Company: RFMZ
Filing Date: 2025-05-21
Form Type: 424B5
Source: 0001398344-25-009954
Chunk: 33

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-05-21
Form: 424B5
Chunk 33
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us, the Fund has not issued any Preferred Shares. The applicable prospectus supplement will set forth        
 the expense related to any Preferred Shares issued in the future.                                                                           |
| (7) | The “Acquired fund fees and expenses” disclosed above are based on the expense ratios for the most recent fiscal year                       
 of the Underlying Funds in which the Fund has invested, which may change substantially over time and, therefore, significantly affect       
 “Acquired fund fees and expenses.” These amounts are based on the total expense ratio disclosed in each Underlying Fund’s                   
 most recent shareholder report. “Acquired fund fees and expenses” are not charged directly to the Fund, but rather reflect                  
 the estimated pro rata portion of the Underlying Funds’ fees attributable to the Fund’s investments in shares of the Underlying             
 Funds. The 2.05% shown as “Acquired fund fees and expenses” reflects estimated operating expenses of the Underlying Funds                   
 and transaction-related fees. Certain Underlying Funds in which the Fund intends to invest generally charge a management fee of 1.00%       
 to 2.00%, which are included in “Acquired fund fees and expenses,” as applicable. Acquired fund fees and expenses are borne                 
 indirectly by the Fund, but they are not reflected in the Fund’s financial statements; and the information presented in the table           
 will differ from that presented in the Fund’s financial highlights.                                                                         |

The purpose of the table above and the example below is to help you understand the fees and expenses that you, as a Common Shareholder, would bear directly or indirectly. The expenses shown in the table under “Other Expenses” and “Total Annual Expenses” assume that the Fund has not issued any additional Common Shares.

Example (8)

The example illustrates the expenses you would pay on a $1,000 investment in Common Shares, assuming (1) “Total annual expenses” of6.82 % of net assets attributable to Common Shares, and (2) a 5% annual return.

|                   |    1 
 year |     3 
 years |     5 
 years |    10 
 years |
| Total             
 Expenses Incurred |  $68 |  $199 |  $326 |  $623 |

| (8) | The example does not include sales load or estimated offering costs. The example should not be considered a representation of future       
 expenses. The example assumes that the estimated “Other expenses” set forth in the table are accurate and that all dividends               
 and distributions