IPO - RiverNorth Managed Duration Municipal Income Fund II, Inc.

Form Type: 424B5

Filing Date: 2025-05-21

Corporate Action: Ipo

Type: New

Accession Number: 000139834425009956

Filing Summary: RiverNorth Managed Duration Municipal Income Fund II, Inc. has filed a Prospectus Supplement regarding a public offering of up to 3,000,000 shares of its common stock. The shares will be sold at a price not below the current net asset value (NAV), which was reported as $15.70 per share as of April 28, 2025, with the last sale price on the NYSE at $14.28. Sales may occur via negotiated transactions deemed 'at the market' under Rule 415, and they will not proceed if priced below a minimum due to commission requirements. The fund, which aims to provide current income exempt from federal taxes and pursue total return, operates as a diversified, closed-end management investment company. Under normal conditions, it maintains at least 80% of its assets in municipal bonds and uses leverage responsibly. The distribution agreement with ALPS Distributors, Inc. specifies a compensation rate of 1.00% for gross sales of shares. Investors are cautioned about potential risks associated with investing in the fund's shares, including the possibility of losing part or all of their investment.

Form Type: N-2

Filing Date: 2024-08-08

Corporate Action: Ipo

Type: New

Accession Number: 000139834424014165

Filing Summary: RiverNorth Managed Duration Municipal Income Fund II, Inc. is a diversified, closed-end management investment company that has filed a registration statement under the Securities Act of 1933 and the Investment Company Act of 1940. The primary investment objective of the Fund is to generate current income that is exempt from regular U.S. federal income taxes, with a secondary goal of total return. The Fund intends to invest at least 80% of its Managed Assets in municipal bonds, which are typically exempt from federal income taxes. It has outlined specific investment strategies, including the Tactical Municipal Closed-End Fund Strategy and the Municipal Bond Income Strategy, allocating funds accordingly to take advantage of market discrepancies. The Fund can also conduct a tender offer for shares, further supporting its investment goals. This prospectus details the offering of up to $175 million in common stock and other securities, emphasizing regulatory details and potential risks for investors while establishing the operational framework of the Fund.