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RMMZ (RiverNorth Managed Duration Municipalome Fund II) Scaled Net Operating Assets : 0.99 (As of Jun. 2024)


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What is RiverNorth Managed Duration Municipalome Fund II Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

RiverNorth Managed Duration Municipalome Fund II's operating assets for the quarter that ended in Jun. 2024 was $241.88 Mil. RiverNorth Managed Duration Municipalome Fund II's operating liabilities for the quarter that ended in Jun. 2024 was $1.79 Mil. RiverNorth Managed Duration Municipalome Fund II's Total Assets for the quarter that ended in Dec. 2023 was $241.58 Mil. Therefore, RiverNorth Managed Duration Municipalome Fund II's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.99.

RiverNorth Managed Duration Municipalome Fund II Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

RiverNorth Managed Duration Municipalome Fund II's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2024 )
=(Operating Assets (A: Jun. 2024 )-Operating Liabilities (A: Jun. 2024 ))/Total Assets (A: Jun. 2023 )
=(241.876-1.789)/244.19
=0.98

where

Operating Assets(A: Jun. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=241.876 - 0
=241.876

Operating Liabilities(A: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=94.764 - 92.975 - 0
=1.789

RiverNorth Managed Duration Municipalome Fund II's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2024 )
=(Operating Assets (Q: Jun. 2024 )-Operating Liabilities (Q: Jun. 2024 ))/Total Assets (Q: Dec. 2023 )
=(241.876-1.789)/241.578
=0.99

where

Operating Assets(Q: Jun. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=241.876 - 0
=241.876

Operating Liabilities(Q: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=94.764 - 92.975 - 0
=1.789

* 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.

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RiverNorth Managed Duration Municipalome Fund II Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth Managed Duration Municipal Income Fund II Inc (NYSE:RMMZ) » Definitions » Scaled Net Operating Assets
Comparable Companies
DMF JHS WEA HEQ PFD DCF SPE DMO BTA BANX BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
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 Municipal Income Fund II Inc is a diversified, closed-end management investment company. The Fund's primary investment objective is current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.
Executives
Jerry Raio director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Scott Sprauer other: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
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
Michael Denlinger other: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John S. Oakes director 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Stephen Andrew O'neill other: Portfolio Manager 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Robert Patrick Burke other: Portfolio Manager C/O MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Marcus L Collins other: Secretary and CCO 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Jonathan M. Mohrhardt officer: Treasurer 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
John K Carter director 433 W. VAN BUREN STREET, SUITE 1150-E, CHICAGO IL 60607
David Swanson director 325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654
John Wayne Hutchens director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Rivernorth Capital Management, Llc other: Investment Adviser 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