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RiverNorth Closed-End Funds Declare Monthly Distributions
Business Wire (Wed, 1-Jul 4:30 PM ET)
RiverNorth Managed Duration Municipal Income Fund II Inc is a diversified, closed-end management investment company. The Fund's primary investment objective is current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.
Rivernorth Managed Duration Municipal Income II trades on the NYSE stock market under the symbol RMMZ.
As of August 12, 2026, RMMZ stock price declined to $14.78 with 11,312 million shares trading.
RMMZ has a market cap of $124.96 million. This is considered a Micro Cap stock.
In the last 3 years, RMMZ traded as high as $16.56 and as low as $12.92.
RMMZ has underperformed the market in the last year with a price return of +11.7% while the SPY ETF gained +22.8%. RMMZ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.6% and +1.2%, respectively, while the SPY returned +4.9% and +4.4%, respectively.
RMMZ support price is $14.67 and resistance is $15.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RMMZ shares will trade within this expected range on the day.
