Company: RFMZ
Filing Date: 2025-05-21
Form Type: 424B5
Source: 0001398344-25-009954
Chunk: 30

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-05-21
Form: 424B5
Chunk 30
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 in the Fund’s net assets totaling less than the Termination            
 Threshold, the Eligible Tender Offer will be terminated and no Common Shares will be repurchased pursuant to the Eligible Tender  
 Offer. Instead, the Fund will begin (or continue) liquidating its portfolio and proceed to terminate on or before the Termination 
 Date. The Adviser will pay all costs and expenses associated with the making of an Eligible Tender Offer, other than brokerage    
 and related transaction costs associated with the disposition of portfolio investments in connection with the Eligible Tender     
 Offer, which will be borne by the Fund and its Shareholders. An Eligible Tender Offer would be made, and Shareholders would be    
 notified thereof, in accordance with the requirements of the 1940 Act, the Securities Exchange Act of 1934 (the “Exchange         
 Act”) and the applicable tender offer rules thereunder (including Rule 13e-4 and Regulation 14E under the Exchange Act).          
 If                                                                                                                                
 the number of properly tendered Common Shares would result in the Fund’s net assets equaling or totaling greater than the         
 Termination Threshold, all Common Shares properly tendered and not withdrawn will be purchased by the Fund pursuant to the terms  
 of the Eligible Tender Offer. The Fund’s purchase of tendered Common Shares pursuant to a tender offer will have tax consequences 
 for tendering Common Shareholders and may have tax consequences for non-tendering Common Shareholders. In addition, the Fund      
 would continue to be subject to its obligations with respect to its issued and outstanding preferred stock or debt securities,    
 if any.                                                                                                                           
 All                                                                                                                               
 Common Shareholders remaining after a tender offer will be subject to proportionately higher expenses due to the reduction in     
 the Fund’s total assets resulting from payment for the tendered Common Shares. A reduction in net assets, and the corresponding   
 increase in the Fund’s expense ratio, could result in lower returns and put the Fund at a disadvantage relative to its            
 peers and potentially cause the Fund to trade at a wider discount to NAV than it otherwise would. Such reduction in the Fund’s    
 total assets may also result in less investment flexibility, reduced diversification and greater volatility for the Fund, and     
 may have an adverse effect on the Fund’s investment performance. Moreover, the resulting reduction in the number of outstanding   
 Common Shares could cause the Common Shares to become thinly traded or otherwise adversely impact the secondary market trading    
 of such shares. See “Risks-Structural Risks-Limited Term and Eligible