Company: RFMZ
Filing Date: 2025-03-07
Form Type: N-CSRS
Source: 0001398344-25-005064
Chunk: 31

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-03-07
Form: N-CSRS
Chunk 31
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 to consider the proposals set forth below. The following votes were recorded:

Election of John K. Carter as a Director
of the Fund to a three-year term to expire at the Fund's 2027 Annual Meeting of Stockholders or until his successor is duly elected and
qualified.

|          |     | Shares Voted |     | % of Shares Voted |   |
| For      |     |   18,892,818 |     |             94.93 | % |
| Withheld |     |    1,009,173 |     |              5.07 | % |
| Total    |     |   19,901,991 |     |            100.00 | % |

Election of Lisa B. Mougin as a Director of the Fund to a three-year
term to expire at the Fund's 2027 Annual Meeting of Stockholders or until her successor is duly elected and qualified.

|          |     | Shares Voted |     | % of Shares Voted |   |
| For      |     |   18,902,147 |     |             94.98 | % |
| Withheld |     |      999,844 |     |              5.02 | % |
| Total    |     |   19,901,991 |     |            100.00 | % |

| 38 | (888) 848-7569 | www.rivernorth.com |

RiverNorth Flexible Municipal Income Fund II, Inc.

Consideration of the Advisory Agreement

At a meeting (the “Meeting”) of the
Board of Directors (the “Board” or the “Directors”) of the RiverNorth Flexible Municipal Income Fund II, Inc.
(the “Fund”) held on November 12-13, 2024 and called expressly for that purpose, the Board, including a majority of the Directors
who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) (the “Independent Directors”),
considered the renewal of the advisory agreement between RiverNorth Capital Management, LLC (the “Adviser”) and the Fund (the
“Advisory Agreement”). In its consideration of the Advisory Agreement, the Board considered information and materials furnished
by the Adviser in advance of and at the Meeting and was afforded the opportunity to request additional information and to ask questions
of the Adviser to obtain information that it believed to be reasonably necessary to evaluate the terms of