Rivernorth Managed Duration Municipal Income Fund Inc. (RMM)

World Investment Advisors trimmed its position in shares of Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) by 83.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the company's stock after selling 100,800 shares during the period.

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Municipal bonds are trading at persistent discounts due to the Federal Reserve maintaining interest rates at elevated levels. We forecast additional cuts that will boost values considerably. Collect federal tax-free income.

I maintain a 'hold' rating on RMM, despite its attractive 8% yield and notable discount to NAV, due to lingering concerns from past reviews. Municipal bonds remain a core allocation for me, offering superior after-tax yields versus similarly rated corporates, especially as tax rates rise. RMM's current discount to NAV is appealing, but it's consistent with its historical range, so I don't see it as a standout bargain.

BURLINGTON, Mass.--(BUSINESS WIRE)--N‑able, Inc. (NYSE: NABL), a global software company helping IT services providers deliver remote monitoring and management, data protection as-a-service, and security solutions, today announced it has been awarded Champion Status for the second consecutive time in the 2024 Canalys RMM and PSA Leadership Matrix. According to the prestigious matrix, a Champion demonstrated the highest levels of excellence in channel and technology capability over the last 12 m.

The recent 10-year Treasury yield spike presents a buying opportunity in the muni bond CEFs offering better NAV discount and high yield. RiverNorth Managed Duration Muni offers a 6.88% yield and relatively strong performance in 2024 due to the unique and adaptive fund strategy. RMM and its peer RMI (7% yield) are term funds with liquidation in 6-7 years, offering price stability and ensuring NAV discount closure, good for longer-term holding.

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.

RiverNorth Managed Duration Municipal Income Fund is a muni bond-focused fund managed by RiverNorth and MacKay Shields. A swap to RiverNorth Flexible Municipal Income Fund II based on relative valuations has worked well, and there could be more potential room for this to play out. RMM offers a managed 6.75% distribution based on year-end NAV, and that payout will need to be supported with capital gains and/or return of capital.

ORLANDO, Fla.--(BUSINESS WIRE)--MSP GeekCon – HaloPSA and NinjaOne®, a leading IT platform for endpoint management, security, and visibility, today announced an integration that brings together NinjaOne’s remote monitoring and management (RMM) product with HaloPSA’s professional services automation (PSA) software. The integration makes it easier and more efficient for MSPs to manage devices and the services they provide their customers, saving MSPs time and resources so they can better serve their clients. "With increasingly complex environments to manage, and growing pressure to find and retain IT talent, it’s gotten even harder to manage and secure our clients’ devices. As an MSP, time is our most valuable resource and it’s critical that we have the most up to date information in our PSA and remote monitoring and management systems,” said Kris Pennington, Senior Cloud Engineer at Newwave Cloud Consulting. “The HaloPSA and NinjaOne integration saves us time because we no longer need to go back and forth trying to update disparate systems. Now that we’re more efficient, we’ve freed up resources so we can spend more time taking care of our clients’ business and IT needs." Disconnected PSA and endpoint management systems make business and device management cumbersome and duplicative. HaloPSA and NinjaOne’s integration brings together top-rated PSA and RMM products to make MSPs more effective and efficient. The integration’s benefits include: Faster resolution time: MSPs can get ahead of an issue before the end user even knows there’s a problem, proactively eliminating the need for some tickets and reducing the time spent solving them. More efficient operations and service: Having up to date device information in either console improves efficiency, so MSPs aren’t wasting time on projects or tickets that have already been resolved. Exceptional support: Both HaloPSA and NinjaOne pride themselves on customer success, providing MSPs with the business and RMM support they need to do their best work. "Building this integration with NinjaOne was a no brainer – customer success is at the heart of both of our organisations’ missions,” said Tim Barton-Wines, Executive at HaloPSA. “MSPs have a challenging job in managing both business and technology services for their clients. This integration with NinjaOne simplifies their work, saving them time and allowing them to provide better support to their customers by eliminating back and forth between their PSA and RMM systems.” “Organizations run on more endpoints than ever. In the wake of hybrid work and growing device sprawl, it’s increasingly challenging and complex for MSPs to manage and secure their clients’ devices,” said Rahul Hirani, SVP of Product Management at NinjaOne. “NinjaOne saves MSPs time and resources by automating endpoint management and security at scale. And this integration with HaloPSA makes our customers more efficient and effective at their jobs by streamlining device and business management.” Learn more about HaloPSA and NinjaOne’s integration at: https://halopsa.com/integrations/integrate-ninjarmm-with-psa-software/ and https://www.ninjaone.com/integrations/halopsa/. About HaloPSA Originally founded in 1994, Halo Service Solutions has gone through a complete rebrand in 2019 and launched an innovative suite of products that are changing the way IT services are delivered globally. Our cloud and on-premise service platforms HaloITSM, used to provide Enterprise Service Management across all departments, and HaloPSA, used by IT Managed Service Providers, utilise the latest technologies to empower support teams across the globe. Halo is a privately owned software company, building innovative service management platforms for digital-first businesses. Our dedicated team works across our product suite; developing, selling, supporting, managing, and implementing the platform all in-house. With a growth rate of over 300% over the last 3 years, Halo has been named one of the fastest growing companies by the Financial Times (FT 1000: Fastest Growing Companies), and is trusted by over 125,000 teams in more than 75 countries. Halo Service Solutions – Official Website About NinjaOne NinjaOne automates the hardest parts of IT, empowering more than 17,000 IT teams with visibility, security, and control over all endpoints. The NinjaOne platform is proven to increase productivity, while reducing risk and IT costs. NinjaOne is consistently ranked #1 for its world-class support and is the top-rated software on G2 in seven categories including endpoint management, remote monitoring and management, and patch management. Try NinjaOne for free at https://www.ninjaone.com/freetrialform/.

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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 April, May and June 2024, as detailed below. Ex Date Record Date Payable Date April 12, 2024 April 15, 2024 April 30, 2024 May 14, 2024 May 15, 2024 May 31, 2024 June 14, 2024 June 14, 2024 June 28, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as of 3/28/2024 Annualized Curr.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the distribution rates have been reset for the calendar year 2024, as detailed below. Further, the Funds have declared distributions for January, February, and March 2024. Ex Date Record Date Payable Date January 12, 2024 January 16, 2024 January 31, 2024 February 14, 2024 February 15, 2024 February 29, 2024 March 14, 2024 March 15, 2024 March 28, 2024 Tax-Exempt.

RMM has seen a negative total return since my prior review years ago. Going forward, I'm reluctant to place a buy rating on it. The use of return of capital is extensive, suggesting a distribution cut will occur in 2024. Munis as a whole have merit given the historically high income streams (relative to their trading history). But RMM is not the best way to play it.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--The RiverNorth closed-end funds (the “Funds”) have declared monthly distributions for October, November and December 2023 in accordance with each Fund's level distribution policy. Details below.

RiverNorth Capital Management offers several closed-end funds with municipal bond exposure, presenting an opportunity for swap trades. RMM is trading at a narrow discount on an absolute and relative basis, while RFMZ presents a relatively more attractive valuation with significantly similar exposure. Both funds have high expense ratios, leverage risks, and unpredictable tax-exempt income, making them less attractive for muni investors, but could still be exploited by those who are holding anyway.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--The RiverNorth closed-end funds (the “Funds”) have declared monthly distributions for July, August and September 2023 in accordance with each Fund's level distribution policy. Details below. Ex Date Record Date Payable Date July 13, 2023 July 14, 2023 July 31, 2023 August 14, 2023 August 15, 2023 August 31, 2023 September 14, 2023 September 15, 2023 September 29, 2023 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Change From Prior Dist.