RMM Overview

Dividend Declaration: RiverNorth Managed Duration Municipal Income Fund (RMM) has declared a monthly dividend of $0.0905 per share, with payment dates set for July 31, August 29, and September 30 for shareholders of record on July 15, August 15, and September 15 respectively.

Yield Information: The fund offers a forward yield of 8.06%, but it is noted that the fund has modest returns and high expenses, leading to a cautious outlook on its investment potential.

Distribution Dates and Policies: RiverNorth closed-end funds have set distribution dates for July, August, and September 2025, with payments subject to Board approval. Shareholders can choose between receiving additional shares or cash for their distributions.

Tax Implications and Fund Performance: The funds maintain a level distribution policy, but portions of the distributions may be subject to taxes and could include returns of capital, which do not reflect investment performance. Investors are advised to consult tax professionals regarding their specific situations.

Distribution Dates and Policies: RiverNorth closed-end funds have set distribution dates for April, May, and June 2025, subject to Board approval, with options for shareholders to receive distributions in cash or through a dividend reinvestment plan.

Tax Implications and Fund Performance: Distributions may include returns of capital and are subject to various tax considerations; the ability to maintain stable distributions depends on market conditions and fund performance.

Distribution Rates and Dates: RiverNorth closed-end funds have proposed reset distribution rates for 2025, with specific distribution dates set for January, February, and March, pending Board approval.

Investment Risks and Tax Implications: The Funds maintain a level distribution policy that may involve returns of capital, and investors are advised to consult tax professionals regarding potential tax liabilities associated with distributions.