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Rivernorth Managed Duration Municipal Income Fund(NYSE) RMM

Current Price$14.69
Market Cap$284.65MMarket 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)+15%
5 Year-4%
1 Year+12%
1 Month-1%
Rivernorth Managed Duration Municipal Income Fund last closing stock price
MetricPriceDate
Last closeUSD 14.422026-07-23
Rivernorth Managed Duration Municipal Income Fund stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-2.17%USD 14.742026-07-16
1 month-0.6%USD 14.512026-06-23
3 month+3.47%USD 13.942026-04-24
Year to date+10.38%USD 13.062025-12-31
1 year+12.29%USD 12.842025-07-23
3 year+16.96%USD 12.332023-07-24
5 year-3.72%USD 14.982021-07-23
Since inception+15.08%USD 12.532019-07-26

Rivernorth Managed Duration Municipal Income Fund Financials at a Glance

Market Cap

$284.65MMarket 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

302.31

Dividend

$1.05

Beta (Volatility)

0.25 (Low)

Price

$14.69

Volume

0

Open

$14.77

Previous Close

$14.69

Daily Range

$14.69 - $14.77

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 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
  • Focus on investment-grade fixed-income assets
Growth Outlook
  • Recent quarterly revenue reached $4.7 million, indicating strong performance
  • Net income for the latest quarter was approximately $18.5 million
  • Dividend yield stands at 7.11%, appealing to income-focused investors
Financial Highlights
  • Market capitalization of approximately $291.8 million
  • Trailing twelve-month revenue of $47 million
  • Quarterly net income margin of 39.4% reflects operational efficiency
The Rivernorth Managed Duration Municipal Income Fund Inc. offers a compelling investment opportunity for those interested in fixed-income assets. The fund's strategic focus on investment-grade municipal debt positions it well within the U.S. fixed-income market. Recent financial performance highlights, including a significant quarterly revenue and net income, demonstrate the fund's ability to generate returns. With a robust dividend yield, the fund appeals to investors seeking income generation. Overall, Rivernorth Managed Duration Municipal Income Fund Inc. stands out as a noteworthy option in the asset management sector.
AI Generated • Jul 2, 2026

Industry

Capital Markets

Sector

Financials

Headquarters

Chicago, IL 60654, 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

7.25%

Payout Ratio

-1.68%

Stock Overview

Market Cap

$284.65MMarket 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

0

Avg. Volume

41.21K

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

$284.65MMarket 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 $14.69 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 7.25%.

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