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RMM
NYSE
$14.56

RiverNorth Managed Duration Municipal Income Fund Inc (RMM)

RiverNorth Managed Duration Municipal Income Fund Inc (RMM) is a closed-end investment fund dedicated to maximizing current income by investing in a diversified portfolio of municipal securities. Employing a strategic managed duration framework, RMM adeptly navigates interest rate fluctuations, positioning itself to exploit opportunities within the municipal bond market. With its emphasis on tax-exempt income, the fund offers institutional investors an appealing solution to enhance the tax efficiency of their fixed-income holdings. Through active management and thorough market analysis, RMM seeks to identify undervalued assets while effectively managing investment risks, making it an attractive option for those focused on income optimization strategies.
Website: https://www.rivernorth.com/closed-end-funds/rmm

Market Cap

$293M

P/B Ratio

0.99

Free Cash Flow Yield

17.20%

Beta (5Y)

0.18

Price Chart

Valuation
Market Cap$293M
P/S249.61
P/B0.99
Profitability
Total Revenue (TTM)$36M
EBITDA$22M
EPS-$0.57
Financial Health
Debt-to-Equity68.6%
Free Cash Flow Yield17.20%
Growth & Risk
Dividends 5Y CAGR-0.96%
Beta (5Y)0.18
Sharpe Ratio0.90