RiverNorth Managed Duration Municipal Income Fund Inc
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 e… Read more
RiverNorth Managed Duration Municipal Income Fund Inc (RMM) - Total Assets
Latest total assets as of June 2025: $480.49 Million USD
Based on the latest financial reports, RiverNorth Managed Duration Municipal Income Fund Inc (RMM) holds total assets worth $480.49 Million USD as of June 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
RiverNorth Managed Duration Municipal Income Fund Inc - Total Assets Trend (2019–2024)
This chart illustrates how RiverNorth Managed Duration Municipal Income Fund Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
RiverNorth Managed Duration Municipal Income Fund Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
RiverNorth Managed Duration Municipal Income Fund Inc's total assets of $480.49 Million consist of 1.3% current assets and 98.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.0% |
| Accounts Receivable | $6.05 Million | 1.3% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how RiverNorth Managed Duration Municipal Income Fund Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: RiverNorth Managed Duration Municipal Income Fund Inc's current assets represent 1.3% of total assets in 2024, an increase from 0.8% in 2019.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2024, down from 0.1% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2019.
- Asset Diversification: The largest asset category is accounts receivable at 1.3% of total assets.
RiverNorth Managed Duration Municipal Income Fund Inc Competitors by Total Assets
Key competitors of RiverNorth Managed Duration Municipal Income Fund Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Proven Growth and Income Vct PLC
LSE:PGOO
|
UK | GBX158.73 Million |
|
Bankers Petroleum Ltd
TO:BNK
|
Canada | CA$31.42 Million |
|
CLDVF
PINK:CLDVF
|
USA | $435.61K |
|
Katana Capital Ltd
AU:KAT
|
Australia | AU$53.45 Million |
|
Nippon Active Value Fund Plc
LSE:NAVF
|
UK | GBX390.96 Million |
|
Norte Grande
SN:NORTEGRAN
|
Chile | CL$2.91 Billion |
|
Pohjanmaan Arvo Sijoitusosuuskunta
HE:ARVOSK
|
Finland | €109.66 Million |
|
3330
XETRA:3330
|
Germany | €625.29K |
RiverNorth Managed Duration Municipal Income Fund Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - RiverNorth Managed Duration Municipal Income Fund Inc generates -0.01x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - RiverNorth Managed Duration Municipal Income Fund Inc is currently not profitable relative to its asset base.
RiverNorth Managed Duration Municipal Income Fund Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 3.37 | 2.34 | 3.46 |
| Quick Ratio | 3.37 | 0.00 | 3.46 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $4.35 Million | $ 3.13 Million | $ 3.47 Million |
RiverNorth Managed Duration Municipal Income Fund Inc - Advanced Valuation Insights
This section examines the relationship between RiverNorth Managed Duration Municipal Income Fund Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.95 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -9.3% |
| Total Assets | $480.49 Million |
| Market Capitalization | $139.09K USD |
Valuation Analysis
Below Book Valuation: The market values RiverNorth Managed Duration Municipal Income Fund Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: RiverNorth Managed Duration Municipal Income Fund Inc's assets decreased by 9.3% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for RiverNorth Managed Duration Municipal Income Fund Inc (2019–2024)
The table below shows the annual total assets of RiverNorth Managed Duration Municipal Income Fund Inc from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $480.49 Million | -9.34% |
| 2023-12-31 | $529.97 Million | -2.73% |
| 2022-12-31 | $544.84 Million | -5.32% |
| 2021-12-31 | $575.47 Million | -9.70% |
| 2020-12-31 | $637.26 Million | +7.01% |
| 2019-12-31 | $595.52 Million | -- |