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RiverNorth Managed Duration Municipal Income Fund Inc

RiverNorth Managed Duration Municipal Income Fund Inc

RMM · NYSE · Financial Services / Asset Management

12.87USD-0.07 (-0.54%)

Price History

Full chart

Market Stats

Previous Close12.94
Open12.89
Day Range12.74 – 12.95
52-Week Range12.32 – 14.80
Volume65.72K
Market Cap244.38M
P/E (TTM)7.33
Forward P/E0.00
EPS1.69
Dividend Yield7.99%
50-Day Avg14.08
200-Day Avg14.20

About

Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 26, 2019 and is domiciled in the United States.

Company Details

Leadership

  • Mr. Stephen Andrew O'Neill C.F.A.Portfolio Manager · b. 1979
  • Mr. W. Michael PettyPortfolio Manager
  • Mr. Robert Alan DiMella C.F.A.Portfolio Manager · b. 1967
  • Mr. Robert Patrick Burke C.F.A.Portfolio Manager
  • Mr. John Michael Loffredo C.F.A.Portfolio Manager · b. 1965
  • Mr. Patrick William Galley C.F.A.Portfolio Manager · b. 1975
  • Mr. David M. DowdenPortfolio Manager · b. 1966
  • Mr. Scott SprauerPortfolio Manager

Financials

Income Statement

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue18.45M69.20M-60.83M19.11M25.43M-5.14M24.08M
Growth (%)-+275.02%-187.91%+131.41%+33.13%-120.22%+568.26%
Cost of Revenue12.08M10.17M10.52M--7.47M6.94M
Gross Profit6.38M69.20M-60.83M19.11M25.43M-12.61M17.14M
Gross Margin34.55%100.00%100.00%100.00%100.00%245.26%71.19%
Operating Expense26.79K-1.65M-2.02M75.88K167.36K244.18K-22.13M
Operating Income6.35M70.86M-58.81M19.03M25.27M-12.86M39.27M
Operating Margin34.40%102.39%96.68%99.60%99.34%250.00%163.06%
EBITDA-40.99M70.86M-58.81M19.03M25.27M-12.86M39.27M
EBITDA Margin-222.13%102.39%96.68%99.60%99.34%250.00%163.06%
Net Income-17.32M69.16M-60.89M19.03M25.27M-12.86M33.51M
Net Income Margin-93.86%99.94%100.08%99.60%99.34%250.00%139.14%
Interest Expense23.67M1.70M2.07M7.34M8.56M7.47M5.76M
Interest Expense % of Total Revenue128.27%2.45%-3.41%38.44%33.65%-145.26%23.92%

Balance Sheet

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets595.52M637.26M575.47M544.84M529.97M480.49M504.13M
Total Liabilities236.16M230.45M251.41M223.54M205.05M189.99M200.87M
Total Equity359.37M406.81M324.06M321.30M324.93M290.50M303.26M
Cash272.55K185.97K--10.29K136.29K-
Total Debt234.74M214.78M233.48M218.28M202.10M186.70M197.11M
Net Debt234.47M214.60M233.48M218.28M202.09M186.56M197.11M

Cash Flow

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-604.82M40.14M2.23M37.70M37.67M36.89M8.70M
Investing Cash Flow------2.74M
Financing Cash Flow611.33M-41.68M-1.65M-38.31M-38.01M-36.97M-10.37M
Capital Expenditure0000003
Free Cash Flow-604.82M40.14M2.23M37.70M37.67M36.89M8.70M
Dividends Paid18.10M21.72M21.86M21.79M21.64M21.57M20.75M
FCF to OCF100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF-2.99%54.11%980.27%57.80%57.44%58.47%238.52%

Earnings

Report DateSep 9, 2020Mar 5, 2021Sep 7, 2021Mar 11, 2022Sep 8, 2022Mar 10, 2023
EPS Estimate0.000.000.000.000.000.00
EPS Actual-1.631.921.580.20-3.280.40
Surprise------
Timing------

Key Statistics & Ratios

Market Cap244.38M
Enterprise Value0
Trailing P/E7.33
Forward P/E0.00
Price / Sales7.69
Price / Book0.85
EPS1.69
Revenue (TTM)0
Gross Profit (TTM)0
Profit Margin0.00%
Operating Margin0.00%
Return on Equity-1666.11%
Return on Assets0.00%
Shares Outstanding19.74M
Shares Float0
Dividend Yield7.99%
Dividend Rate1.02
Payout Ratio61.86%

Dividends

202610×
0.08Oct 16, 20260.09Sep 15, 20260.09Aug 14, 20260.09Jul 15, 20260.09Jun 15, 20260.09May 15, 20260.09Apr 15, 20260.09Mar 16, 20260.09Feb 13, 20260.09Jan 15, 2026
202512×
0.09Dec 15, 20250.09Nov 14, 20250.09Oct 15, 20250.09Sep 15, 20250.09Aug 15, 20250.09Jul 15, 20250.09Jun 13, 20250.09May 15, 20250.09Apr 15, 20250.09Mar 14, 20250.09Feb 14, 20250.09Jan 15, 2025
20242×
0.09Dec 13, 20240.09Nov 15, 2024