Rivernorth Managed Duration Municipal Income Fund, Inc. Declares Distribution or the Months of April, May and June 2020, Payable on April 30, 2020, May 29, 2020 and June 30, 2020 Respectively
April 06, 2020 at 10:30 pm
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Rivernorth Managed Duration Municipal Income Fund Inc. announced the declaration of monthly distributions of $0.0917 per common share for the months of April, May and June 2020, payable on April 30, 2020, May 29, 2020 and June 30, 2020 respectively to the recorded shareholders on April 16, 2020, May 15,2020 and June 16, 2020 respectively and the ex-date is April 15, 2020, May 14, 2020 and June 15, 2020 respectively .
RiverNorth Managed Duration Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fundâs primary investment objective is to seek current income exempt from regular United States federal income taxes. The Fundâs secondary investment objective is total return. The Companyâs investment strategy includes Tactical Municipal Closed-End Fund (CEF) Strategy and Municipal Bond Income Strategy. The Tactical Municipal CEF Strategy typically invests in municipal CEFs and exchange-traded funds (ETFs) and other investment companies. The Municipal Bond Income Strategy primarily invests in municipal bonds of any credit quality, including securities that are rated below investment grade. The Fundâs investment adviser is RiverNorth Capital Management, LLC and the Fundâs sub-adviser is MacKay Shields, LLC.
Rivernorth Managed Duration Municipal Income Fund, Inc. Declares Distribution or the Months of April, May and June 2020, Payable on April 30, 2020, May 29, 2020 and June 30, 2020 Respectively