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RMM's President Patrick Galley bought $52,560 worth of the company’s stock, increasing his ownership significantly.
Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) President Patrick W. Galley bought 4,000 shares of the company's stock, increasing his ownership by 36.36%.
The shares were purchased at $13.14 each, totaling $52,560.
RMM's stock price fell $0.03 to $13.14 on Thursday.
The fund, managed by RiverNorth Capital Management, primarily invests in municipal debt.
RMM will pay a dividend of $0.0905 on April 30th to investors of record on April 16th.
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El presidente de RMM, Patrick Galley, compró $52.560 de las acciones de la compañía, aumentando significativamente su propiedad.