RiverNorth Managed Duration Muni Fd (RiverNorth Managed Duration Muni Fd) Accounts Payable & Accrued Expense : $3.66 Mil (As of Dec. 2023)

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What is RiverNorth Managed Duration Muni Fd Accounts Payable & Accrued Expense?

RiverNorth Managed Duration Muni Fd's quarterly accounts payable & accrued expense declined from Dec. 2022 ($5.95 Mil) to Jun. 2023 ($5.27 Mil) and declined from Jun. 2023 ($5.27 Mil) to Dec. 2023 ($3.66 Mil).

RiverNorth Managed Duration Muni Fd's annual accounts payable & accrued expense increased from Jun. 2021 ($15.67 Mil) to Jun. 2022 ($17.93 Mil) but then declined from Jun. 2022 ($17.93 Mil) to Jun. 2023 ($5.27 Mil).

RiverNorth Managed Duration Muni Fd Accounts Payable & Accrued Expense Historical Data

The historical data trend for RiverNorth Managed Duration Muni Fd's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RiverNorth Managed Duration Muni Fd Accounts Payable & Accrued Expense Chart

RiverNorth Managed Duration Muni Fd Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

1.41

15.67

17.93

5.27

RiverNorth Managed Duration Muni Fd Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial			1.70	17.93	5.95	5.27	3.66

RiverNorth Managed Duration Muni Fd Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

RiverNorth Managed Duration Muni Fd (RiverNorth Managed Duration Muni Fd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth Managed Duration Muni Inc Fd (NYSE:RMM) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401

Website

https://www.rivernorth.com

RiverNorth Managed Duration Muni Inc Fd is a United States based diversified, closed-end management investment company. Its primary investment objective is current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.

Executives

Lisa Bruckert Mougin	director	C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Patrick W. Galley	director, officer: President	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
John Wayne Hutchens	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
John J Lawlor	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Robert A Dimella	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Stephen Andrew O'neill	director, other: Portfolio Manager	360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Brian H Schmucker	other: Officer of Investment Adviser	325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
David Dowden	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NJ 10105
Michael Petty	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Scott Sprauer	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Mackay Shields Llc	other: Sub-Adviser	1345 AVENUE OF THE AMERICAS, 42ND FLOOR, NEW YORK NY 10105
John M Loffredo	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Robert Patrick Burke	other: Portfolio Manager	C/O MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John S. Oakes	director	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
David Swanson	director	325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654

RiverNorth Managed Duration Muni Fd (RiverNorth Managed Duration Muni Fd) Headlines

From GuruFocus

RiverNorth Managed Duration Municipal Income Fund, Inc. Declares Monthly Distributions of $0.0917 Per Share

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