Bond Income Strategy. The Tactical Municipal CEF Strategy typically invests in municipal CEFs and exchange-traded funds (ETFs) and other investment companies. The Municipal Bond Income Strategy primarily invests in municipal bonds of any credit quality, including securities that are rated below investment grade. The Fundâs investment adviser is RiverNorth Capital Management, LLC and the Fundâs sub-adviser is MacKay Shields, LLC.
Rivernorth Managed Duration Municipal Income Fund Inc. Approves Cash Dividend, Payable on September 30, 2019, October 31, 2019, November 29, 2019 and December 31, 2019