Company: RFMZ
Filing Date: 2025-02-20
Form Type: N-2/A
Source: 0001398344-25-003172
Chunk: 11

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-02-20
Form: N-2/A
Chunk 11
---
 the Fund’s administrator. Under an Administration, Bookkeeping and Pricing Services Agreement               
 (the “Administration Agreement”), AFS is responsible for calculating NAVs, providing additional fund accounting and tax               
 services, and providing fund administration and compliance-related services. State Street Bank and Trust Company serves as the Fund’s 
 custodian. DST Systems, Inc. serves as the Fund’s transfer agent, registrar, Plan Administrator and dividend disbursing agent.        
 See “Administrator, Fund Accountant, Transfer Agent, Dividend Disbursing Agent and Custodian.”                                        |

<div align='center'>13</div>

SUMMARY OF FUND EXPENSES

The information in “Summary of Fund Expenses” is set forth in the Fund’s most recent annual report on Form N-CSRfor the year ended June 30, 2024 in the section entitled “Summary of Fund Expenses”, which is incorporated by reference into this Prospectus, and in any future filings we may file with the SEC that are incorporated by reference into this Prospectus. See “Incorporation by Reference” below for more information.

<div align='center'>FINANCIAL HIGHLIGHTS</div>

The Fund’s “Financial Highlights” and the report of the Fund’s independent registered public accounting firm, Cohen & Company, Ltd. ("Cohen"), thereon, contained in the following document filed by the Fund with the SEC, is hereby incorporated by reference into this Prospectus: the annual report for the year ended June 30, 2024 contained in the Fund’s Form N-CSRfiled with the SEC on September 6, 2024.

SENIOR SECURITIES

The information in "Senior Securities" and the report of the Fund's independent registered public accounting firm, Cohen, thereon, contained in the following document filed by the Fund with the SEC, is hereby incorporated by reference into this Prospectus: the annual report for the year ended June 30, 2024 contained in the Fund's Form N-CSRfiled with the SEC on September 6, 2024.

<div align='center'>14</div>

MARKET AND NET ASSET VALUE INFORMATION

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