RiverNorth Managed Duration Municipal Income Fund II, Inc.

RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) is a diversified, closed-end management investment vehicle that seeks to provide current income exempt from regular U.S. federal income taxes, with a secondary objective of total return. The Fund's investment strategy involves allocating its managed assets between two principal approaches: the Tactical Municipal Closed-End Fund Strategy, managed by RiverNorth, and the Municipal Bond Income Strategy, managed by MacKay Shields. The Tactical Municipal Closed-End Fund Strategy aims to generate returns by investing in investment companies primarily focused on municipal securities, seeking to derive value from the discount and premium spreads associated with closed-end funds (CEFs). This strategy typically invests in municipal CEFs and exchange-traded funds (ETFs). The Municipal Bond Income Strategy primarily invests in municipal debt securities of any credit quality, including those rated below investment grade, with targeted sources of alpha including security selection, sector rotation, yield curve positioning, and duration management. The Fund also implements a managed duration strategy, targeting a weighted average effective duration within three years of the Bloomberg US Municipal Index (excluding the effects of leverage). RMMZ began trading on the New York Stock Exchange on February 11, 2022. Sources: [1] https://www.rivernorth.com/investments/rmmz/ [2] https://stockanalysis.com/stocks/rmmz/company/ [3] https://www.fool.com/quote/nyse/rmmz/ [4] https://www.rivernorth.com/wp-content/uploads/RMMZ_fact_sheet.pdf [5] https://www.businesswire.com/news/home/20220301006196/en/RiverNorth-and-MacKay-Municipal-ManagersTM-Launch-the-RiverNorth-Managed-Duration-Municipal-Income-Fund-II-Inc.-RMMZ