Rivernorth Managed Duration Municipal Income Fund Inc.

Rivernorth Managed Duration Municipal Income Fund Inc.verified

RMM

Price:

$15.89

Market Cap:

$313.66M

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 2...[Read more]

Industry

Asset Management - Income

IPO Date

2019-07-26

Stock Exchange

NYSE

Ticker

RMM

The Enterprise Value as of September 2024 (TTM) for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is 515.76M

According to Rivernorth Managed Duration Municipal Income Fund Inc.’s latest financial reports and current stock price. The company's current Enterprise Value is 515.76M. This represents a change of 146.35% compared to the average of 209.36M of the last 4 quarters.

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Historical Enterprise Value (quarterly & annually)

How has RMM Enterprise Value performed in the past?

The mean historical Enterprise Value of Rivernorth Managed Duration Municipal Income Fund Inc. over the last ten years is 490.89M. The current 515.76M Enterprise Value has changed 10.41% with respect to the historical average. Over the past ten years (40 quarters), RMM's Enterprise Value was at its highest in in the June 2020 quarter at 572.81M. The Enterprise Value was at its lowest in in the December 2023 quarter at 198.80M.

Quarterly (TTM)
Annual

Average

490.89M

Median

545.81M

Minimum

202.09M

Maximum

615.34M

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of Rivernorth Managed Duration Municipal Income Fund Inc. Enterprise Value, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 7.43%

Maximum Annual Enterprise Value = 615.34M

Minimum Annual Increase = -61.01%

Minimum Annual Enterprise Value = 202.09M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
2024202.09M-61.01%
2023518.39M-5.02%
2022545.81M-11.30%
2021615.34M7.43%

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Average Enterprise Value

How has RMM Enterprise Value performed in the past?

The current Enterprise Value of Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

422.10M

5-year avg

490.89M

10-year avg

490.89M

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Enterprise Value vs. Peers

How is RMM’s Enterprise Value compared to its peers?

Rivernorth Managed Duration Municipal Income Fund Inc.’s Enterprise Value is greater than RiverNorth Opportunistic Municipal Income Fund, Inc. (166.96M), greater than MFS Investment Grade Municipal Trust (111.36M), greater than Nuveen Preferred and Income Fund (116.69M), less than BlackRock MuniHoldings New York Quality Fund, Inc. (564.42M), less than RiverNorth Flexible Municipal Income Fund II, Inc. (591.79M), greater than Queen City Investments, Inc. (0), greater than NXG NextGen Infrastructure Income Fund (157.32M), greater than DTF Tax-Free Income 2028 Term Fund Inc. (77.45M), greater than DWS Municipal Income Trust (407.28M), less than BlackRock MuniYield Quality Fund, Inc. (936.51M), less than BlackRock Municipal Income Fund, Inc. (919.08M), greater than BlackRock MuniHoldings Quality Fund II, Inc. (362.85M), greater than MFS Municipal Income Trust (349.37M), less than BlackRock MuniYield Quality Fund III, Inc. (1.28B), greater than Invesco Municipal Income Opportunities Trust (459.29M), greater than MFS High Income Municipal Trust (206.33M), greater than Putnam Premier Income Trust (359.29M), less than Nuveen Municipal Credit Opportunities Fund (1.11B), greater than RiverNorth Flexible Municipal Income Fund, Inc. (0), less than First Trust High Yield Opportunities 2027 Term Fund (675.89M), less than BlackRock MuniYield Fund, Inc. (526.69M),

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