RMMZ.NYSERivernorth Managed Duration Municipal Income Fund Ii, INC

Form 4: RMMZ Portfolio Manager Sells Shares Under 10b5-1 Plan

Sentiment:

Insider Transaction Report

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Robert A. DiMella, a Portfolio Manager for RiverNorth Managed Duration Municipal Income Fund II, Inc., sold 10,060 shares of common stock for approximately $14.978 per share under a pre-arranged plan.

Summary

  • Robert A. DiMella, a Portfolio Manager for RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ), reported a sale of common stock.
  • On November 20, 2025, DiMella sold 10,060 shares of RMMZ common stock.
  • The shares were sold at an average price of $14.978 per share, with transactions ranging from $14.9501 to $15.0700.
  • This transaction was executed pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
  • Following the transaction, DiMella directly beneficially owns 0.0923 shares of RMMZ common stock.

Sentiment

Score: 5

Explanation: A neutral score. While an insider sale can be perceived negatively, the disclosure that it was executed under a pre-arranged 10b5-1 plan mitigates concerns that it's based on new, negative information. It's a routine compliance filing.

Negatives

  • Robert A. DiMella, a Portfolio Manager, reduced his direct beneficial ownership in the company by selling 10,060 shares.

Future Outlook

NA

Industry Context

This transaction is a routine disclosure of an insider stock sale, common in the financial industry for portfolio managers managing funds. It does not inherently indicate broader industry trends without further context of similar activities across the municipal income fund sector.

Stakeholder Impact

  • Shareholders might interpret the sale by a portfolio manager as a slight negative signal, though the 10b5-1 plan mitigates this. The direct impact on employees, customers, suppliers, or creditors is minimal from this specific transaction.

Key Dates

DateDescription
11/20/2025Date of transaction where 10,060 shares of common stock were sold.
11/24/2025Date the Form 4 was signed by the attorney-in-fact for Robert A. DiMella.

Recommendation

hold

The filing reports a pre-scheduled insider sale by a portfolio manager under a 10b5-1 plan. This is a routine compliance disclosure and does not typically signal a change in the company's fundamentals or a strong directional view on the stock. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

RMMZ, RiverNorth Managed Duration Municipal Income Fund II, Robert A. DiMella, Form 4, Insider Sale, Portfolio Manager, Common Stock, 10b5-1 Plan

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