RMM (RiverNorth Managed Duration Muni Fd) Effective Interest Rate on Debt %: 3.17% (As of Dec. 2025)


RMM RiverNorth Managed Duration Muni Inc Fd RMM
28 GF Score
Price $14.87
! 3 Warning Signs
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What is RiverNorth Managed Duration Muni Fd Effective Interest Rate on Debt %?

RiverNorth Managed Duration Muni Fd RMM +0.41% 28 Effective Interest Rate on Debt % is 3.17% as of Dec. 2025. GuruFocus rates RMM with a GF Score™ of 28/100. The stock has 3 warning signs investors should review.

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. RiverNorth Managed Duration Muni Fd's annualized positive value of Interest Expense for the quarter that ended in Dec. 2025 was $6.19 Mil. RiverNorth Managed Duration Muni Fd's average total debt for the quarter that ended in Dec. 2025 was $195.61 Mil. Therefore, RiverNorth Managed Duration Muni Fd's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2025 was 3.17%.


RiverNorth Managed Duration Muni Fd  (NYSE:RMM) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


RiverNorth Managed Duration Muni Fd Effective Interest Rate on Debt % Related Terms


RiverNorth Managed Duration Muni Fd Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for RiverNorth Managed Duration Muni Fd's Effective Interest Rate on Debt % 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.

RiverNorth Managed Duration Muni Fd Effective Interest Rate on Debt % Chart

RiverNorth Managed Duration Muni Fd Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 0.75 0.92 3.25 4.07 3.84

RiverNorth Managed Duration Muni Fd Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.35 3.96 3.87 3.53 3.17

RMM vs MMD, ACV, PMO: Effective Interest Rate on Debt % Comparison

For the Asset Management subindustry, RiverNorth Managed Duration Muni Fd's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


RiverNorth Managed Duration Muni Fd Effective Interest Rate on Debt % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, RiverNorth Managed Duration Muni Fd's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where RiverNorth Managed Duration Muni Fd's Effective Interest Rate on Debt % falls into.


RMM
28GF Score
RiverNorth Managed Duration Muni Inc Fd RMM
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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RiverNorth Managed Duration Muni Fd Effective Interest Rate on Debt % Calculation

RiverNorth Managed Duration Muni Fd's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2024 )+Total Debt  (A: Jun. 2025 ))/ count )
=-1  *  -7.471/( (202.105+186.7)/ 2 )
=-1  *  -7.471/194.4025
=3.84 %

where

Total Debt  (A: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=202.105 + 0
=202.105

RiverNorth Managed Duration Muni Fd's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2025 )+Total Debt  (Q: Dec. 2025 ))/ count )
=-1  *  -6.194/( (186.7+204.51)/ 2 )
=-1  *  -6.194/195.605
=3.17 %

where

Total Debt  (Q: Dec. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=204.51 + 0
=204.51

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Dec. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 3.17% mean?
RiverNorth Managed Duration Muni Fd (RMM) has a Effective Interest Rate on Debt % of 3.17% as of Dec. 2025. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on RiverNorth Managed Duration Muni Fd and its competitors.
Is RiverNorth Managed Duration Muni Fd's Effective Interest Rate on Debt % too high?
RiverNorth Managed Duration Muni Fd's current Effective Interest Rate on Debt % is 3.17%. Overall, RiverNorth Managed Duration Muni Fd has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does RiverNorth Managed Duration Muni Fd's Effective Interest Rate on Debt % compare to MMD and ACV?
RiverNorth Managed Duration Muni Fd's Effective Interest Rate on Debt % of 3.17% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for an Asset Management company?
A good Effective Interest Rate on Debt % depends on the Asset Management industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on RiverNorth Managed Duration Muni Fd and its competitors. RiverNorth Managed Duration Muni Fd's current Effective Interest Rate on Debt % is 3.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RiverNorth Managed Duration Muni Fd stock overvalued right now?
RiverNorth Managed Duration Muni Fd (RMM) has a current Effective Interest Rate on Debt % of 3.17%. The current Effective Interest Rate on Debt % is 3.17%. RiverNorth Managed Duration Muni Fd's overall GF Score™ is 28/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For RiverNorth Managed Duration Muni Fd (RMM), the current Effective Interest Rate on Debt % is 3.17% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

RiverNorth Managed Duration Muni Fd Business Description

Address 360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401
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.
28GF Score

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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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