Company: RFMZ
Filing Date: 2025-03-31
Form Type: N-2/A
Source: 0001398344-25-006257
Chunk: 74

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-03-31
Form: N-2/A
Chunk 74
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 Policies-Principal Investment Strategies” in the Fund’s Prospectus (as defined below). There is no assurance that the Fund will achieve its investment objectives.

This Statement of Additional Information (“SAI”) relates to the Fund’s (i) shares of common stock, $0.0001 par value per share (the “Common Shares” and holders of such Common Shares, “Common Shareholders”), (ii) shares of preferred stock (the “Preferred Shares”), (iii) subscription rights to purchase Common Shares, (iv) subscription rights to purchase Preferred Shares and (v) subscription rights to purchase Common Shares and Preferred Shares (“Rights” and, together with the Common Shares and Preferred Shares, “Securities”). This SAI is not a prospectus, but should be read in conjunction with the Prospectus dated [ ], (the “Prospectus”) and the applicable prospectus supplement. This SAI does not include all of the information that a prospective investor should consider before purchasing Securities. Investors should obtain and read the Prospectus and the applicable prospectus supplement prior to purchasing Securities. A copy of the Prospectus may be obtained without charge by calling the Fund at (844) 569-4750.

The Prospectus and this SAI omit certain of the information contained in the registration statement filed with the Securities and Exchange Commission (“SEC”), Washington, D.C. The Fund’s filings with the SEC are available to the public on the SEC’s website at sec.gov. Copies of these filings may be obtained, after paying a duplicating fee, by electronic request at the following e-mail address: publicinfo@sec.gov. Capitalized terms used but not defined herein have the meanings ascribed to them in the Prospectus.

This Statement of Additional Information is dated [ ].

<div align='center'>TABLE OF CONTENTS</div>

| INVESTMENT                                   
 RESTRICTIONS                                 |   1 |
| INVESTMENT                                   
 POLICIES AND TECHNIQUES                      |   3 |
| MANAGEMENT                                   
 OF THE FUND                                  |  24 |
| Investment                                   
 Adviser                                      |  24 |
| Investment                                   
 Subadviser                                   |  24 |
| Investment                                   
 Advisory Agreement and Subadvisory Agreement |  24 |
| Portfolio                                    
 Managers                                     |  26 |
| Compensation                                 
 of Portfolio Managers                        |  28 |
| Portfolio                                    
 Manager Ownership of Fund Shares             |  29 |
| Conflicts                                    
 of Interest                                  |  29 |
| Other