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In recent transactions filed with the Securities and Exchange Commission, Patrick W. Galley, President of RiverNorth Managed Duration Municipal Income Fund, Inc. (NYSE:RMM), a $260 million market cap fund currently trading near its 52-week low, acquired a total of 4,000 shares of common stock. According to InvestingPro data, the stock has declined nearly 9% in the past week. The purchases, made on April 9, 2025, were executed at prices ranging from $13.1364 to $13.145 per share, amounting to a total investment of $52,562. Following these transactions, Galley's indirect ownership through a trust account increased to 15,000 shares. The timing is notable as InvestingPro analysis indicates the stock is in oversold territory, while offering an attractive 8.26% dividend yield to shareholders.
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