Company: RFMZ
Filing Date: 2025-02-20
Form Type: N-2/A
Source: 0001398344-25-003172
Chunk: 45

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-02-20
Form: N-2/A
Chunk 45
---
 of its board of directors and notwithstanding any contrary provision in the charter or bylaws, to any or all of five provisions:

| ● | a                 
 classified board; |

| ● | a                                                    
 two-thirds vote requirement for removing a director; |

| ● | a                                                                            
 requirement that the number of directors be fixed only by vote of directors; |

| ● | a                                                                                           
 requirement that a vacancy on the board be filled only by the remaining directors and for   
 the remainder of the full term of the class of directors in which the vacancy occurred; and |

| ● | a                                                                          
 majority requirement for the calling of a special meeting of shareholders. |

The Fund has elected to be subject to a requirement that a vacancy on the Board of Directors be filled only by the remaining directors and for the remainder of the full term of the class of directors in which the vacancy occurred. The Fund retains its right to opt into any of the other provisions. The charter of a corporation may contain a provision or the board of directors may adopt a provision that prohibits the corporation from electing to be subject to any or all of the provisions of Subtitle 8.

<div align='center'>37</div>

Maryland Business Combination Act

The provisions of the Maryland Business Combination Act (the “MBCA”) do not apply to a closed-end investment company, such as the Fund, unless the Board of Directors has affirmatively elected to be subject to the MBCA by a resolution. To date, the Fund has not made such an election but may make such an election under Maryland law at any time. Any such election, however, could be subject to certain of the 1940 Act limitations discussed below under “Maryland Control Share Acquisition Act” and would not apply to any person who had become an interested shareholder (as defined below) before the time that the resolution was adopted.

Under the MBCA, “business combinations” between a Maryland corporation and an interested shareholder or an affiliate of an interested shareholder are prohibited for five years after the most recent date on which the interested shareholder becomes an interested shareholder. These business combinations include a merger, consolidation, share exchange, or, in circumstances specified in the MBCA, an asset transfer or issuance or reclassification of equity securities. An interested shareholder is defined as:

| ● | any                                                                                       
 person who beneficially owns ten percent or more of the voting power of the corporation’s 
 shares; or                                                                                |

A person is not an interested shareholder under the MBCA if the board of directors approved in