Equities

RiverNorth Managed Duration Municipal Income Fund II, Inc

RMMZ:NYQ

RiverNorth Managed Duration Municipal Income Fund II, Inc

Actions
FinancialsClosed End Investments
  • Price (USD)15.80
  • Today's Change-0.025 / -0.16%
  • Shares traded11.85k
  • 1 Year change+3.57%
  • Beta--
Data delayed at least 15 minutes, as of May 17 2024 21:10 BST.
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About the company

RiverNorth Managed Duration Municipal Income Fund II, Inc. (the Fund) is a closed-end management investment company. The Fund’s primary investment objective is current income exempt from regular United States (U.S) federal income taxes. The Fund’s secondary investment objective is total return. The Fund seeks to achieve its investment objectives by investing, directly or indirectly, at least 80% of its Managed Assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax (Municipal Bonds). The Fund may also invest in underlying funds that invest in securities. The Fund invests in various sectors, which include closed-end funds, municipal bonds, short-term investments. The Fund’s investment adviser is RiverNorth Capital Management, LLC.

  • Revenue in USD (TTM)--
  • Net income in USD--
  • Incorporated2021
  • Employees--
  • Location
    RiverNorth Managed Duration Municipal Income Fund II, Inc360 S. Rosemary Ave, Suite 1420WEST PALM BEACH 33401United StatesUSA
  • Phone+1 (312) 832-1440
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Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Pyrophyte Acquisition Corp0.006.36m128.84m--36.071.88----0.31550.31550.006.040.00------4.16--4.18--------------0.0077------328.46------
Lument Finance Trust Inc122.43m16.19m129.60m0.008.000.6983--1.060.30990.30992.344.650.0978--7.60--1.671.217.235.2731.9740.9017.0920.00--416.840.8222132.5792.6333.70192.26-----1.46
Arrowmark Financial Corp27.94m20.25m130.31m--6.430.8543--4.662.852.853.9321.430.1355--6.34--9.825.9813.488.0069.5466.9372.4860.87----0.2279100.2338.2611.37277.3415.08---0.4866
Federated Hermes Premier Muncpl Incm Fnd-100.00bn-100.00bn130.38m0.00------------------------------------------------------------
Zalatoris II Acquisition Corp0.007.29m131.21m--38.851.9518.01--0.28140.28140.005.620.00------5.02--5.11--------------0.003-------70.46------
Everest Consolidator Acquisition Corp0.00-10.04m131.79m----1.54-----0.4796-0.47960.007.290.00-------6.13---6.55--------------0.0208-------6,436.52------
Western Asset Mortgage Opprtnty Fund Inc-100.00bn-100.00bn132.50m--------------------------------------------------------------
Flaherty & Crumrine Pref and Incm Fd Inc-100.00bn-100.00bn133.28m0.00------------------------------------------------------------
RiverNorth Mngd Drtn Mncpl ncm Fnd , nc-100.00bn-100.00bn133.55m--------------------------------------------------295.49--141.73------
OFS Capital Corp56.89m-13.32m133.58m51.00--0.9001--2.35-0.9942-0.99424.2511.080.1229--24.041,115,549.00-2.882.42-2.922.4945.1143.73-23.4124.68--0.6110.6331121.1616.825.8693.87-----0.2959
John Hancock Income Securities Trust-100.00bn-100.00bn134.05m--------------------------------------------------------------
ContextLogic Inc227.00m-287.00m134.22m452.00--0.8153--0.5913-11.98-11.989.466.720.4387--34.92502,212.40-55.46-29.10-95.67-67.2219.8259.38-126.43-26.22----0.00---49.74-30.1717.45---31.57--
Valuence Merger Corp I0.004.77m134.35m--44.892.3428.16--0.25550.25550.004.900.00------3.17--3.25--------------0.038------656.66------
IB Acquisition Corp-100.00bn-100.00bn137.06m-------------------------------------------------------1,079.31------
Voya Global Advantage and Prem Oppty Fd-100.00bn-100.00bn137.15m--------------------------------------------------------------
BlackRock Long Term Municpl Advntg Trust10.78m3.74m138.43m--37.060.9874--12.840.27790.27790.802510.430.0469--4.67--1.63--1.65--53.81--34.64----3.040.3687--------------
Data as of May 17 2024. Currency figures normalised to RiverNorth Managed Duration Municipal Income Fund II, Inc's reporting currency: US Dollar USD

Institutional shareholders

12.78%Per cent of shares held by top holders
HolderShares% Held
Karpus Management, Inc.as of 31 Mar 2024225.85k2.67%
RBC Capital Markets LLC (Investment Management)as of 31 Mar 2024189.07k2.24%
Morgan Stanley Smith Barney LLC (Investment Management)as of 31 Mar 2024177.55k2.10%
Wells Fargo Clearing Services LLCas of 31 Mar 2024163.22k1.93%
UBS Financial Services, Inc.as of 31 Mar 2024151.08k1.79%
Stifel Nicolaus & Co., Inc. (Investment Management)as of 31 Mar 202456.72k0.67%
Wedbush Securities, Inc. (Investment Management)as of 31 Mar 202452.36k0.62%
Thomas J. Herzfeld Advisors, Inc.as of 31 Mar 202423.05k0.27%
Securities America Advisors, Inc.as of 31 Mar 202421.32k0.25%
LPL Financial LLCas of 31 Mar 202420.65k0.24%
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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