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Rivernorth Managed Duration Municipal Income Fund(NYSE) RMM

Market Cap$285.43MMarket 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)+16%
5 Year-4%
1 Year+14%
1 Month-2%
$14.47
+0.31%
+0.04Today
After hours$14.46-$0.01 (-0.07%)
Rivernorth Managed Duration Municipal Income Fund last closing stock price
MetricPriceDate
Last closeUSD 14.462026-08-14
Rivernorth Managed Duration Municipal Income Fund stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.99%USD 14.602026-08-07
1 month-1.99%USD 14.752026-07-15
3 month+2.25%USD 14.142026-05-15
Year to date+11.33%USD 12.992025-12-31
1 year+14.34%USD 12.652025-08-14
3 year+19.44%USD 12.112023-08-15
5 year-3.79%USD 15.032021-08-13
Since inception+16.08%USD 12.462019-07-26

Rivernorth Managed Duration Municipal Income Fund Financials at a Glance

Market Cap

$285.43MMarket 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)

N/A

Net Income (TTM)

N/A

EPS (TTM)

$0.05

P/E Ratio

303.14

Dividend

$1.13

Beta (Volatility)

0.25 (Low)

Price

$14.47

Volume

21,873.769

Open

$14.47

Previous Close

$14.46

Daily Range

$14.42 - $14.62

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 combining fundamental and quantitative analysis to optimize portfolio performance.

Products and Services
  • Investment in U.S. fixed-income markets
  • Focus on investment-grade municipal debt across all maturities
  • Utilization of proprietary research for portfolio construction
Growth Outlook
  • Recent revenue of $4.7 million indicates strong operational performance
  • Net income of $18.5 million showcases effective cost management
  • Dividend yield of 7.23% reflects attractive returns for investors
Financial Highlights
  • Trailing twelve months revenue of $47 million demonstrates consistent growth
  • Quarterly net income of $18.5 million highlights robust profitability
  • Current ratio of 3.37 indicates strong liquidity position
The Rivernorth Managed Duration Municipal Income Fund Inc. has established itself as a significant player in the asset management sector, particularly in the municipal bond market. The fund's strategic focus on investment-grade municipal debt allows it to capitalize on stable income streams while managing risk effectively. Recent financial performance underscores the fund's ability to generate substantial revenue and net income, positioning it favorably for future growth. The attractive dividend yield further enhances its appeal to potential investors seeking income-generating investments. Overall, Rivernorth Managed Duration Municipal Income Fund Inc. presents a compelling opportunity for those interested in fixed-income assets.
AI Generated • Aug 1, 2026

Industry

Capital Markets

Sector

Financials

Headquarters

Chicago, IL 60607, US

RMM Financials

Key Financial Metrics (TTM)

Gross Margin

245.26%

Operating Margin

250.00%

Net Income Margin

250.00%

Return on Equity

-4.18%

Return on Capital

-2.69%

Return on Assets

-2.68%

Earnings Yield

0.33%

Dividend Yield

7.82%

Payout Ratio

-1.68%

Stock Overview

Market Cap

$285.43MMarket 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

21.87K

Avg. Volume

40.73K

Financials (TTM)

Gross Profit

$7.66M

Operating Income

$27.98M

EBITDA

$5.10M

Operating Cash Flow

$48.09M

Capital Expenditure

-$5.00

Free Cash Flow

$48.09M

Cash & ST Invst.

$833.00

Total Debt

$204.51M

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%
Rivernorth Managed Duration Municipal Income Fund sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-06-30N/A
Q22024-12-31N/A
Q42025-06-30N/A
Q22025-12-31N/A
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
Rivernorth Managed Duration Municipal Income Fund sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-06-30N/A
Q22024-12-31N/A
Q42025-06-30N/A
Q22025-12-31N/A

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2025YOY CHG

Revenue

$4.70M

N/A

Gross Profit

$1.29M

N/A

Gross Margin

27.32%

N/A

Market Cap

$285.43MMarket 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

$18.53M

N/A

EBITDA

$21.63M

N/A

Quarterly Fundamentals

Name
Q2 2025YOY CHG

Total Cash

$833.00

-100.0%

Total Debt

$204.51M

+1.6%

Accounts Receivable

$0.00

-100.0%

Inventory

$0.00

N/A

Long Term Debt

$204.51M

+1.6%

Short Term Debt

$0.00

N/A

Return on Assets

-2.68%

N/A

Return on Invested Capital

-2.69%

N/A

Free Cash Flow

$4.24M

N/A

Operating Cash Flow

$4.24M

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 $14.46 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 $186.70M.

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

Rivernorth Managed Duration Municipal Income Fund reported $136.29K 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 7.82%.

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