RiverNorth Managed Duration Municipal Income Fund II Inc. (RMMZ) — Defensive Interval Ratio
RiverNorth Managed Duration Municipal Income Fund II Inc. (RMMZ) has a Defensive Interval Ratio of 1233 days as of June 2025. Defensive assets of $3.16 Million (cash $-, short-term investments $-, receivables $3.16 Million) cover 1233 days of daily cash needs of $2.56K/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
RiverNorth Managed Duration Municipal Income Fund II Inc. Defensive Interval Ratio (2022–2025)
This chart shows how RiverNorth Managed Duration Municipal Income Fund II Inc.'s Defensive Interval Ratio has evolved across 4 annual periods from 2022 to 2025. As of June 2025, the ratio stands at 1233 days, meaning defensive assets of $3.16 Million can fund 1233 days of operations without new revenue. For the complete balance sheet picture, see RiverNorth Managed Duration Municipal In balance sheet assets.
Annual Defensive Interval Ratio for RiverNorth Managed Duration Municipal Income Fund II Inc. (2022–2025)
The table below presents the year-by-year Defensive Interval Ratio for RiverNorth Managed Duration Municipal Income Fund II Inc. from 2022 to 2025, covering 4 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See how liquid is RiverNorth Managed Duration Municipal In's working capital to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 1233 days | $3.16 Million | $2.56K/day | $- | $- | ▲ +518 days |
| 2024 | 714 days | $2.93 Million | $4.10K/day | $- | $- | ▼ -66 days |
| 2023 | 780 days | $2.71 Million | $3.47K/day | $- | $- | ▲ +409 days |
| 2022 | 371 days | $23.12 Million | $62.24K/day | $- | $- | — |