Company: RFMZ
Filing Date: 2025-09-05
Form Type: N-CSR
Source: 0001398344-25-017693
Chunk: 83

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-09-05
Form: N-CSR
Chunk 83
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 Fund, Inc., RiverNorth Flexible Municipal Income Fund, Inc., RiverNorth Flexible Municipal Income Fund II, Inc., RiverNorth Managed Duration 
 Municipal Income Fund, Inc., RiverNorth Managed Duration Municipal Income Fund II, Inc. and RiverNorth Capital and Income Fund, Inc. For     
 Ms. Mougin, the Fund Complex consists of the RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.,    
 RiverNorth Opportunistic Municipal Income Fund, Inc., RiverNorth Flexible Municipal Income Fund, Inc., RiverNorth Flexible Municipal Income  
 Fund II, Inc., RiverNorth Managed Duration Municipal Income Fund, Inc., RiverNorth Managed Duration Municipal Income Fund II, Inc. and       
 RiverNorth Capital and Income Fund, Inc.                                                                                                     |

| 3. | Patrick W. Galley is considered an “Interested” Director as defined in the 1940 Act, because he is an officer of the 
 Fund and Chief Executive Officer and Chief Investment Officer of the Adviser.                                        |

| 4. | Jerry Raio is considered an “Interested” Director as defined in the 1940 Act, because of                                               
 his current position as an advisory board member of FLX Distribution, which the Adviser is an investor in and Mr. Galley is a Director 
 of.                                                                                                                                    |

The Statement of Additional Information includes additional information about the Fund’s Directors and is available, without charge, upon request by calling (toll-free) 1-888-848-7569.

| 74 | (888) 848-7569 | www.rivernorth.com |

RiverNorth Flexible Municipal Income Fund II, Inc.

PROXY VOTING GUIDELINES

A description of the policies and procedures that
the Fund used to determine how to vote proxies relating to portfolio securities and information regarding how the Fund voted proxies during
the most recent 12-month period ended June 30 is available without charge upon request by (1) calling the Fund at (844) 569-4750 and (2)
from Form N-PX filed by the Fund with the SEC on the SEC’s website at www.sec.gov.

PORTFOLIO HOLDINGS DISCLOSURE POLICY

The Fund files a complete schedule of investments
with the SEC for the first and third quarter of the fiscal year on Part F of Form N-PORT. The Fund’s first and third fiscal quarters
end on September 30 and March 31. The Form N-PORT must be filed within 60 days of