Company: RFMZ
Filing Date: 2025-02-20
Form Type: N-2/A
Source: 0001398344-25-003172
Chunk: 12

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-02-20
Form: N-2/A
Chunk 12
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 Fund’s issuance of the Common Shares may have an adverse effect on prices in the secondary market for the Fund’s Common Shares by increasing the number of Common Shares available, which may put downward pressure on the market price for the Fund’s Common Shares.

The Fund may (but is not obligated to) take action to repurchase shares in the open market or make tender offers for its shares at or near NAV. During the pendency of any tender offer, the Fund will publish how Common Shareholders may readily ascertain the NAV. Repurchase of the Common Shares may have the effect of reducing any market discount to NAV. There is no assurance that, if action is undertaken to repurchase or tender for shares, such action will result in the shares trading at a price which approximates their NAV.

The following table sets forth for each of the periods indicated the high and low closing market prices for Common Shares of the Fund on the NYSE, the NAV per share and the premium or discount to NAV per share at which the Fund’s Common Shares were trading. NAV is determined daily as of the close of regular trading on the NYSE (normally 4:00 p.m. Eastern Time).

| Quarter   
 Ended     
 March     
 31, 2021  |   MARKET 
 PRICE(1) 
     High 
   $20.35 |    Low 
 $20.00 |       NET 
     ASSET 
 VALUE (2) 
      High 
    $20.00 |    Low 
 $20.04 | PREMIUM/(DISCOUNT)    
 TO NET ASSET VALUE(3) 
 High                  
 1.75%                 | Low     
 -0.20%  |
|:----------|---------:|-------:|----------:|-------:|:----------------------|:--------|
| June      
 30, 2021  |   $20.79 | $19.94 |    $20.89 | $20.47 | -0.48%                | -2.58%  |
| September 
 30, 2021  |   $21.85 | $20.18 |    $20.52 | $20.39 | 6.48%                 | -1.03%  |
| December  
 31, 2021  |   $20.97 | $19.38 |    $19.98 | $20.15 | 4.93%                 | -3.82%  |
| March     
 31,