RiverNorth Managed Duration Muni Fd (RiverNorth Managed Duration Muni Fd) Retained Earnings : $-35.27 Mil (As of Dec. 2023)

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What is RiverNorth Managed Duration Muni Fd Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. RiverNorth Managed Duration Muni Fd's retained earnings for the quarter that ended in Dec. 2023 was $-35.27 Mil.

RiverNorth Managed Duration Muni Fd's quarterly retained earnings increased from Dec. 2022 ($-50.97 Mil) to Jun. 2023 ($-35.92 Mil) and increased from Jun. 2023 ($-35.92 Mil) to Dec. 2023 ($-35.27 Mil).

RiverNorth Managed Duration Muni Fd's annual retained earnings declined from Jun. 2021 ($35.95 Mil) to Jun. 2022 ($-47.95 Mil) but then increased from Jun. 2022 ($-47.95 Mil) to Jun. 2023 ($-35.92 Mil).

RiverNorth Managed Duration Muni Fd Retained Earnings Historical Data

The historical data trend for RiverNorth Managed Duration Muni Fd's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RiverNorth Managed Duration Muni Fd Retained Earnings Chart

RiverNorth Managed Duration Muni Fd Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Retained Earnings

-23.94

35.95

-47.95

-35.92

RiverNorth Managed Duration Muni Fd Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial			29.05	-47.95	-50.97	-35.92	-35.27

RiverNorth Managed Duration Muni Fd Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

RiverNorth Managed Duration Muni Fd (NYSE:RMM) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

RiverNorth Managed Duration Muni Fd (RiverNorth Managed Duration Muni Fd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth Managed Duration Muni Inc Fd (NYSE:RMM) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401

Website

https://www.rivernorth.com

RiverNorth Managed Duration Muni Inc Fd is a United States based diversified, closed-end management investment company. Its primary investment objective is current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.

Executives

Lisa Bruckert Mougin	director	C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Patrick W. Galley	director, officer: President	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
John Wayne Hutchens	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
John J Lawlor	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Robert A Dimella	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Stephen Andrew O'neill	director, other: Portfolio Manager	360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Brian H Schmucker	other: Officer of Investment Adviser	325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
David Dowden	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NJ 10105
Michael Petty	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Scott Sprauer	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Mackay Shields Llc	other: Sub-Adviser	1345 AVENUE OF THE AMERICAS, 42ND FLOOR, NEW YORK NY 10105
John M Loffredo	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Robert Patrick Burke	other: Portfolio Manager	C/O MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John S. Oakes	director	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
David Swanson	director	325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654

RiverNorth Managed Duration Muni Fd (RiverNorth Managed Duration Muni Fd) Headlines

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