Company: RFMZ
Filing Date: 2025-02-20
Form Type: CORRESP
Source: 0001398344-25-003163
Chunk: 0

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-02-20
Form: CORRESP
Chunk 0
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<div align='center'>Faegre Drinker Biddle & Reath LLP

320 South Canal Street, Suite 3300

Chicago, IL 60606

(312) 569-1000 (Phone)

(312) 569-3000 (Facsimile)

www.faegredrinker.com

February 20, 2025</div>

VIA EDGAR TRANSMISSION

U.S. Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

Attention: Lauren Hamilton and Raymond Be

Re: RiverNorth Flexible Municipal Income Fund II, Inc. (the “Fund” or the “Registrant”) (File Nos. 333-281396; 811-23586); Response to Examiner Comments on N-2

Dear Ms. Hamilton and Mr. Be:

This letter responds to the staff’s comments that you provided via on December 9, 2024 and November 19, 2024, in connection with your review of the Fund’s above-referenced registration statement (“Registration Statement”) on Form N-2. The changes to the Fund’s disclosure discussed below will be reflected in Pre-Effective Amendment No. 2 to the Fund’s Registration Statement (the “Revised Registration Statement”).

For your convenience, we have repeated each comment below in bold, and our responses follow your comments. Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Registration Statement, unless otherwise indicated.

ACCOUNTING Comments

| 1. | The                                                                                       
 “Use of Leverage” section of the Prospectus states the following: “With                   
 respect to the Fund’s anticipated investments in TOB Residuals issued by a tender         
 option bond trust (as further discussed below under “-Tender Option Bonds”),              
 the Fund will treat such instruments as derivatives in compliance with Rule 18f-4 under   
 the 1940 Act.” Please explain why the Fund includes asset coverage ratios in the          
 Financial Highlights consistent with the treatment of TOB residuals as senior securities. |

The Fund confirms that the TOB transactions are treated as derivatives in compliance with Rule 18f-4 under the 1940 Act. The Fund notes that the asset coverage ratios with respect to floating rate obligations in the Fund’s Financial Highlights were inadvertently included in the Fund’s annual report and will be removed in future shareholder reports.

<div align='center'>1</div>

DISCLOSURE Comments

The requested change will be