XRMZX

About XRMZX

RiverNorth Managed Duration Municipal Income Fund II, Inc. is a closed-end fund designed to provide investors with current income that is exempt from regular U.S. federal income taxes. Its primary function is to offer tax-advantaged income, with a secondary goal of seeking total return through strategic portfolio management. The fund achieves these objectives using a dual-investment approach: it tactically allocates assets between a strategy focused on municipal closed-end funds and exchange-traded funds, and a municipal bond income strategy emphasizing a broad spectrum of municipal securities, including those rated below investment grade. This managed duration approach enables the fund to maintain interest rate risk within a targeted range, adjusting as market conditions change. RiverNorth partners with MacKay Shields LLC for professional management of the municipal bond allocations. The fund plays a notable role in the municipal bond sector by combining expertise in both direct municipal security selection and opportunistic closed-end fund trading, seeking to deliver a consistent income stream in the broader fixed income market, particularly for investors interested in minimizing federal tax obligations.