RiverNorth Managed Duration Municipal Income Fund II Key Executives
This section highlights RiverNorth Managed Duration Municipal Income Fund II's key executives, including their titles and compensation details.
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RiverNorth Managed Duration Municipal Income Fund II Earnings
This section highlights RiverNorth Managed Duration Municipal Income Fund II's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ)
RiverNorth Managed Duration Municipal Income Fund II, Inc. functions as an organized, diversified, closed-end management investment fund. The fund's primary investment objective is current income exempt from regular U.S. Federal income and secondary investment objective is total return. The company is headquartered in Chicago, IL.
$15.27
Stock Price
$129.11M
Market Cap
-
Employees
Chicago, IL
Location
Financial Statements
Access annual & quarterly financial statements for RiverNorth Managed Duration Municipal Income Fund II, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | June 30, 2024 | June 30, 2023 |
|---|---|---|
| Revenue | $11.36M | $6.96M |
| Cost of Revenue | $- | $- |
| Gross Profit | $11.36M | $6.96M |
| Gross Profit Ratio | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- |
| General and Administrative Expenses | $125.36K | $56.15K |
| Selling and Marketing Expenses | $- | $- |
| Selling General and Administrative Expenses | $125.36K | $56.15K |
| Other Expenses | $11.23M | $6.90M |
| Operating Expenses | $11.36M | $6.96M |
| Cost and Expenses | $11.36M | $6.96M |
| Interest Income | $5.47M | $6.45M |
| Interest Expense | $3.95M | $2.89M |
| Depreciation and Amortization | $- | $- |
| EBITDA | $- | $- |
| EBITDA Ratio | 0.00% | 0.00% |
| Operating Income | $-30.38M | $- |
| Operating Income Ratio | -267.41% | 0.00% |
| Total Other Income Expenses Net | $41.61M | $6.90M |
| Income Before Tax | $11.23M | $6.90M |
| Income Before Tax Ratio | 98.90% | 99.19% |
| Income Tax Expense | $- | $- |
| Net Income | $11.23M | $6.90M |
| Net Income Ratio | 98.90% | 99.19% |
| EPS | $0.00 | $0.82 |
| EPS Diluted | $0.00 | $0.82 |
| Weighted Average Shares Outstanding | - | 8.42M |
| Weighted Average Shares Outstanding Diluted | - | 8.42M |
| SEC Filing | Source | Source |
| Breakdown |
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| Cost of Revenue |
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| Depreciation and Amortization |
| EBITDA |
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| Total Other Income Expenses Net |
| Income Before Tax |
| Income Before Tax Ratio |
| Income Tax Expense |
| Net Income |
| Net Income Ratio |
| EPS |
| EPS Diluted |
| Weighted Average Shares Outstanding |
| Weighted Average Shares Outstanding Diluted |
| SEC Filing |
Annual Balance Sheet
| Breakdown | June 30, 2024 | June 30, 2023 | June 30, 2022 |
|---|---|---|---|
| Cash and Cash Equivalents | $- | $- | $6.67M |
| Short Term Investments | $- | $- | $- |
| Cash and Short Term Investments | $- | $- | $6.67M |
| Net Receivables | $2.93M | $2.71M | $23.12M |
| Inventory | $- | $- | $- |
| Other Current Assets | $-2.93M | $-2.71M | $-23.12M |
| Total Current Assets | $- | $- | $6.67M |
| Property Plant Equipment Net | $- | $- | $- |
| Goodwill | $- | $- | $- |
| Intangible Assets | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- |
| Long Term Investments | $236.77M | $239.35M | $234.38M |
| Tax Assets | $- | $- | $- |
| Other Non-Current Assets | $-236.77M | $-239.35M | $-234.38M |
| Total Non-Current Assets | $- | $- | $259.84M |
| Other Assets | $241.88M | $244.19M | $266.52M |
| Total Assets | $241.88M | $244.19M | $266.52M |
| Account Payables | $1.50M | $1.27M | $22.72M |
| Short Term Debt | $- | $- | $- |
| Tax Payables | $- | $- | $- |
| Deferred Revenue | $- | $- | $- |
| Other Current Liabilities | $-1.50M | $-1.27M | $-22.72M |
| Total Current Liabilities | $- | $- | $- |
| Long Term Debt | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- |
| Total Non-Current Liabilities | $- | $- | $- |
| Other Liabilities | $94.76M | $98.44M | $117.46M |
| Total Liabilities | $94.76M | $98.44M | $117.46M |
| Preferred Stock | $- | $- | $- |
| Common Stock | $152.51M | $160.52M | $167.06M |
| Retained Earnings | $-5.40M | $-14.77M | $-18.00M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- |
| Other Total Stockholders Equity | $- | $- | $- |
| Total Stockholders Equity | $147.11M | $145.75M | $149.06M |
| Total Equity | $147.11M | $145.75M | $149.06M |
| Total Liabilities and Stockholders Equity | $241.88M | $244.19M | $266.52M |
| Minority Interest | $- | $- | $- |
| Total Liabilities and Total Equity | $241.88M | $244.19M | $266.52M |
| Total Investments | $236.77M | $239.35M | $234.38M |
| Total Debt | $- | $- | $- |
| Net Debt | $- | $- | $-6.67M |
Balance Sheet Charts
| Breakdown | June 30, 2024 | December 31, 2023 | June 30, 2023 |
|---|---|---|---|
| Cash and Cash Equivalents | $- | $- | $- |
| Short Term Investments | $- | $- | $- |
| Cash and Short Term Investments | $- | $- | $- |
| Net Receivables | $2.93M | $2.30M | $2.71M |
| Inventory | $- | $- | $- |
| Other Current Assets | $-2.93M | $-2.30M | $-2.71M |
| Total Current Assets | $- | $- | $- |
| Property Plant Equipment Net | $- | $- | $- |
| Goodwill | $- | $- | $- |
| Intangible Assets | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- |
| Long Term Investments | $236.77M | $236.95M | $239.35M |
| Tax Assets | $- | $- | $- |
| Other Non-Current Assets | $-236.77M | $-236.95M | $-239.35M |
| Total Non-Current Assets | $- | $- | $- |
| Other Assets | $241.88M | $241.58M | $244.19M |
| Total Assets | $241.88M | $241.58M | $244.19M |
| Account Payables | $1.50M | $1.62M | $1.27M |
| Short Term Debt | $- | $- | $- |
| Tax Payables | $- | $- | $- |
| Deferred Revenue | $- | $- | $- |
| Other Current Liabilities | $-1.50M | $-1.62M | $-1.27M |
| Total Current Liabilities | $- | $- | $- |
| Long Term Debt | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- |
| Total Non-Current Liabilities | $- | $- | $- |
| Other Liabilities | $94.76M | $94.90M | $98.44M |
| Total Liabilities | $94.76M | $94.90M | $98.44M |
| Preferred Stock | $- | $- | $- |
| Common Stock | $152.51M | $160.52M | $160.52M |
| Retained Earnings | $-5.40M | $-13.84M | $-14.77M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- |
| Other Total Stockholders Equity | $- | $- | $- |
| Total Stockholders Equity | $147.11M | $146.67M | $145.75M |
| Total Equity | $147.11M | $146.67M | $145.75M |
| Total Liabilities and Stockholders Equity | $241.88M | $241.58M | $244.19M |
| Minority Interest | $- | $- | $- |
| Total Liabilities and Total Equity | $241.88M | $241.58M | $244.19M |
| Total Investments | $236.77M | $236.95M | $239.35M |
| Total Debt | $- | $- | $- |
| Net Debt | $- | $- | $- |
Annual Cash Flow
| Breakdown | June 30, 2024 | June 30, 2023 |
|---|---|---|
| Net Income | $11.23M | $6.90M |
| Depreciation and Amortization | $- | $- |
| Deferred Income Tax | $- | $- |
| Stock Based Compensation | $- | $- |
| Change in Working Capital | $-391.00K | $-938.99K |
| Accounts Receivables | $60.08K | $-997.59K |
| Inventory | $- | $- |
| Accounts Payables | $- | $- |
| Other Working Capital | $-451.08K | $58.60K |
| Other Non Cash Items | $2.57M | $-6.11M |
| Net Cash Provided by Operating Activities | $13.42M | $-145.07K |
| Investments in Property Plant and Equipment | $- | $- |
| Acquisitions Net | $- | $- |
| Purchases of Investments | $- | $- |
| Sales Maturities of Investments | $- | $- |
| Other Investing Activities | $- | $- |
| Net Cash Used for Investing Activities | $- | $- |
| Debt Repayment | $-3.69M | $3.44M |
| Common Stock Issued | $- | $- |
| Common Stock Repurchased | $- | $- |
| Dividends Paid | $-9.87M | $-10.21M |
| Other Financing Activities | $- | $- |
| Net Cash Used Provided by Financing Activities | $-13.56M | $-6.77M |
| Effect of Forex Changes on Cash | $- | $- |
| Net Change in Cash | $-145.00K | $-6.92M |
| Cash at End of Period | $1.96M | $2.10M |
| Cash at Beginning of Period | $2.10M | $9.02M |
| Operating Cash Flow | $13.42M | $-145.07K |
| Capital Expenditure | $- | $- |
| Free Cash Flow | $13.42M | $-145.07K |
Cash Flow Charts
| Breakdown |
|---|
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| Deferred Income Tax |
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RiverNorth Managed Duration Municipal Income Fund II Dividends
Explore RiverNorth Managed Duration Municipal Income Fund II's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
-
Dividend Payout Ratio
87.83%
Dividend Paid & Capex Coverage Ratio
1.36x
RiverNorth Managed Duration Municipal Income Fund II Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.0951 | $0.0951 | March 14, 2025 | March 14, 2025 | March 31, 2025 | January 02, 2025 |
| $0.0951 | $0.0951 | February 14, 2025 | February 14, 2025 | February 28, 2025 | January 02, 2025 |
| $0.0951 | $0.0951 | January 15, 2025 | January 15, 2025 | January 31, 2025 | January 02, 2025 |
| $0.0974 | $0.0974 | December 13, 2024 | December 13, 2024 | December 31, 2024 | October 01, 2024 |
| $0.0974 | $0.0974 | November 15, 2024 | November 15, 2024 | November 29, 2024 | October 01, 2024 |
| $0.0974 | $0.0974 | October 15, 2024 | October 15, 2024 | October 31, 2024 | October 01, 2024 |
| $0.0974 | $0.0974 | September 13, 2024 | September 13, 2024 | September 30, 2024 | July 01, 2024 |
| $0.0974 | $0.0974 | August 15, 2024 | August 15, 2024 | August 30, 2024 | July 01, 2024 |
| $0.0974 | $0.0974 | July 15, 2024 | July 15, 2024 | July 31, 2024 | July 01, 2024 |
| $0.0974 | $0.0974 | June 14, 2024 | June 14, 2024 | June 28, 2024 | April 01, 2024 |
| $0.0974 | $0.0974 | May 14, 2024 | May 15, 2024 | May 31, 2024 | |
| $0.0974 | $0.0974 | April 12, 2024 | April 15, 2024 | April 30, 2024 | April 01, 2024 |
| $0.0974 | $0.0974 | March 14, 2024 | March 15, 2024 | March 28, 2024 | January 02, 2024 |
| $0.0974 | $0.0974 | February 14, 2024 | February 15, 2024 | February 29, 2024 | January 02, 2024 |
| $0.0974 | $0.0974 | January 12, 2024 | January 16, 2024 | January 31, 2024 | January 02, 2024 |
| $0.0971 | $0.0971 | December 14, 2023 | December 15, 2023 | December 29, 2023 | October 02, 2023 |
| $0.0971 | $0.0971 | November 14, 2023 | November 15, 2023 | November 30, 2023 | October 02, 2023 |
| $0.0971 | $0.0971 | October 12, 2023 | October 13, 2023 | October 31, 2023 | October 02, 2023 |
| $0.0971 | $0.0971 | September 14, 2023 | September 15, 2023 | September 29, 2023 | July 03, 2023 |
| $0.0971 | $0.0971 | August 14, 2023 | August 15, 2023 | August 31, 2023 | July 03, 2023 |
RiverNorth Managed Duration Municipal Income Fund II News
Read the latest news about RiverNorth Managed Duration Municipal Income Fund II, including recent articles, headlines, and updates.
RiverNorth Closed-End Funds Declare Monthly Distributions
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 October, November and December 2024, as detailed below. Ex Date Record Date Payable Date October 15, 2024 October 15, 2024 October 31, 2024 November 15, 2024 November 15, 2024 November 29, 2024 December 13, 2024 December 13, 2024 December 31, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset.
RMMZ: Hybrid Approach To Municipal Bond Exposure
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: Interesting Dual Muni Bond Strategy Earns A Sell Rating
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.
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Related Metrics
Explore detailed financial metrics and analysis for RMMZ.