Company: RFMZ
Filing Date: 2025-02-20
Form Type: N-2/A
Source: 0001398344-25-003172
Chunk: 8

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-02-20
Form: N-2/A
Chunk 8
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 by reference in this Prospectus and any related prospectus supplement. The Fund has not authorized any other person to provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it. The Fund is not making an offer to sell these securities in any jurisdiction where the offer or sale is not permitted. You should not assume that the information provided by this Prospectus and any related prospectus supplement is accurate as of any date other than the respective dates on the front covers. The Fund’s business, financial condition and results of operations may have changed since that date.

<div align='center'>PROSPECTUS SUMMARY</div>

This is only a summary of information contained elsewhere in this Prospectus. This summary does not contain all of the information that you should consider before investing in the Fund’s securities offered by this Prospectus. You should review the more detailed information contained in this Prospectus, any related prospectus supplement and the Statement of Additional Information (“SAI”), including the documents incorporated by reference. In particular, you should carefully read the section entitled “Risks” in this Prospectus.

| The Fund |     | RiverNorth                                                                                                                   
 Flexible Municipal Income Fund II, Inc. (the “Fund”) is a Maryland corporation registered as a                               
 diversified, closed-end management investment company under the Investment Company Act of 1940, as amended                   
 (the “1940 Act”). The Fund will have a limited term unless otherwise determined by the Fund’s                                
 Board of Directors (“Board of Directors”). See “Limited Term” and “Risks-Structural                                          
 Risks-Limited Term and Eligible Tender Offer Risk.”                                                                          
 The                                                                                                                          
 Fund commenced operations and completed its initial public offering of common stock in February 2021, raising approximately  
 $440 million in equity after payment of offering expenses. The NAV of the Fund’s common stock on December 31, 2024           
 was $15.32 per share, and the last sale price of the Fund's common stock on the NYSE on such date was $13.40. The shares     
 of the Fund’s common stock offered by this Prospectus are called “Common Shares” and the holders of                          
 Common Shares are called “Common Shareholders.” As used hereinafter in this Prospectus, unless the context                   
 requires otherwise, “common shares” refer to the shares of the Fund’s common stock currently outstanding                     
 as well as those Common Shares offered by this Prospectus and the holders of common shares are called “common shareholders