Rhea-AI Summary
RiverNorth Capital Management has launched the RiverNorth Managed Duration Municipal Income Fund II (symbol: RMMZ), a closed-end municipal bond fund trading on the NYSE since February 11, 2022.
The Fund has a primary objective of generating current income exempt from U.S. federal income taxes and a secondary objective of total return. A 6.25% level distribution policy has been approved, with monthly distributions of $0.1042 per share, beginning March 1, 2022.
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FAQ
What is the current stock price of RiverNorth Managed Duration Municipal Income Fund II (RMMZ)?
RiverNorth Managed Duration Municipal Income Fund II (RMMZ) last closed at $13.96.
What is the market cap of RiverNorth Managed Duration Municipal Income Fund II (RMMZ)?
The market cap of RiverNorth Managed Duration Municipal Income Fund II (RMMZ) is approximately $118.0M.