RiverNorth Managed Duration Municipal Income Fund II, Inc.: directors' dealings · United States · SEC (Form 4)

About RiverNorth Managed Duration Municipal Income Fund II, Inc.

RiverNorth Managed Duration Municipal Income Fund II, Inc. is a U.S.-listed closed-end fund trading on the NYSE/NASDAQ and organized as a Maryland corporation and registered investment company under the Investment Company Act of 1940. For French-speaking investors, it should be viewed not as an operating company, but as a specialized listed fixed-income vehicle focused on municipal credit. The fund was organized on June 23, 2021 and later brought to market as part of RiverNorth’s broader municipal income platform, with the aim of combining tax-advantaged income generation and active duration management. Its core mandate is to provide current income that is generally exempt from regular U.S. federal income tax, with total return as a secondary objective. The portfolio is centered on U.S. municipal bonds, invested either directly or indirectly, and it can also allocate to municipal closed-end funds when the manager sees attractive relative-value or discount/premium opportunities. This gives the fund a more flexible toolkit than a plain vanilla municipal bond fund. The strategy is not passive: duration is actively managed versus the Bloomberg US Municipal Index, which means the portfolio can be positioned more defensively or more aggressively depending on the rate environment. The fund belongs to RiverNorth Capital Management’s specialist ecosystem of closed-end fund and opportunistic income strategies. That matters competitively because RiverNorth focuses on structural inefficiencies in listed income vehicles, including closed-end fund discounts, market dislocations and allocation inefficiencies. In practice, this can provide an edge relative to larger but more generic bond managers. The fund’s municipal platform is further supported by MacKay Shields, a recognized fixed-income manager with municipal bond expertise, which adds depth to security selection and credit research. As a closed-end fund, RiverNorth Managed Duration Municipal Income Fund II trades on the exchange and may move at a premium or discount to net asset value. That feature is central to the investment case: investors are not only exposed to municipal bond performance, but also to the market’s changing view of the fund structure itself. The fund may also use leverage, which can enhance distributable income but increases interest-rate sensitivity and downside risk. Geographically, the underlying portfolio is overwhelmingly tied to the United States municipal bond market, while the fund itself is U.S.-based and listed in the United States. Recent publicly available materials indicate that the fund continues to declare monthly distributions and remains positioned as an opportunistic municipal income vehicle. The prospectus also indicates a scheduled termination date of February 16, 2037, subject to possible board-approved extensions. Overall, this is a niche U.S. listed income fund for investors seeking tax-exempt municipal exposure, active duration control, and potential value from closed-end fund discount dynamics.