Company: RFMZ
Filing Date: 2025-09-05
Form Type: N-CSR
Source: 0001398344-25-017693
Chunk: 84

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-09-05
Form: N-CSR
Chunk 84
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 the end of the quarter. The Fund’s Forms N-PORT
filing are available on the SEC’s website at www.sec.gov. You may also obtain copies by calling the Fund at 1-844-569-4750.

UNAUDITED TAX INFORMATION

For the fiscal year ended June 30, 2025, 89.34%
of the distributions from net investment income for the RiverNorth Flexible Municipal Income Fund II, Inc. were exempt from federal income
tax.

In early 2025, if applicable, shareholders of
record received this information for the distributions paid to them by the Funds during the calendar year 2024 via Form 1099. The Funds
will notify shareholders in early 2026 of amounts paid to them by the Funds, if any, during the calendar year 2025.

Board of Directors

Patrick W. Galley, CFA, Chairman

John K. Carter

J. Wayne Hutchens

David M. Swanson

Jerry R. Raio

Lisa B. Mougin

Investment Adviser

RiverNorth Capital Management, LLC

Sub Adviser

MacKay Shields LLC

Fund Administrator

ALPS Fund Services, Inc.

Transfer Agent and

Dividend Disbursing Agent

DST Systems, Inc.

Custodian

State Street Bank and Trust Company

Independent Registered

Public Accounting Firm

Cohen & Company, Ltd.

RiverNorth Capital Management, LLC

360 South Rosemary Avenue, Suite 1420

West Palm Beach, FL 33401

Secondary market support provided to the Fund by ALPS Fund Services,
Inc.’s affiliate ALPS Distributors, Inc., a FINRA member.

This report is provided for the general information of the shareholders
of the RiverNorth Flexible Municipal Income Fund II, Inc. This report is not intended for distribution to prospective investors in the
Fund, unless preceded or accompanied by an effective prospectus.

| (b) | Not applicable. |

| Item 2. | Code of Ethics. |

| (a) | The RiverNorth Flexible Municipal Income Fund II, Inc. (the “Fund”                                                               
 or the “Registrant”), as of the end of the period covered by the report, has adopted a Code of Ethics that applies to the        
 Registrant’s Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer or Controller or any persons 
 performing similar functions on behalf of the Registrant.                                                                        |

| (b) | Not applicable. |

| (c) | During the period