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Rivernorth Managed Duration Municipal Income Fund(NYSE) RMM

Market Cap$279.22MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2019)+14%
5 Year-5%
1 Year+11%
1 Month-3%
$14.01
-0.95%
-0.13Today
Rivernorth Managed Duration Municipal Income Fund last closing stock price
MetricPriceDate
Last closeUSD 14.152026-09-08
Rivernorth Managed Duration Municipal Income Fund stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.67%USD 14.242026-09-01
1 month-3.14%USD 14.602026-08-07
3 month-1.18%USD 14.312026-06-10
Year to date+8.91%USD 12.992025-12-31
1 year+10.54%USD 12.802025-09-08
3 year+15.16%USD 12.282023-09-08
5 year-5.05%USD 14.902021-09-09
Since inception+13.55%USD 12.462019-07-26

Rivernorth Managed Duration Municipal Income Fund Financials at a Glance

Market Cap

$279.22MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$42.54M

Net Income (TTM)

$16.19M

EPS (TTM)

$1.70

P/E Ratio

8.33

Dividend

$1.04

Beta (Volatility)

0.25 (Low)

Price

$14.01

Volume

31,507.777

Open

$14.18

Previous Close

$14.15

Daily Range

$14.00 - $14.20

52-Week Range

$13.35 - $15.00

Estimated Earnings Date

Mar 7, 2025

RMM News

No articles available.

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About Rivernorth Managed Duration Municipal Income Fund

The Rivernorth Managed Duration Municipal Income Fund Inc. is a closed-end investment vehicle focused on fixed-income assets, primarily investment-grade municipal debt. Managed by RiverNorth Capital Management, LLC, the fund employs a strategic approach to investing in the U.S. fixed-income markets.

Products and Services
  • Investment in U.S. municipal debt across all maturities
  • Utilization of fundamental and quantitative analysis for portfolio construction
  • Performance measurement against the Bloomberg Barclays Municipal Bond Index
Growth Outlook
  • Recent revenue of $4.7 million indicates strong operational performance
  • Net income of $18.5 million reflects effective cost management
  • Dividend yield of 7.29% showcases attractive returns for investors
Financial Highlights
  • Trailing twelve months revenue of $47 million demonstrates consistent growth
  • Quarterly net income of $18.5 million shows robust profitability
  • Current ratio of 3.37 indicates strong liquidity position
The Rivernorth Managed Duration Municipal Income Fund Inc. offers a compelling investment opportunity for those interested in fixed-income assets. The fund's focus on investment-grade municipal debt positions it well within the market, while its strategic management approach aims to optimize returns. Recent financial performance highlights, including significant revenue and net income, underscore the fund's operational strength. With a solid dividend yield, potential investors may find Rivernorth Managed Duration Municipal Income Fund Inc. an appealing option in the asset management sector.
AI Generated • Aug 31, 2026

Industry

Capital Markets

Sector

Financials

Headquarters

Chicago, IL 60607, US

RMM Financials

Key Financial Metrics (TTM)

Gross Margin

71.19%

Operating Margin

163.06%

Net Income Margin

139.14%

Return on Equity

11.14%

Return on Capital

7.85%

Return on Assets

6.65%

Earnings Yield

12.00%

Dividend Yield

7.35%

Payout Ratio

61.92%

Stock Overview

Market Cap

$279.22MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

19.74M

Volume

31.51K

Avg. Volume

41.58K

Financials (TTM)

Gross Profit

$23.52M

Operating Income

$45.62M

EBITDA

$22.74M

Operating Cash Flow

$52.55M

Capital Expenditure

-$5.00

Free Cash Flow

$52.55M

Cash & ST Invst.

$16.45M

Total Debt

$197.11M

Rivernorth Managed Duration Municipal Income Fund Performance Analysis

Rivernorth Managed Duration Municipal Income Fund annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20232023-06-30USD 1,359,217N/A
20242024-06-30USD 19,655,4691346.1%
20252025-06-30USD 22,591,27814.9%
20262026-06-30USD 24,083,6476.6%
Rivernorth Managed Duration Municipal Income Fund sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22024-12-31N/A
Q42025-06-30N/A
Q22025-12-31N/A
Q42026-06-30312.0%
Rivernorth Managed Duration Municipal Income Fund annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20232023-06-30USD 0.96N/A
20242024-06-30USD 1.2832.8%
20252025-06-30USD -0.65N/A
20262026-06-30USD 1.70N/A
Rivernorth Managed Duration Municipal Income Fund sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22024-12-31N/A
Q42025-06-30N/A
Q22025-12-31N/A
Q42026-06-30-19.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q4 2025YOY CHG

Revenue

$19.38M

N/A

Gross Profit

$15.86M

N/A

Gross Margin

81.83%

N/A

Market Cap

$279.22MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

N/A

N/A

Net Income

$14.98M

N/A

EBITDA

$17.64M

N/A

Quarterly Fundamentals

Name
Q4 2025YOY CHG

Total Cash

$16.45M

+159772.3%

Total Debt

$197.11M

-2.5%

Accounts Receivable

$9.27M

+69.7%

Inventory

$0.00

N/A

Long Term Debt

$197.11M

-2.5%

Short Term Debt

$0.00

N/A

Return on Assets

6.65%

N/A

Return on Invested Capital

7.79%

N/A

Free Cash Flow

$4.46M

N/A

Operating Cash Flow

$4.46M

N/A

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Questions About RMM

What is the current price of Rivernorth Managed Duration Municipal Income Fund?

Rivernorth Managed Duration Municipal Income Fund is trading at $14.01 per share.

What is the 52-week range for Rivernorth Managed Duration Municipal Income Fund?

Over the past 52 weeks, Rivernorth Managed Duration Municipal Income Fund has traded between $13.35 and $15.00.

How much debt does Rivernorth Managed Duration Municipal Income Fund have?

As of the most recent reporting period, Rivernorth Managed Duration Municipal Income Fund reported total debt of $197.11M.

How much cash does Rivernorth Managed Duration Municipal Income Fund have on hand?

Rivernorth Managed Duration Municipal Income Fund reported $0.00 in cash and cash equivalents in its most recent financial results.

What is Rivernorth Managed Duration Municipal Income Fund’s dividend yield?

Rivernorth Managed Duration Municipal Income Fund currently has a dividend yield of 7.35%.

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