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RiverNorth Flexible Municipal Income Fund II

(NYSE) RFMZ

Current Price$13.52
Market Cap$328.75MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)-0%
5 Year-7%
1 Year+16%
1 Month+1%
RiverNorth Flexible Municipal Income Fund II last closing stock price
MetricPriceDate
Last closeUSD 13.502026-07-17
RiverNorth Flexible Municipal Income Fund II stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.22%USD 13.532026-07-10
1 month+1.27%USD 13.332026-06-17
3 month+5.32%USD 12.822026-04-17
Year to date+11.28%USD 12.132025-12-31
1 year+15.84%USD 11.652025-07-17
3 year+19.93%USD 11.262023-07-18
5 year-7.21%USD 14.552021-07-16
Since inception-0.46%USD 13.562021-02-24

RiverNorth Flexible Municipal Income Fund II Financials at a Glance

Market Cap

$328.75MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

N/A

Net Income (TTM)

N/A

EPS (TTM)

$0.07

P/E Ratio

206.42

Dividend

$0.99

Beta (Volatility)

0.26 (Low)

Price

$13.52

Volume

24,377.237

Open

$13.56

Previous Close

$13.50

Daily Range

$13.50 - $13.59

52-Week Range

$12.30 - $13.70

Estimated Earnings Date

N/A

RFMZ News

No articles available.

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About RiverNorth Flexible Municipal Income Fund II

RiverNorth Flexible Municipal Income Fund II, Inc. is a managed, closed-end investment vehicle focused on generating current income free from standard U.S. federal income taxes. The company also aims to achieve overall total return for its investors. Established in June 2020 and headquartered in West Palm Beach, Florida, the fund operates within the asset management industry.

Products and Services
  • Investment in municipal securities for tax-free income
  • Active management strategy to optimize returns
  • Focus on both current income and capital appreciation
Growth Outlook
  • Recent quarterly total assets reached approximately $593.6 million
  • Long-term investments have shown consistent growth, exceeding $610 million
  • Strong cash and short-term investments position for future opportunities
Financial Highlights
  • Trailing twelve month dividend yield stands at 7.40%
  • Market capitalization is approximately $328.3 million
  • Recent stock price range between $12.30 and $13.57
RiverNorth Flexible Municipal Income Fund II, Inc. offers a unique investment opportunity for those seeking tax-free income through municipal securities. The fund's active management approach aims to enhance returns while maintaining a focus on capital appreciation. With a solid financial foundation, including a significant market capitalization and a competitive dividend yield, the company is well-positioned for future growth. The recent performance metrics indicate a stable asset base and a commitment to delivering value to investors.
AI Generated • Jun 27, 2026

Industry

Capital Markets

Sector

Financials

Headquarters

Chicago, IL 60654, US

RFMZ Financials

Key Financial Metrics (TTM)

Gross Margin

270.75%

Operating Margin

275.28%

Net Income Margin

275.28%

Return on Equity

-3.94%

Return on Capital

-2.44%

Return on Assets

-2.42%

Earnings Yield

0.48%

Dividend Yield

7.35%

Payout Ratio

-1.77%

Stock Overview

Market Cap

$328.75MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

24.35M

Volume

24.38K

Avg. Volume

53.10K

Financials (TTM)

Gross Profit

$45.80K

Operating Income

$25.41M

EBITDA

$25.41M

Operating Cash Flow

$4.82M

Capital Expenditure

$0.00

Free Cash Flow

$4.82M

Cash & ST Invst.

$833.00

Total Debt

$237.93M

RiverNorth Flexible Municipal Income Fund II Performance Analysis

RiverNorth Flexible Municipal Income Fund II annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-06-30USD 552,662N/A
20232023-06-30USD -10,157,764N/A
20242024-06-30USD 23,898,931N/A
20252025-06-30USD 28,990,60221.3%
RiverNorth Flexible Municipal Income Fund II sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-06-30N/A
Q22024-12-31N/A
Q42025-06-30N/A
Q22025-12-31N/A
RiverNorth Flexible Municipal Income Fund II annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-06-30USD -3.84N/A
20232023-06-30USD 0.64N/A
20242024-06-30USD 1.31103.6%
20252025-06-30USD -0.58N/A
RiverNorth Flexible Municipal Income Fund II sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-06-30N/A
Q22024-12-31N/A
Q42025-06-30N/A
Q22025-12-31N/A

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2025YOY CHG

Revenue

$4.15M

N/A

Gross Profit

$45.80K

N/A

Gross Margin

1.10%

N/A

Market Cap

$328.75MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

N/A

N/A

Net Income

$21.48M

N/A

EBITDA

$25.41M

N/A

Quarterly Fundamentals

Name
Q2 2025YOY CHG

Total Cash

$833.00

N/A

Total Debt

$237.93M

-0.5%

Accounts Receivable

$5.29M

+22.2%

Inventory

$0.00

N/A

Long Term Debt

$237.93M

-0.5%

Short Term Debt

$0.00

N/A

Return on Assets

-2.42%

N/A

Return on Invested Capital

-2.43%

N/A

Free Cash Flow

$4.82M

N/A

Operating Cash Flow

$4.82M

N/A

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Questions About RFMZ

What is the current price of RiverNorth Flexible Municipal Income Fund II?

RiverNorth Flexible Municipal Income Fund II is trading at $13.50 per share.

What is the 52-week range for RiverNorth Flexible Municipal Income Fund II?

Over the past 52 weeks, RiverNorth Flexible Municipal Income Fund II has traded between $12.30 and $13.70.

How much debt does RiverNorth Flexible Municipal Income Fund II have?

As of the most recent reporting period, RiverNorth Flexible Municipal Income Fund II reported total debt of $240.68M.

How much cash does RiverNorth Flexible Municipal Income Fund II have on hand?

RiverNorth Flexible Municipal Income Fund II reported $0.00 in cash and cash equivalents in its most recent financial results.

What is RiverNorth Flexible Municipal Income Fund II’s dividend yield?

RiverNorth Flexible Municipal Income Fund II currently has a dividend yield of 7.35%.

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