RiverNorth Managed Duration Municipal Income Fund II (the Fund) is a closed-end management investment company. The Fund's primary investment objective is income exempt from regular United States federal income taxes. The Fund's secondary investment objective is total return. We show 1 historical shares outstanding datapoints in our coverage of RMMZ's shares outstanding history.
Understanding the changing numbers of RMMZ shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like RMMZ versus peers —
is critical for investors. Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching RMMZ by allowing them to research RMMZ shares outstanding history
as well as any other stock in our coverage universe. |
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Video: Shares Outstanding Importance
