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RF

NYSE · RFMZ

RiverNorth Flexible Municipal Income Fund II, Inc.

Financial Services · Asset Management

$11.98

Up+$0.04 (+0.33%)

Updated Oct 28, 2026, 4:30 PM

SID Score

4.4/10

Composite research score

Smart Money

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Institutional and insider signal

Market cap
319.13M
P/E ratio
-22.19
Dividend yield
9.34%
52-week range
$11.31 – $13.70
Volume
66.91K
Avg. volume
104.31K

Price performance · RFMZ

RFMZ price history

1M range · 21 trading sessions · Daily adjusted prices

Prices through Oct 27, 2026

RFMZ closed at $11.98 after 21 trading sessions, up 4.72% for the selected period.

Last close
$11.98
Period change
+4.72%
Period low
$11.34
Period high
$11.98
Daily close
View OHLC price history
RFMZ OHLC price history, latest 40 sessions
DateOpenHighLowCloseVolume
Oct 27, 2026$11.96$12.0999$11.93$11.9866.91K
Oct 26, 2026$11.86$11.96$11.84$11.9376.21K
Oct 23, 2026$11.97$12.04$11.83$11.8482K
Oct 22, 2026$11.91$12.04$11.89$11.97114.22K
Oct 21, 2026$11.90$11.995$11.83$11.8994.18K
Oct 20, 2026$11.80$12.055$11.80$11.92162.57K
Oct 19, 2026$11.79$11.8699$11.732$11.8389.35K
Oct 16, 2026$11.64$11.8186$11.55$11.77163.07K
Oct 15, 2026$11.50$11.66$11.50$11.61145.23K
Oct 14, 2026$11.50$11.56$11.44$11.5065.59K
Oct 13, 2026$11.48$11.595$11.4238$11.57129.66K
Oct 12, 2026$11.50$11.58$11.43$11.4485.47K
Oct 9, 2026$11.40$11.58$11.40$11.48192.49K
Oct 8, 2026$11.42$11.4298$11.31$11.34158.21K
Oct 7, 2026$11.61$11.61$11.40$11.41109.93K
Oct 6, 2026$11.64$11.7099$11.55$11.63220.21K
Oct 5, 2026$11.81$11.81$11.63$11.6795.46K
Oct 2, 2026$11.85$12.10$11.7403$11.8158.63K
Oct 1, 2026$11.75$11.84$11.60$11.82143.04K
Sep 30, 2026$11.65$11.75$11.37$11.70199K
Sep 29, 2026$11.44$11.61$11.3701$11.44208.31K

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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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