RiverNorth Mngd Drtn Mncpl ncm Fnd , nc (N:RMMZ)
Business Focus: Closed End Funds
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Company News
Jan 02, 2025 17:00 ET
RiverNorth Closed-End Funds Declare Monthly Distributions
In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the reset distribution rates have been proposed for the calendar year 2025, as detailed below. Further, the Funds have established the distribution dates for January, February, and March 2025. The payment of the distributions are subject to Board approval.
Oct 01, 2024 17:00 ET
RiverNorth Closed-End Funds Declare Monthly Distributions
In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have declared distributions for October, November and December 2024, as detailed below.
Valuation Ratios
Industry
Sector
Beta
N/A
--
--
Price to Sales - TTM
--
10.31
4.11
Price to Book - most recent quarter
--
0.94
1.39
Price to Cash Flow per share - TTM
--
11.06
13.74
Price to Free Cash Flow per share - TTM
--
22.19
18.90
Business Summary
| Sector: Financials | Industry: Closed End Funds |
RiverNorth Managed Duration Municipal Income Fund II, Inc. (the Fund) is a closed-end management investment company. The Fund's primary investment objective is current income exempt from regular United States (U.S) federal income taxes. The Fund's secondary investment objective is total return. The Fund seeks to achieve its investment objectives by investing, directly or indirectly, at least 80% of its Managed Assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax (Municipal Bonds). The Fund may also invest in underlying funds that invest in securities. The Fund invests in various sectors, which include closed-end funds, municipal bonds, short-term investments. The Fund's investment adviser is RiverNorth Capital Management, LLC.
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