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.