RiverNorth Managed Duration Municipal Income Fund II, Inc.

RMMZ: DEF 14A · proxy statement

Eight RiverNorth closed-end funds filed a joint definitive proxy statement for a combined annual meeting on September 22, 2026. The sole substantive proposal is the election of Class III directors David M. Swanson, an Independent Director, and Patrick W. Galley, the Interested Director who chairs each board and serves as CEO and CIO of adviser RiverNorth Capital Management, with each board unanimously recommending votes FOR both nominees. For OPP and RIV, Galley is elected by all stockholders voting together while Swanson is elected by preferred shareholders only; RSF, RMI, RMM, RMMZ, RFM and RFMZ each elect two Class III directors by all stockholders. Stockholders of record on August 19, 2026 vote under a plurality standard. This is a routine, uncontested annual-meeting proxy with no contested nominations or governance-changing proposals. Housekeeping items include the retirement of director J. Wayne Hutchens effective May 12, 2026, and an increase in the independent director annual retainer to $24,500 effective January 1, 2026 from $16,500 previously. Ownership disclosures show Sit Investment Associates holding 11.59% of RIV common shares, Morgan Stanley at 8.70%, and adviser RiverNorth Capital Management holding 47.04% of OPP Series C preferred shares on a record basis.

SEC DEF 14A•2mo ago