Rivernorth Managed Duration Municipal Income Fund, Inc. Declares Monthly Distributions, Payable on January 31, 2020, February 28, 2020 and March 31, 2020 Respectively
January 06, 2020 at 09:00 am EST
Share
Rivernorth Managed Duration Municipal Income Fund Inc. Board has approved the distributions of $0.0917 per share of common stock. For record date January 17, 2020, February 14, 2020, and March 17, 2020 and payment date January 31, 2020, February 28, 2020
and March 31, 2020 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. Declares Monthly Distributions, Payable on January 31, 2020, February 28, 2020 and March 31, 2020 Respectively