Rivernorth Managed Duration Municipal Income Fund logo

Rivernorth Managed Duration Municipal Income Fund(NYSE) RMM

Market Cap$247.73MMarket 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)+1%
5 Year-8%
1 Year-4%
1 Month-10%
$12.59
+0.32%
+0.04Today
Rivernorth Managed Duration Municipal Income Fund last closing stock price
MetricPriceDate
Last closeUSD 12.592026-10-08
Rivernorth Managed Duration Municipal Income Fund stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+0%USD 12.592026-10-01
1 month-10.44%USD 14.062026-09-08
3 month-14.39%USD 14.712026-07-10
Year to date-2.46%USD 12.912025-12-31
1 year-3.81%USD 13.092025-10-08
3 year+19.15%USD 10.572023-10-09
5 year-8.4%USD 13.742021-10-08
Since inception+1.37%USD 12.382019-07-26

Rivernorth Managed Duration Municipal Income Fund Financials at a Glance

Market Cap

$247.73MMarket 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

7.39

Dividend

$1.03

Beta (Volatility)

0.25 (Low)

Price

$12.59

Volume

71,542

Open

$12.64

Previous Close

$12.59

Daily Range

$12.47 - $12.69

52-Week Range

$12.15 - $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 U.S. fixed-income markets, utilizing both fundamental and quantitative analysis.

Products and Services
  • Investment in U.S. municipal debt across all maturities
  • Utilization of proprietary research for portfolio construction
  • Performance measurement against the Bloomberg Barclays Municipal Bond Index
Growth Outlook
  • Recent quarterly revenue reached $19.38 million, indicating strong performance
  • Trailing twelve months (TTM) dividend yield stands at 8.38%, attracting income-focused investors
  • Net income for the latest quarter was $14.98 million, showcasing profitability
Financial Highlights
  • Market capitalization of approximately $243.39 million
  • Price-to-earnings (P/E) ratio of 7.25, suggesting potential value
  • Dividend per share of $1.0338, reflecting commitment to shareholder returns
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, especially given its recent financial performance. The high dividend yield and strong net income figures indicate a robust operational framework, appealing to income-seeking investors. With a solid market capitalization and favorable P/E ratio, the fund presents a potentially attractive option for portfolio diversification.
AI Generated • Sep 30, 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

13.53%

Dividend Yield

8.24%

Payout Ratio

61.92%

Stock Overview

Market Cap

$247.73MMarket 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

71.54K

Avg. Volume

57.95K

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

$247.73MMarket 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 $12.59 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 $12.15 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 8.24%.

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