CEF Advisors AICA Event NAVigator Podcast

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

Go to AICA CEF/BDC Screener Learn More @ www.AICalliance.org

RiverNorth Managed Duration Municipal Income Fund, Inc. (RMM)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of Dec. 9, 2024
Current
Market Price $15.77 (- $0.17)
NAV (Dec. 9, 2024) $16.71 ( $0.00)
Fund Listed NYSE
Premium / Discount -5.63% (-1.02%)
Fund Info
Inception July 26, 2019
Sponsor RiverNorth Capital Managment, LLC
Website https://www.rivernorth...
Phone
NAV Symbol XRMMX
Location Illinois
Incorporated Maryland
Staggered Board Yes
Term Date July 25, 2031
Objective: Current income exempt from regular U.S. federal income taxes with a secondary objective of total return.
Related Indexes
Term Municipal Fund Index
Capital & Leverage
Outstanding Shares 19,740,096
Total Assets (Reported: June 30, 2024) $529M
Estimated Total Assets $535M
Net Assets $330M
Market Cap $311M
Portfolio Turnover 70.00%
Total Leverage 38.30%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 100.00%
Expense Ratio 5.08%
Non Lev Exp Ratio 2.37%
Rel Lev Cost 4.34%
Discount Data
Average Discount (3 Yr) -6.29%
Discount Low(3 Yr) -13.15%
Discount High(3 Yr) -0.30%
Discount Rel Range (3 Yr) 58.54%
Comp Discount 2.26
Discount St Dev (1Yr) 2.37
Z-Stat
Z-Stat (6mo) -0.02
Z-Stat (1Yr) 0.78
Z-Stat (3Yr) 0.25
Comp Z-Stat (6mo) 0.38
Comp Z-Stat (3Yr) 0.03
Distribution Data
Market Yield 6.97%
Income Yield 2.99%
Lev Adj NAV Yield 4.76%
Distribution Frequency M
Current Distribution $0.092
Current Income $0.039
Ex-Date 12/13/24
Payable Date 12/31/24
Div Growth (3yr) -0.11%
Dividend Change 0.6% on 1/2/24
Expected Div 1/2/25
RoC (1yr) 63.90%
RoC (3yr) 57.99%
Tax Dividend Data 2023 2021 - 2023
Income 1.8% 11.1%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 8.4%
RoC 70.6% 41.1%
Volume & Liquidity
Average Daily $ (K) $783
Avg Volume 30 day 50,442
Avg Volume 90 day 49,637
Volume Trend 1.62%
Comp Volume Trend -0.10%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
24.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
41.0%
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
50.0%
Most Correlated Peer (Mk Pr): RMI 68.0%
NAV - Price Correlation (30 d) 89.4%
NAV - Price Correlation (90 d) 64.5%
NAV - Price Correlation (1 Yr) 70.4%
Price St Dev (1Yr) 10.6%
NAV St Dev (1Yr) 5.1%
Earnings
Earnings / Share (6/30/24) $0.021
Earn Coverage 22.60%
Earnings Trend Down
UNII / Share (6/30/24) $-0.213
Rel UNII -45.00
UNII Trend Up
Bond Specific Data
Maturity 23.43
Duration 7.10
Credit Rating (rbo) A
Investment Grade 90.90%
Non Investment Grade 2.02%
Unrated Bonds 7.07%
Average Bond Price 95.11
Discount vs Price -10.52
Coupon 4.95%
Zero Coupon 0.00%
AMT 16.90%
AMT Yield 6.64%
Bond Calls Risk None%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.30
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.59
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index
0.74

DISCLOSURES:

CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2019. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.