Company: RFMZ
Filing Date: 2025-03-31
Form Type: N-2/A
Source: 0001398344-25-006257
Chunk: 143

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-03-31
Form: N-2/A
Chunk 143
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 beneficially or of record any class of securities of the investment adviser or principal underwriter of the Fund or any person directly or indirectly controlling, controlled by, or under common control with an investment adviser or principal underwriter of the Fund.

As of the date of this SAI, the directors and officers of the Fund owned, as a group, less than 1% of the outstanding Common Shares of the Fund.

<div align='center'>42</div>

Securities Beneficially Owned

To
the knowledge of the Fund, as of February 28, 2024, no single shareholder or “group” (as that term is used in Section
13(d) of the Exchange Act, as amended) beneficially owned more than 5% of any class of the Fund’s outstanding shares, except
as described in the following table. A control person is one who owns, either directly or indirectly, more than 25% of the voting
securities of the Fund or acknowledges the existence of control.

| Name                              
 And Address Of Beneficial Owner   | Shares       
 Of A Class   
 Beneficially 
 Owned        | %                             
 Outstanding Shares of a Class 
 Beneficially                  
 Owned                         | Type      
 of        
 Ownership |
| RiverNorth                        
 Capital Management, LLC           
 360                               
 South Rosemary Avenue, Suite 1420 
 West                              
 Palm Beach, FL 33401              | 2,380,174    
 Common       | 9.77%                         | Record    |

<div align='center'>PROXY VOTING GUIDELINES</div>

The Board of Directors of the Fund has delegated responsibilities for decisions regarding proxy voting for securities held by the Fund to the Adviser or Subadviser. The Adviser or Subadviser will vote such proxies in accordance with its proxy policies and procedures. In some instances, the Adviser or Subadviser may be asked to cast a proxy vote that presents a conflict between the interests of the Fund’s shareholders, and those of the Adviser or Subadviser or an affiliated person of the Adviser or Subadviser. In such a case, the Adviser or Subadviser will abstain from making a voting decision and will forward all necessary proxy voting materials to the Fund to enable the Board of Directors to make a voting decision. The Adviser or Subadviser shall make a written recommendation of the voting decision to the Board of Directors, which shall include: (i) an explanation of why it has a conflict of