Company: RFMZ
Filing Date: 2025-03-07
Form Type: N-CSRS
Source: 0001398344-25-005064
Chunk: 38

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-03-07
Form: N-CSRS
Chunk 38
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North Capital Management, LLC

360 South Rosemary Avenue,
Suite 1420

West Palm Beach, FL 33401

Secondary market support provided to the Fund by ALPS Fund
Services, Inc.’s affiliate ALPS Distributors, Inc., a FINRA member.

This report is provided for the general information of the shareholders
of the RiverNorth Flexible Municipal Income Fund II, Inc. This report is not intended for distribution to prospective investors in the
Fund, unless preceded or accompanied by an effective prospectus.

| (b) | Not applicable. |

| Item 2. | Code of Ethics. |

Not applicable to semi-annual report.

| Item 3. | Audit Committee Financial Expert. |

Not applicable to semi-annual report.

| Item 4. | Principal Accountant Fees and Services. |

Not applicable to semi-annual report.

| Item 5. | Audit Committee of Listed Registrants. |

Not applicable to semi-annual report.

| Item 6. | Investments. |

| (a) | Schedule of Investments is included as part of the Report to Stockholders filed under Item 1(a) of this form. |

| (b) | Not applicable to the Registrant. |

| Item 7. | Financial Statements and Financial Highlights for Open-End Management Investment Companies. |

Not applicable to the Registrant.

| Item 8. | Changes in and Disagreements with Accountants for Open-End Management Investment Companies. |

Not applicable to the Registrant.

| Item 9. | Proxy Disclosures for Open-End Management Investment Companies. |

Not applicable to the Registrant.

| Item 10. | Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies. |

Not applicable to the Registrant.

| Item 11. | Statement Regarding Basis for Approval of Investment Advisory Contract. |

The Approval of Investment Advisory Agreement is included as
part of the Report to Stockholders filed under Item 1(a) of this form.

| Item 12. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. |

Not applicable to semi-annual report.

| Item 13. | Portfolio Managers of Closed-End Management Investment Companies. |

| (a) | Not applicable to semi-annual report. |

| (b) | As of the filing date of this report, the following portfolio manager was added to the Fund: |

Jonathan Browne of RiverNorth Capital Management, LLC was named
Portfolio Manager effective