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RiverNorth Managed Duration Municipal Income Fund, Inc. Announces the Approval of a 5.50% Level Distribution Policy and the Declaration of Monthly Distributions of $0.0917 Per Share

CHICAGO--(BUSINESS WIRE)--RiverNorth Managed Duration Municipal Income Fund, Inc. (the “Fund”) (NYSE: RMM) announced that its Board of Directors (the “Board”) has approved a 5.50% level distribution policy effective September 1, 2019. Accordingly, the Fund is declaring monthly distributions for September, October, November and December 2019.