CEF Advisors

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

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

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

Data as of Sept. 13, 2019
Market Price $20.10 (- $0.10)
NAV (Sept. 13, 2019) $20.05 (- $0.17)
Premium / Discount 0.25% (+0.35%)
Fund Info
Inception July 26, 2019
Sponsor RiverNorth Capital Managment, LLC
Website https://www.rivernorth...
Objective: Current income exempt from regular U.S. federal income taxes with a secondary objective of total return.
Capital & Leverage
Outstanding Shares 19,056,456
Total Assets (Reported: ) $M
Estimated Total Assets $M
Net Assets $382M
Market Cap $383M
Purchases Turnover %
Sales Turnover %
Total Leverage %
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio %
Non Lev Exp Ratio %
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -1.27%
Discount High(3 Yr) 2.00%
Discount Rel Range 46.54%
Comp Discount 6.15
Discount St Dev (1Yr)
Z-Stat (6mo)
Z-Stat (1Yr)
Z-Stat (3Yr)
Comp Z-Stat (6mo)
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 5.47%
Income Yield 5.47%
Lev Adj NAV Yield 5.49%
Distribution Frequency M
Current Distribution $0.092
Current Income $0.092
Ex-Date 9/11/19
Payable Date 9/30/19
Div Growth (3yr) %
Dividend Change % on
Expected Div
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $1,581
Avg Volume 30 day 36,777
Avg Volume 90 day 78,651
Volume Trend -53.24%
Comp Volume Trend -55.67%
Correlation & Volatility
NAV - Price Correlation (30 d) 33.1%
NAV - Price Correlation (90 d) %
NAV - Price Correlation (1 Yr) %
Price St Dev (1Yr) %
NAV St Dev (1Yr) %
Earnings / Share () $
Earn Coverage %
Earnings Trend None
UNII / Share () $
UNII Trend None
Bond Specific Data
Credit Rating (rbo)
Investment Grade None%
Non Investment Grade None%
Unrated Bonds None%
Average Bond Price None
Discount vs Price
Coupon None%
Zero Coupon None%
AMT None%
AMT Yield %
Bond Calls Risk None%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index


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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.

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