RiverNorth Managed Duration Municipal Income Fund Inc Defensive Interval Ratio
RiverNorth Managed Duration Municipal Income Fund Inc defensive interval ratio. RiverNorth Managed Duration Municipal Income Fund Inc (RMM) has a Defensive Interval Ratio of 1201 days as of June 2025. Defensive assets of $6.05 Million (cash $-, short-term investments $-, receivables $6.05 Million) cover 1201 days of daily cash needs of $5.04K/day. See RMM working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Defensive Interval Ratio of RiverNorth Managed Duration Municipal Income Fund Inc (2019–2024)
Defensive interval ratio of RiverNorth Managed Duration Municipal Income Fund Inc from 2019 to 2024. This chart shows how RiverNorth Managed Duration Municipal Income Fund Inc's Defensive Interval Ratio has evolved across 6 annual periods from 2019 to 2024. As of June 2025, the ratio stands at 1201 days, meaning defensive assets of $6.05 Million can fund 1201 days of operations without new revenue. Read RMM current and long-term liabilities for a breakdown of total debt and financial obligations.
RiverNorth Managed Duration Municipal Income Fund Inc Defensive Interval Ratio by Year (2019–2024)
RiverNorth Managed Duration Municipal Income Fund Inc defensive interval ratio by year from 2019 to 2024. The table below presents the year-by-year Defensive Interval Ratio for RiverNorth Managed Duration Municipal Income Fund Inc from 2019 to 2024, covering 6 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For the complete balance sheet picture, see RMM total asset value.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2024 | 1201 days | $6.05 Million | $5.04K/day | $- | $- | ▲ +349 days |
| 2023 | 852 days | $5.46 Million | $6.41K/day | $- | $- | ▲ +306 days |
| 2022 | 546 days | $6.13 Million | $11.22K/day | $- | $- | ▲ +78 days |
| 2021 | 468 days | $16.26 Million | $34.71K/day | $- | $- | ▲ +381 days |
| 2020 | 87 days | $3.38 Million | $38.78K/day | $- | $- | ▼ -2297 days |
| 2019 | 2384 days | $4.61 Million | $1.94K/day | $- | $- | — |