Rivernorth Managed Duration Municipal Income Fund Inc (RMM) Fair Value & Analysis
Financial Services · US · Market cap $286M
Rivernorth Managed Duration Municipal Income Fund Inc
RMM · US
Fair value as of: Jun 26, 2026
From 3 valuation models · updated 7 days ago
Share price +3.2% over the past month.
Price vs Fair Value (12 months)
12‑month range $12.35 – $14.65 · fair‑value band $5.65 – $27.78 · the $14.65 price screens below the $14.89 fair value. As of Jun 26, 2026.
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Rivernorth Managed Duration Municipal Income Fund Inc (RMM) currently trades at $14.65, while our model-based Fair Value estimate is $14.89 — implying the stock looks roughly 1.6% undervalued today. We read business quality at 63/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.
Net debt stands at $187M. The stock trades on a trailing P/E of 76.3. Fundamentals as of Jun 26, 2026
Key figures & financial health
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 26, 2019 and is domiciled in the United States.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
Rivernorth Managed Duration Municipal Income Fund Inc reported revenue of −$5.1M in FY2024 versus $69.2M in FY2020. Reported net income was −$12.9M in FY2024.
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.