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)15.77
  • Today's Change0.19 / 1.22%
  • Shares traded16.22k
  • 1 Year change-0.19%
  • Beta--
Data delayed at least 15 minutes, as of May 04 2024 00:00 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)
Western Asset Premier Bond Fund-100.00bn-100.00bn128.15m--------------------------------------------------------------
Federated Hermes Premier Muncpl Incm Fnd-100.00bn-100.00bn128.43m0.00------------------------------------------------------------
John Hancock Income Securities Trust-100.00bn-100.00bn129.63m--------------------------------------------------------------
Western Asset Mortgage Opprtnty Fund Inc-100.00bn-100.00bn130.46m--------------------------------------------------------------
Zalatoris II Acquisition Corp0.007.29m130.61m--38.671.9417.93--0.28140.28140.005.620.00------5.02--5.11--------------0.003-------70.46------
ContextLogic Inc287.00m-317.00m131.26m452.00--0.6007--0.4574-13.38-13.3812.098.960.4697--27.33634,955.80-51.88-29.10-88.42-67.2220.5659.38-110.45-26.22----0.00---49.74-30.1717.45---31.57--
Flaherty & Crumrine Pref and Incm Fd Inc-100.00bn-100.00bn131.48m0.00------------------------------------------------------------
Everest Consolidator Acquisition Corp0.00-10.04m131.56m----1.54-----0.4796-0.47960.007.290.00-------6.13---6.55--------------0.0208-------6,436.52------
Arrowmark Financial Corp27.94m20.25m132.02m--6.520.8666--4.732.852.853.9321.430.1355--6.34--9.825.9813.488.0069.5466.9372.4860.87----0.2279100.2338.2611.37277.3415.08---0.4866
BlackRock Long Term Municpl Advntg Trust10.78m3.74m133.05m--35.620.9491--12.340.27790.27790.802510.430.0469--4.67--1.63--1.65--53.81--34.64----3.040.3687--------------
RiverNorth Mngd Drtn Mncpl ncm Fnd , nc-100.00bn-100.00bn133.34m--------------------------------------------------295.49--141.73------
Valuence Merger Corp I0.004.77m134.00m--44.772.3428.08--0.25550.25550.004.900.00------3.17--3.25--------------0.038------656.66------
Voya Global Advantage and Prem Oppty Fd-100.00bn-100.00bn136.21m--------------------------------------------------------------
Ellington Credit Co42.55m4.56m136.56m170.0027.380.9407--3.210.25170.25172.867.320.0426--1.01250,288.200.4560.15683.521.36-14.9928.3110.715.88----0.8426689.7821.55-4.85115.10-----9.88
Brandywineglbl Global Incm Opp Fund Inc21.37m7.36m137.69m--18.710.9781--6.440.43820.43821.278.380.0816--4.61--2.811.263.711.6071.1374.4434.4320.82--2.180.4411350.2111.09-4.21113.95----1.14
Data as of May 04 2024. Currency figures normalised to RiverNorth Managed Duration Municipal Income Fund II, Inc's reporting currency: US Dollar USD

Institutional shareholders

12.38%Per cent of shares held by top holders
HolderShares% Held
Karpus Management, Inc.as of 31 Dec 2023264.26k3.13%
Wells Fargo Clearing Services LLCas of 31 Dec 2023176.52k2.09%
RBC Capital Markets LLC (Investment Management)as of 31 Dec 2023171.09k2.02%
UBS Financial Services, Inc.as of 31 Dec 2023154.84k1.83%
Morgan Stanley Smith Barney LLC (Investment Management)as of 31 Dec 2023112.16k1.33%
Stifel Nicolaus & Co., Inc. (Investment Management)as of 31 Dec 202355.98k0.66%
Wedbush Securities, Inc. (Investment Management)as of 31 Dec 202350.13k0.59%
LPL Financial LLCas of 31 Mar 202426.66k0.32%
Securities America Advisors, Inc.as of 31 Dec 202318.68k0.22%
Wells Fargo Advisors Financial Network LLCas of 31 Dec 202316.58k0.20%
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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