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. The Fund invests, directly or indirectly, at least 80% of its Managed Assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular Unite
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