Company: RFMZ
Filing Date: 2025-02-20
Form Type: N-2/A
Source: 0001398344-25-003172
Chunk: 13

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-02-20
Form: N-2/A
Chunk 13
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 |   $14.58 | $13.32 |    $15.81 | $15.23 | -7.78%                | -12.54% |

| (1) | Based                                                            
 on high and low closing market price for the respective quarter. |

| (2) | Based                                                                                      
 on the NAV calculated on the day of the high and low closing market prices, as applicable, 
 as of the close of regular trading on the NYSE (normally 4:00 p.m. Eastern Time).          |

| (3) | Calculated                          
 based on the information presented. |

The last reported sale price, NAV per share and percentage discount to NAV per share of the Common Shares as of December 31, 2024 were $13.40, $15.32 and -12.53%, respectively. As of that same date, the Fund had 24,351,756 Common Shares outstanding and net assets of the Fund were $373,087,005.

In recognition of the possibility that Common Shares might trade at a discount to NAV, the Board of Directors may consider one or more actions that might be taken to seek to reduce or eliminate any material discount from NAV in respect of Common Shares, which may include the repurchase of such shares in the open market or in private transactions, the making of a tender offer for such shares or the conversion of the Fund to an open-end investment company. The Board of Directors may decide not to take any of these actions in the future. In addition, there can be no assurance any of these actions, or others, if undertaken, will reduce market discount.

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THE FUND</div>

RiverNorth Flexible Municipal Income Fund II, Inc. (the “Fund”) is a diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The Fund was organized as a Maryland corporation on June 11, 2020. The Fund will have an approximate 15-year limited term unless otherwise determined by the Board of Directors. On February 24, 2021, 22,000,000 shares of common stock were issued in connection with the Fund’s initial public offering. An additional 1,250,000 shares of common stock were issued on March 18, 2021 and an additional 1,096,756 shares of common stock were issued on April 13, 2021 in connection with the underwriter’s over-allot