IPO - RiverNorth Flexible Municipal Income Fund II, Inc.

Form Type: 424B5

Filing Date: 2025-05-21

Corporate Action: Ipo

Type: New

Accession Number: 000139834425009954

Filing Summary: RiverNorth Flexible Municipal Income Fund II, Inc., a diversified, closed-end management investment company, has filed a Prospectus Supplement dated May 20, 2025, which allows for the offering of up to 4,000,000 shares of its Common Stock. The Fund's primary investment objective is to provide current income exempt from U.S. federal income taxes, while the secondary objective focuses on total return. The Fund may not sell shares below the current net asset value (NAV). The shares are listed on the NYSE under the ticker symbol RFMZ. As of April 28, 2025, the last reported sale price was $12.61 per share, while the NAV was reported at $14.12. Sales may be conducted through negotiated transactions or 'at the market' transactions. The Fund has implemented a Level Distribution Policy for monthly distributions to shareholders, aimed at maintaining a stable distribution rate based on the average NAV. Risks associated with the investment and additional information can be found in the accompanying Prospectus, which is crucial for potential investors to read.