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RiverNorth Flexible Municipal Income Fund II(NYSE) RFMZ

Market Cap$299.77MMarket 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)-8%
5 Year-17%
1 Year+2%
1 Month-7%
$12.31
-0.81%
-0.10Today
After hours$12.31+$0.00 (+0.00%)
RiverNorth Flexible Municipal Income Fund II last closing stock price
MetricPriceDate
Last closeUSD 12.312026-09-18
RiverNorth Flexible Municipal Income Fund II stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-2.06%USD 12.572026-09-11
1 month-6.77%USD 13.202026-08-19
3 month-6.85%USD 13.212026-06-18
Year to date+2.74%USD 11.982025-12-31
1 year+1.74%USD 12.102025-09-18
3 year+19.22%USD 10.332023-09-19
5 year-16.82%USD 14.802021-09-17
Since inception-8.1%USD 13.392021-02-24

RiverNorth Flexible Municipal Income Fund II Financials at a Glance

Market Cap

$299.77MMarket 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)

$1.61

P/E Ratio

7.66

Dividend

$0.98

Beta (Volatility)

0.26 (Low)

Price

$12.31

Volume

14,888.016

Open

$12.29

Previous Close

$12.28

Daily Range

$12.23 - $12.30

52-Week Range

$12.20 - $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, RiverNorth 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 revenue of $4.15 million indicates strong operational performance
  • Net income of $21.48 million showcases effective cost management
  • Long-term investments valued at $559.67 million support growth potential
Financial Highlights
  • Trailing twelve-month dividend yield of 7.49% reflects attractive income potential
  • Market capitalization of approximately $320.71 million indicates solid market presence
  • Quarterly net income margin of 5.18% demonstrates profitability
RiverNorth Flexible Municipal Income Fund II, Inc. offers a unique investment opportunity for those seeking tax-free income through municipal securities. The company's active management approach aims to optimize returns while maintaining a focus on capital appreciation. Recent financial performance highlights, including a significant revenue figure and net income, underscore the effectiveness of its operational strategies. With a strong market capitalization and an attractive dividend yield, RiverNorth positions itself as a compelling option for investors interested in the asset management sector.
AI Generated • Aug 26, 2026

Industry

Capital Markets

Sector

Financials

Headquarters

Chicago, IL 60607, US

RFMZ Financials

Key Financial Metrics (TTM)

Gross Margin

68.99%

Operating Margin

173.92%

Net Income Margin

147.36%

Return on Equity

11.09%

Return on Capital

7.80%

Return on Assets

6.56%

Earnings Yield

13.05%

Dividend Yield

7.97%

Payout Ratio

62.09%

Stock Overview

Market Cap

$299.77MMarket 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

14.89K

Avg. Volume

49.49K

Financials (TTM)

Gross Profit

$18.31M

Operating Income

$46.16M

EBITDA

$46.16M

Operating Cash Flow

$10.03M

Capital Expenditure

$5.00

Free Cash Flow

$10.03M

Cash & ST Invst.

$14.64M

Total Debt

$236.53M

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
20232023-06-30USD -10,157,764N/A
20242024-06-30USD 23,898,931N/A
20252025-06-30USD 28,990,60221.3%
20262026-06-30USD 26,541,696-8.4%
RiverNorth Flexible Municipal Income Fund II sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22024-12-31N/A
Q42025-06-30N/A
Q22025-12-31N/A
Q42026-06-30440.0%
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
20232023-06-30USD 0.64N/A
20242024-06-30USD 1.31103.6%
20252025-06-30USD -0.58N/A
20262026-06-30USD 1.61N/A
RiverNorth Flexible Municipal Income Fund II sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22024-12-31N/A
Q42025-06-30N/A
Q22025-12-31N/A
Q42026-06-30-18.2%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q4 2025YOY CHG

Revenue

$22.39M

N/A

Gross Profit

$18.27M

N/A

Gross Margin

81.56%

N/A

Market Cap

$299.77MMarket 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

$17.63M

N/A

EBITDA

$20.75M

N/A

Quarterly Fundamentals

Name
Q4 2025YOY CHG

Total Cash

$14.64M

N/A

Total Debt

$236.53M

-1.1%

Accounts Receivable

$6.00M

-6.9%

Inventory

$0.00

N/A

Long Term Debt

$236.53M

-1.1%

Short Term Debt

$0.00

N/A

Return on Assets

6.56%

N/A

Return on Invested Capital

7.80%

N/A

Free Cash Flow

$5.21M

N/A

Operating Cash Flow

$5.21M

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 $12.28 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 $12.20 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 $236.53M.

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 7.97%.

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