RMMZ - RiverNorth Managed Duration Municipal Income Fund II
A closed-end fund run by RiverNorth. Invests in tax-free municipal bonds. Listed on the New York Stock Exchange.
Is anyone targeting this fund?
No - nobody has reported owning 5% or more of this fund.
Is the fund doing anything you need to act on?
Nothing right now.
What this means for you
No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.
Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.
What happened, and when
-
May 21, 2025
The fund said it may sell new shares.
Original document → -
April 16, 2025
The fund offered holders the right to buy more shares.
Original document → -
March 31, 2025
The fund said it may sell new shares.
Original document → -
Feb 18, 2025
The fund said it may sell new shares.
Original document → -
Oct 23, 2024
The fund said it may sell new shares.
Original document →
About this fund
- Run by RiverNorth Capital Management, LLC. As of June 30, 2026, from the fund's yearly report. Original document →
- Size: about $136 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- Borrowing: the fund does not borrow. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- Costs: 2.3% a year in management fees; 4.5% a year in total, including interest on borrowed money. Fiscal year ended June 30, 2026. As of June 30, 2026, from the fund's yearly report. Original document →
- Payouts: last fiscal year the fund told the regulator that part of what it paid out was not income (it came from gains or from your own money back). As of June 30, 2026, from the fund's yearly report. Original document →
- Value of holdings per share at the last fiscal year end (June 30, 2026): $16.11. The shares traded at $15.04, about 6.6% below that.
As of June 30, 2026, from the fund's yearly report. Original document →
Over the last two years the gap ranged from 12.5% below to 4.9% below. As of June 30, 2026, from the fund's annual report. Original document → - How the holdings did: up 4.2% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +15.3%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- First reported to the regulator in 2021.
+8%-8%
July 2024June 2026
What the fund holds
Mostly tax-free municipal bonds (67%), the rest shares and cash and short-term holdings. About 99% issued in the U.S.
- BlackRock MuniHoldings Fund, Inc. - 7.8%
- Chicago Il, City of Chicago IL - 7.6%
- BlackRock MuniYield Quality Fund, Inc. - 7.5%
- Illinois St, State of Illinois - 6.2%
- New York Ny, City of New York NY - 6%
- Clark Cnty Nv Wtr Reclamation Dist, Clark County Water Reclamation District - 5.4%
- Michigan St Trunk Line, State of Michigan Trunk Line Revenue - 4.1%
- Triborough Ny Bridge & Tunnel Auth Payroll Mobility Tax, Triborough Bridge D-2 and Tunnel Authority General Revenue Bonds - 3.9%
- Port Auth Of New York & New Jersey Ny, Port Authority of New York & New Jersey - 3.9%
- Tennessee Energy Acquisition Corp Commodity Project Revenue, Tennessee Energy Acquisition Corporation Gas Revenue Bonds - 3.9%
Show all 19
- Rhode Island St Health & Edl Bldg, Rhode Island Health & Educational Facility Revenue Bonds - 3.9%
- BlackRock MuniYield Quality Fund III, Inc. - 3.9%
- Gtr Asheville Regl Arpt Auth Nc Arpt Sys Revenue, Greater Asheville Regional Airport Authority - 3.8%
- Hawaii St Arpts Sys Revenue, State of Hawaii Airports System Revenue - 3.7%
- Ishares National Muni Bond Etf - 3.5%
- San Diego Cnty Ca Regl Arpt Auth Airport Revenue, San Diego County Regional Airport Authority - 3.4%
- Sacramento City Ca Unif Sch Dist, Sacramento City Unified School District - 3.4%
- Cash and short-term - 3.4%
- Georgetown Tx Utility Sys Revenue, City of Georgetown TX Utility System Revenue - 3.1%
As of June 30, 2026, from the fund's quarterly holdings report. Original document →
Details: all notices, events and fund facts
No notices from large investors on file.
| Date | What | Deadline | Document |
|---|---|---|---|
| May 21, 2025 | May sell new shares | none | Original document → |
| April 16, 2025 | Offer to buy more shares | none | Original document → |
| March 31, 2025 | May sell new shares | none | Original document → |
| Feb 18, 2025 | May sell new shares | none | Original document → |
| Oct 23, 2024 | May sell new shares | none | Original document → |
- Run by
- RiverNorth Capital Management, LLC
- Fund family
- RiverNorth
- Exchange
- New York Stock Exchange
- Regulator's file number
- 811-23713
- Auditor
- COHEN & CO., LTD.
- Fiscal year end
- June 30, 2026
- Number of holdings
- 103
- Preferred share classes
- none
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