RiverNorth Funds File DEF 14A Proxy Statements
Ticker: RMM · Form: DEF 14A · Filed: Aug 21, 2024 · CIK: 1771226
| Field | Detail |
|---|---|
| Company | Rivernorth Managed Duration Municipal Income Fund, Inc. (RMM) |
| Form Type | DEF 14A |
| Filed Date | Aug 21, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, annual-meeting, fund-disclosure
TL;DR
RiverNorth funds dropped their proxy statements, shareholders vote soon.
AI Summary
RiverNorth Managed Duration Municipal Income Fund, Inc., RiverNorth Capital & Income Fund, Inc., and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. have filed a DEF 14A. These filings are related to annual meetings and proxy solicitations, with the reporting period ending September 19, 2024. The companies are all located at 360 S. Rosemary Ave, Suite 1420, West Palm Beach, FL 33401.
Why It Matters
These filings are crucial for shareholders as they contain important information regarding annual meetings, voting matters, and the financial health of the RiverNorth funds.
Risk Assessment
Risk Level: low — This filing is a routine DEF 14A, which is a standard disclosure for public companies regarding annual meetings and proxy solicitations.
Key Numbers
- 20240919 — Reporting Period End Date (Indicates the end of the period covered by the filing.)
- 20240821 — Filing Date (The date the document was officially submitted to the SEC.)
Key Players & Entities
- RiverNorth Managed Duration Municipal Income Fund, Inc. (company) — Filer
- RiverNorth Capital & Income Fund, Inc. (company) — Filer
- RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (company) — Filer
- 360 S. ROSEMARY AVE SUITE 1420 WEST PALM BEACH FL 33401 (location) — Business Address
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing is a definitive proxy statement filed with the SEC when a company is soliciting proxies from its shareholders for an annual or special meeting of shareholders.
Which RiverNorth funds are listed in this filing?
The filing lists RiverNorth Managed Duration Municipal Income Fund, Inc., RiverNorth Capital & Income Fund, Inc., and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
What is the business address for these RiverNorth funds?
The business address for these funds is 360 S. Rosemary Ave, Suite 1420, West Palm Beach, FL 33401.
What is the SEC Act under which these filings are made?
These filings are made under the 1934 Act.
When is the reporting period for this filing?
The conformed period of report is 20240919.
Filing Stats: 4,789 words · 19 min read · ~16 pages · Grade level 8.3 · Accepted 2024-08-21 17:18:31
Key Financial Figures
- $0.0001 — ommon shares with a par value of $0.0001 per share. OPP has two classes of stock
Filing Documents
- fp0089570-1_def14a.htm (DEF 14A) — 275KB
- fp0089570-1_001.jpg (GRAPHIC) — 79KB
- fp0089570-1_002.jpg (GRAPHIC) — 75KB
- fp0089570-1_003.jpg (GRAPHIC) — 80KB
- fp0089570-1_004.jpg (GRAPHIC) — 83KB
- fp0089570-1_005.jpg (GRAPHIC) — 78KB
- fp0089570-1_006.jpg (GRAPHIC) — 76KB
- fp0089570-1_007.jpg (GRAPHIC) — 78KB
- fp0089570-1_008.jpg (GRAPHIC) — 83KB
- fp0089570-1_009.jpg (GRAPHIC) — 76KB
- fp0089570-1_010.jpg (GRAPHIC) — 74KB
- fp0089570-1_011.jpg (GRAPHIC) — 78KB
- fp0089570-1_012.jpg (GRAPHIC) — 82KB
- fp0089570-1_013.jpg (GRAPHIC) — 79KB
- fp0089570-1_014.jpg (GRAPHIC) — 83KB
- fp0089570-1_015.jpg (GRAPHIC) — 79KB
- fp0089570-1_016.jpg (GRAPHIC) — 83KB
- fp0089570-1_017.jpg (GRAPHIC) — 79KB
- fp0089570-1_018.jpg (GRAPHIC) — 83KB
- fp0089570-1_019.jpg (GRAPHIC) — 79KB
- fp0089570-1_020.jpg (GRAPHIC) — 83KB
- fp0089570-1_021.jpg (GRAPHIC) — 79KB
- fp0089570-1_022.jpg (GRAPHIC) — 83KB
- 0001398344-24-015110.txt ( ) — 2704KB
From the Filing
DEF 14A 1 fp0089570-1_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement. [ ] Confidential, for use of the Commission Only (as permitted by Rule 14a-6(e)(2)). [X] Definitive Proxy Statement. [ ] Definitive Additional Materials. [ ] Soliciting Material Pursuant to § 240.14a-12. RIVERNORTH/DOUBLELINE STRATEGIC OPPORTUNITY FUND, INC. RiverNorth Capital and Income Fund, Inc. RiverNorth Opportunities Fund, Inc. RiverNorth Opportunistic Municipal Income Fund, Inc. Rivernorth managed duration municipal income fund, inc. Rivernorth managed duration municipal income fund II, inc. Rivernorth Flexible municipal income fund, inc. RiverNorth Flexible Municipal Income FUnd II, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: [ ] Fee paid previously with preliminary materials: [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: RIVERNORTH/DOUBLELINE STRATEGIC OPPORTUNITY FUND, INC. RIVERNORTH Capital and Income Fund, Inc. RiverNorth opportunities Fund, Inc. RIVERNORTH OPPORTUNISTIC MUNICIPAL INCOME FUND, INC. RIVERNORTH MANAGED DURATION MUNICIPAL INCOME FUND, INC. RIVERNORTH MANAGED DURATION MUNICIPAL INCOME FUND II, INC. RIVERNORTH FLEXIBLE MUNICIPAL INCOME FUND, INC. RiverNorth Flexible Municipal Income FUnd II, Inc. 360 South Rosemary Avenue Suite 1420 West Palm Beach, Florida 33401 NOTICE OF Annual MEETING OF stockholders To be held September 19, 2024 RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (“OPP”), RiverNorth Capital and Income Fund, Inc. (“RSF”), RiverNorth Opportunities Fund, Inc. (“RIV”), RiverNorth Opportunistic Municipal Income Fund, Inc. (“RMI”), RiverNorth Managed Duration Municipal Income Fund, Inc. (“RMM”), RiverNorth Managed Duration Municipal Income Fund II, Inc. (“RMMZ”), RiverNorth Flexible Municipal Income Fund, Inc. (“RFM”), RiverNorth Flexible Municipal Income Fund II, Inc. (“RFMZ” and, together with OPP, RSF, RIV, RMI, RMM, RMMZ, and RFM, the “Funds”) each a Maryland corporation, will host a combined Annual Meeting of Stockholders on September 19, 2024 at the offices of RiverNorth Capital Management, LLC, 360 South Rosemary Avenue, Suite 1420, West Palm Beach, Florida 33401, at 10:00 a.m. (Eastern Time) (the “Annual Meeting” or “Meeting”). The Annual Meeting is being held so that stockholders can consider the following proposals: 1. To elect Directors to the Board of Directors (each a “Board”) of each Fund as outlined below: a. For OPP: to elect one (1) Class I Director by all stockholders, voting together; and to elect one (1) Class I Director by Preferred Shares only. b. For RSF : to elect one (1) Class I Director by all stockholders, voting together; and to elect one (1) Class I Director by Preferred Shares only. c. For RIV: to elect one (1) Class I Director by all stockholders, voting together; and to elect one (1) Class I Director by Preferred Shares only. d. For RMI, to elect two (2) Class I Directors. e. For RMM, to elect two (2) Class I Directors. f. For RMMZ, to elect two (2) Class I Directors. g. For RFM, to elect two (2) Class I Directors. h. For RFMZ, to elect two (2) Class I Directors. 2. To transact such other business as may properly come before the Annual Meeting or any adjournments or postponements thereof. THE BOARD of directors of each fund UNANIMOUSLY RECOMMENDS THAT STOCKHOLDERS VOTE FOR THE ELECTION OF THE APPLICABLE NOMINEES. Stockholders of record of each Fund at the close of business on August 16, 2024 are entitl