RMMZ: Hybrid Approach To Municipal Bond Exposure
RMMZ
seekingalpha.comMay 24, 2024
RiverNorth Managed Duration Municipal Income Fund II is a closed-end fund that provides exposure to municipal bonds. RMMZ utilizes a portfolio that includes individual municipal bonds and a fund-of-funds approach, investing in other CEF muni funds. RMMZ offers a potentially attractive discount and can be used tactically as a swap partner with other similar RiverNorth funds.