Company: RFMZ
Filing Date: 2025-05-21
Form Type: 424B5
Source: 0001398344-25-009954
Chunk: 31

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-05-21
Form: 424B5
Chunk 31
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 Paribas (“BNP Credit Agreement”). The BNP                   
 Credit Agreement permits the Fund to borrow funds that are collateralized by assets held at BNP Paribas pursuant to the      
 BNP Credit Agreement. Under the terms of the BNP Credit Agreement, the Fund may borrow up to $15,000,000 bearing an interest 
 rate of the Overnight Bank Funding Rate plus a fixed rate determined by the securities pledged as collateral. Any unused     
 portion of the BNP Credit Agreement is subject to a commitment fee of 0.50% of the unused portion of the facility until      
 a utilization of 80% or greater is met. The Fund did not utilize the BNP Credit Agreement during the fiscal year ended       
 June 30, 2024. As of December 31, 2024, there was $2.7 million outstanding on the BNP Credit Agreement.                      |

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| The                                                                                                                                
 Fund currently anticipates that leverage will be obtained through borrowings from banks or other financial                         
 institutions and the use of proceeds received from tender option bond transactions. See “-Tender Option                            
 Bonds.” To date, the Fund has not issued any Preferred Shares or debt securities.                                                  
 The                                                                                                                                
 provisions of the 1940 Act provide that the Fund may borrow or issue notes or debt securities in an amount up to 33 1/3% of its    
 total assets or may issue Preferred Shares in an amount up to 50% of the Fund’s total assets (including the proceeds from          
 leverage). With respect to the Fund’s anticipated investments in TOB Residuals issued by a tender option bond trust (as            
 further discussed below under “-Tender Option Bonds”), the Fund will treat such investments as derivatives in compliance           
 with Rule 18f-4 under the 1940 Act. See “Risks-Investment-Related Risks-Legislation and Regulatory Risks.”                         
 The                                                                                                                                
 use of leverage by the Fund can magnify the effect of any losses. If the income and gains earned on the securities and investments 
 purchased with leverage proceeds are greater than the cost of the leverage, returns will be greater than if leverage had not       
 been used. Conversely, if the income and gains from the securities and investments purchased with such proceeds do not cover       
 the cost of leverage, returns will be less than if leverage had not been used. Since the holders of common stock pay all expenses  
 related to the issuance of debt or use of leverage, any use