Summary
RMMZ Chart
2 ‘Bargain Bin' Muni Bonds That Will Slash Your Tax Bill
What if I told you we've got a shot at grabbing 2 cheap muni bonds that kick out huge dividends—I'm talking 7.5% and higher—and those payouts are tax-free too?
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.
RiverNorth Managed Duration Municipal Income Fund II, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 36,484 | $532,379.96 | $542,881.92 | $10,501.96 | 1.97% |
 David Bach River Street Advisors LLC | 24,321 | $341,954 | $361,677.59 | $19,723.59 | 5.77% |
 Jill Batley Gateway Wealth Partners LLC | 291,298 | $4.32M | $4.33M | $16,686.65 | 0.39% |
| PIL PFG Investments LLC PFG Investments LLC | 12,871 | $206,427.87 | $191,404.64 | -$15,023.23 | -7.28% |
| DN Daniel Newman Noble Wealth Management PBC | 6,200 | $92,828 | $92,200.2 | -$627.8 | -0.68% |
RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) FAQ
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RiverNorth Managed Duration Municipal Income Fund II, Inc. Profile
| NYSE Exchange | US Country |
Overview
RiverNorth Managed Duration Municipal Income Fund II, Inc. is a streamlined and diversified entity, operating as a closed-end management investment fund. With its base of operations in Chicago, Illinois, this financial institution is tailored to serve as a vehicle for investment, aimed predominantly at delivering income that is exempt from regular U.S. Federal income taxes. This focus caters to investors seeking to maximize their income while minimizing their tax liabilities. Additionally, while its primary goal is to provide current income, the fund also harbors a secondary objective aimed at total return, which implies a strategy not just focused on income but also on the potential for capital appreciation.
Products and Services
Listed below are the key investment focuses and services provided by RiverNorth Managed Duration Municipal Income Fund II, Inc.:
- Current Income Exempt from Regular U.S. Federal Income:
This product is designed for investors looking to earn income without the burden of federal taxes. The fund invests in municipal bonds and other securities that generate interest income which is exempt from regular U.S. Federal income tax. This feature is particularly attractive to investors in higher tax brackets seeking tax-efficient income sources.
- Total Return:
As a secondary objective, the fund looks towards total return. This means, beyond just tax-exempt income, the fund aims to achieve capital appreciation over time. Through strategic investments across a range of municipal bonds and related securities, the fund seeks to increase the value of its assets, thus offering potential for an enhanced overall return to its investors.
