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Rivernorth funds declare monthly dividends, offering investors yields of about 7.8% and 7.77% respectively.
Rivernorth Managed Duration Municipal Income Fund (RMM) has declared a monthly dividend of $0.09 per share, payable on June 30th to shareholders of record on June 13th.
This equates to an annualized dividend of $1.09 with a yield of 7.82%.
The fund focuses on investment-grade municipal debt securities.
RiverNorth Opportunistic Municipal Income Fund (RMI) also announced a $0.0945 monthly dividend, with similar payment dates and an annualized yield of $1.13, or 7.77%.
Both funds have been adjusting their dividends annually.
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Los fondos de Rivernorth declaran dividendos mensuales, ofreciendo a los inversores rendimientos de aproximadamente el 7,8% y el 7,77% respectivamente.