In plain terms — RiverNorth Managed Duration Municipal Income Fund II
No daily net asset value is published for this fund on our feed, so we cannot say whether it trades above or below its assets.
It pays regular distributions worth about 8.0% a year of the share price. That is a payout rate, not a return: part of it may be capital being handed back.
Annual costs are 6.02% of assets.
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | — | — | — | 0 |
| 6 months | — | — | — | 0 |
| 1 year | — | — | — | 0 |
| 3 years | — | — | — | — |
| 5 years | — | — | — | — |
Current contemporaneous premium/discount — (close Oct 14, 2026 vs NAV —). 1-year range — to —. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -5.07% | -11.57% | -8.40% | -11.98% | -2.79% | — |
| Market price total return | -4.47% | -9.94% | -3.30% | -5.30% | +4.52% | — |
| NAV return | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) is structured as a diversified, closed-end management investment vehicle. Its primary aim is to produce current income that is not subject to regular U.S. Federal income tax, with a secondary objective of achieving total return. The firm maintains its principal operations in Chicago, Illinois.
CEF Explorer research page for RiverNorth Managed Duration Municipal Income Fund II, Inc.. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.