RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ)
The RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) is structured as a diversified, closed-end management investment vehicle. Its primary aim is to produce current income that is not subject to regular U.S. Federal income tax, with a secondary objective of achieving total return. The firm maintains its principal operations in Chicago, Illinois.
Industry: Asset Management - Income
RiverNorth Managed Duration Municipal Income Fund II, Inc.
NYSE:RMMZFinancial Services · Asset Management - Income
-2.44%$13.38
AH Close$13.38+0.00%vs close
AH Close$13.38+0.00%vs close
Mkt Cap$113.17M
Float7.7M
O/S8.46M
Inst Own19.3%
SI0.3%
Div Yield8.08%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$17.14M
Net Income$14.26M
Total Assets$223.38M
Free Cash Flow$12.43M
Debt & Equity
Debt 41%
Equity 59%
Total Debt$90.48M
Total Equity$131.32M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in RMMZ's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$223.38M
Liabilities$92.06M
Accounts Receivable$3.16M
Accounts Payable$935K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 |
| Revenue | $17.14M | -$2.27M | $15.31M | $9.85M |
| YoY Growth | -855.0% | -114.8% | 55.5% | - |
| Cost of Revenue | $2.72M | $3.49M | $3.95M | $2.89M |
| Gross Profit | $14.42M | -$5.76M | $11.36M | $6.96M |
| Gross Margin | 84.1% | 253.6% | 74.2% | 70.7% |
| Research and Development | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $92K | $272K | $125K | $56K |
| Other | $69K | $0 | $0 | $0 |
| Total Operating Expenses | $160K | $272K | $125K | $56K |
| Operating Income (EBIT) | $14.26M | -$6.03M | $11.23M | $6.9M |
| Operating Margin | 83.2% | 265.6% | 73.4% | 70.1% |
| Interest Expense | $2.72M | $3.49M | $3.95M | $2.89M |
| Interest Income | $6.38M | $5.89M | $5.47M | $6.45M |
| Other Income (Expense) | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $14.26M | -$6.03M | $11.23M | $6.9M |
| Income Tax Expense | $0 | $0 | $0 | $0 |
| Net Income | $14.26M | -$6.03M | $11.23M | $6.9M |
| Net Income Margin | 83.2% | 265.6% | 73.4% | 70.1% |
| Supplementary Data | ||||
| EPS | 0.00 | -0.71 | 1.33 | 0.82 |
| Diluted EPS | 0.00 | -0.71 | 1.33 | 0.82 |
| Weighted Average OS | 0 | 8.45M | 8.45M | 8.42M |
| EBITDA | $14.26M | -$6.03M | $11.23M | $6.9M |
| EBITDA Margin | 83.2% | 265.6% | 73.4% | 70.1% |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $0 | $0 | $0 | $6.67M |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $0 | $0 | $0 | $6.67M |
| Accounts Receivable | $3.16M | $2.93M | $2.71M | $23.12M |
| Inventory | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 |
| Total Current Assets | $3.16M | $2.93M | $2.71M | $29.79M |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $236.77M | $239.35M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $220.22M | $2.17M | $2.13M | $236.73M |
| Total Long-Term Assets | $220.22M | $238.95M | $241.48M | $236.73M |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $223.38M | $241.88M | $244.19M | $266.52M |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $935K | $1.5M | $1.27M | $22.72M |
| Short-Term Debt | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | -$293K | -$501K | $0 |
| Total Current Liabilities | $935K | $1.5M | $1.27M | $22.72M |
| Long-Term Liabilities | ||||
| Long-Term Debt | $90.48M | $92.97M | $96.67M | $93.23M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $646K | $293K | $501K | $1.51M |
| Total Long-Term Liabilities | $91.13M | $93.27M | $97.18M | $94.75M |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $92.06M | $94.76M | $98.44M | $117.46M |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $0 | $0 | $0 |
| Common Stock | $146.13M | $152.51M | $160.52M | $167.06M |
| Retained Earnings | -$14.81M | -$5.4M | -$14.77M | -$18M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 |
| Total Equity | $131.32M | $147.11M | $145.75M | $149.06M |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $223.38M | $241.88M | $244.19M | $266.52M |
| Supplementary Data | ||||
| Total Debt | $90.48M | $92.97M | $96.67M | $93.23M |
| Net Debt | $90.48M | $92.97M | $96.67M | $86.56M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 |
| Operating Activities | ||||
| Net Income | $14.26M | -$6.03M | $11.23M | $6.9M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||
| Accounts Receivable | -$26K | $303K | $60K | -$998K |
| Inventory | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 |
| Other Working Capital | -$546K | $166K | -$451K | $59K |
| Total Working Capital Change | -$573K | $469K | -$391K | -$939K |
| Other Non-Cash Items | -$1.26M | $17.73M | $2.57M | -$6.11M |
| Net Cash from Operating | $12.43M | $12.17M | $13.42M | -$145K |
| Investing Activities | ||||
| Capital Expenditures | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 |
| Financing Activities | ||||
| Debt Repaid | $3.04M | $2.5M | $3.69M | -$3.44M |
| Common Stock Issuance | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 |
| Dividends Paid | -$9.34M | -$9.77M | -$9.87M | -$10.21M |
| Other Financing Activities | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$12.38M | -$12.26M | -$13.56M | -$6.77M |
| Forex Effect | $0 | $0 | $0 | $0 |
| Net Change in Cash | $51K | -$88K | -$145K | -$6.92M |
| Supplementary Data | ||||
| Operating Cash Flow | $12.43M | $12.17M | $13.42M | -$145K |
| Capital Expenditure | $0 | $0 | $0 | $0 |
| Free Cash Flow | $12.43M | $12.17M | $13.42M | -$145K |
| Cash at Beginning | $1.87M | $1.96M | $2.1M | $9.02M |
| Cash at End | $1.92M | $1.87M | $1.96M | $2.1M |