RiverNorth Managed Duration Municipal Income Fund II

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

RiverNorth Flexible Muncpl Incme Fnd Inc

RiverNorth Flexible Mncpl Inm Fnd II Inc

RiverNorth Opportunities Fund, Inc.

RiverNorth Opportunistic Municipal Income Fund Inc

RiverNorth Managed Duration Municipal Income Fund Inc

RiverNorth Capital and Income Fund

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have declared distributions for July, August and September 2024, as detailed below. Ex Date Record Date Payable Date July 15, 2024 July 15, 2024 July 31, 2024 August 15, 2024 August 15, 2024 August 30, 2024 September 13, 2024 September 13, 2024 September 30, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as.

RiverNorth Closed-End Funds Declare Monthly Distributions

RiverNorth Managed Duration Municipal Income Fund II is a closed-end fund that provides exposure to municipal bonds. RMMZ utilizes a portfolio that includes individual municipal bonds and a fund-of-funds approach, investing in other CEF muni funds. RMMZ offers a potentially attractive discount and can be used tactically as a swap partner with other similar RiverNorth funds.

RMMZ: Hybrid Approach To Municipal Bond Exposure

RiverNorth Managed Duration Municipal Income Fund II combines two investment strategies in its portfolio. RMMZ has $146.6m in common assets and $231m in total AUM, with a yield of 6.9%. The fund implements a managed duration strategy and shifts allocation between the two strategies based on market conditions.

News for RiverNorth Managed Duration Municipal Income Fund II ETF (RMMZ)