Form 4: RiverNorth Managed Duration Municipal Income Fund Portfolio Manager Reports Transaction
SEC Form 4 Filing
Jonathan Paul Browne, a Portfolio Manager at RiverNorth Managed Duration Municipal Income Fund, reported the purchase and disposal of common stock on April 10, 2025.
Summary
- On April 10, 2025, Jonathan Paul Browne, a Portfolio Manager at RiverNorth Managed Duration Municipal Income Fund, Inc. [RMM], reported a transaction involving the company's common stock.
- Browne acquired 800 shares of common stock at a price of $13.04 per share.
- Browne also disposed of 800 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities.
Stakeholder Impact
- The transaction may be of interest to shareholders as it provides insight into the actions of a key employee.
Key Dates
| Date | Description |
|---|---|
| 04/10/2025 | Date of transaction: purchase and disposal of common stock. |
| 04/11/2025 | Date of signature. |
Keywords
Form 4, RiverNorth Managed Duration Municipal Income Fund, RMM, Jonathan Paul Browne, Portfolio Manager, Common Stock, Beneficial Ownership, SEC, Transaction
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