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Smart Investors Daily
RF

NYSE · RFMZ

RiverNorth Flexible Municipal Income Fund II, Inc.

Financial Services · Asset Management

$12.29

Up+$0.04 (+0.33%)

Updated Sep 16, 2026, 10:32 PM

SID Score

3.7/10

Composite research score

Smart Money

Institutional and insider signal

Market cap
319.13M
P/E ratio
-22.19
Dividend yield
9.10%
52-week range
$12.20 – $13.70
Volume
145.12K
Avg. volume
104.31K

Price performance

RFMZ price history

1M range · 20 trading sessions · Daily adjusted prices

RFMZ closed at $12.29 after 20 trading sessions, down 7.80% for the selected period.

Last close
$12.29
Period change
-7.80%
Period low
$12.29
Period high
$13.33
Daily close
View OHLC price history
RFMZ OHLC price history, latest 40 sessions
DateOpenHighLowCloseVolume
Sep 15, 2026$12.42$12.60$12.20$12.29145.12K
Sep 14, 2026$12.67$12.727$12.51$12.5157.29K
Sep 11, 2026$12.79$12.82$12.63$12.6532.51K
Sep 10, 2026$12.84$12.87$12.70$12.7281.28K
Sep 9, 2026$12.96$12.99$12.85$12.8550.48K
Sep 8, 2026$12.95$13.13$12.85$12.9146.85K
Sep 4, 2026$12.94$13.02$12.8501$12.9547.62K
Sep 3, 2026$12.91$13.015$12.8801$12.9033.01K
Sep 2, 2026$13.01$13.09$12.88$12.9059.5K
Sep 1, 2026$13.12$13.1261$12.915$12.9573.17K
Aug 31, 2026$13.18$13.2599$13.06$13.0624.65K
Aug 28, 2026$13.10$13.15$13.06$13.1545.59K
Aug 27, 2026$13.16$13.178$13.0101$13.0767.25K
Aug 26, 2026$13.15$13.2457$13.0901$13.1023.4K
Aug 25, 2026$13.18$13.22$13.15$13.1720.5K
Aug 24, 2026$13.17$13.26$13.12$13.1239.76K
Aug 21, 2026$13.07$13.15$13.07$13.15112.69K
Aug 20, 2026$13.38$13.38$13.08$13.09141.64K
Aug 19, 2026$13.33$13.34$13.215$13.2930.15K
Aug 18, 2026$13.34$13.39$13.21$13.3366.46K

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RFMZ research

Overview

Company profile and research snapshot.

Company profile

RiverNorth Flex Muni Income Fund II Inc is a diversified, closed-end management investment company. Its primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The fund's secondary investment objective is total return.

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seekingalpha.com · Dec 5, 2025

RFMZ: The Return Is Largely Return Of Capital

RiverNorth Flexible Municipal Income II aims to exploit CEF discounts in the municipal bond space but delivers sub-market, unattractive income. RFMZ's 7.9% distribution is misleading; only 3.16% is true income, with the rest being return of capital—well below competing muni funds. The fund's strategy of capturing CEF discount-to-NAV reversion has not worked in practice, as evidenced by persistently low real yields.

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