Company: RFMZ
Filing Date: 2025-05-21
Form Type: 424B5
Source: 0001398344-25-009954
Chunk: 35

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-05-21
Form: 424B5
Chunk 35
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 certain information regarding the Fund’s senior securities as of the end of the Fund’s prior fiscal years since the Fund’s inception and for the six months ended December 31, 2024. Audited information regarding the Fund’s senior securities is incorporated by reference from the Fund’s Form N-CSR. The Fund’s senior securities during this time period are comprised of outstanding indebtedness, which constitutes a “senior security” as defined in the 1940 Act.

Senior Securities Representing Indebtedness

| Period/Fiscal Year Ended 
 December                 
 31, 2024 (unaudited)     
 June                     
 30, 2024                 
 June                     
 30, 2023                 |     | Principal           
 Amount Outstanding1 | 2,700,000 
 –         
 –         |     | Asset                
 Coverage Per $1,0002 | 139,180 
 –       
 –       |
|:-------------------------|:----|:--------------------|:----------|:----|:---------------------|:--------|
| June                     
 30, 2022                 |     | $                   | –         |     | $                    | –       |
| June                     
 30, 20213                |     | $                   | –         |     | $                    | –       |

| (1) | Principal                                                                            
 amount outstanding represents the principal amount owed by the Fund to lenders under 
 credit facility arrangements in place at the time.                                   |

| (2) | The                                                                                      
 asset coverage ratio is calculated by subtracting the Fund’s total liabilities           
 and indebtedness not represented by senior securities from the Fund’s total assets,      
 dividing the result by the aggregate amount of the Fund’s senior securities representing 
 indebtedness then outstanding, and then multiplying by $1,000.                           |

| (3) | For                                                                         
 the period February 24, 2021, commencement of operations, to June 30, 2021. |

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MARKET AND NET ASSET VALUE INFORMATION</div>

The Fund’s Common Shares are listed on the NYSE under the symbol “RFMZ.” The Fund’s common shares commenced trading on the NYSE on February 26, 2021.

The Fund’s Common Shares have traded both at a premium and at a discount in relation to NAV. Shares of closed-end investment companies frequently trade at a discount from NAV. The Fund’s issuance of the Common Shares may have an adverse effect on prices in the secondary market for the Fund’s Common Shares by