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RiverNorth Flexible Municipal Income Fund II Inc (RFMZ)



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Upturn Advisory Summary
08/14/2025: RFMZ (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit 11.93% | Avg. Invested days 58 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 304.64M USD | Price to earnings Ratio 13.31 | 1Y Target Price - |
Price to earnings Ratio 13.31 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta - | 52 Weeks Range 11.52 - 14.15 | Updated Date 06/29/2025 |
52 Weeks Range 11.52 - 14.15 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 8.23% | Basic EPS (TTM) 0.94 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE 13.31 | Forward PE - | Enterprise Value - | Price to Sales(TTM) 13.29 |
Enterprise Value - | Price to Sales(TTM) 13.29 | ||
Enterprise Value to Revenue 23.9 | Enterprise Value to EBITDA - | Shares Outstanding 24351800 | Shares Floating - |
Shares Outstanding 24351800 | Shares Floating - | ||
Percent Insiders 9.78 | Percent Institutions 25.03 |
Upturn AI SWOT
RiverNorth Flexible Municipal Income Fund II Inc
Company Overview
History and Background
RiverNorth Flexible Municipal Income Fund II Inc. (RFMZ) is a closed-end management investment company that invests in a portfolio of municipal securities. The Fund's investment objective is to seek current income exempt from federal income tax, with a secondary objective of total return. It commenced operations in 2021.
Core Business Areas
- Municipal Securities Investment: RFMZ invests primarily in municipal securities, including those issued by states, counties, cities, and other political subdivisions. The fund may invest in municipal debt across various maturities, credit qualities, and sectors.
Leadership and Structure
Information on leadership and detailed structure is not readily available from public sources like financial statements. RiverNorth Capital Management, LLC serves as the investment advisor.
Top Products and Market Share
Key Offerings
- Municipal Bond Fund: RFMZ offers an actively managed portfolio of municipal bonds, providing investors with tax-exempt income and diversification. Market share data is not typically reported for individual closed-end funds in this segment. Competitors are other municipal bond funds like Nuveen Municipal High Income Opportunity Fund (NMI).
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit quality of issuers, and tax policies. Demand is driven by investors seeking tax-exempt income.
Positioning
RFMZ is positioned as a flexible municipal income fund, allowing it to invest across various sectors and credit qualities within the municipal market. Its competitive advantage lies in its active management strategy.
Total Addressable Market (TAM)
The total municipal bond market is estimated to be in the trillions of dollars. RFMZ's positioning is relative to other closed-end funds focused on municipal bonds.
Upturn SWOT Analysis
Strengths
- Active Management
- Tax-Exempt Income
- Flexible Investment Mandate
- Focus on Total Return
Weaknesses
- Closed-End Fund Structure (Price Volatility)
- Reliance on Active Management Skill
- Limited Track Record (Relatively new Fund)
- High expense ratios
Opportunities
- Rising Interest Rate Environment (Potential for Higher Yields)
- Increased Demand for Tax-Exempt Income
- Distressed Municipal Securities (Potential for Value Investing)
- Growth of ESG Investing in Municipal Bonds
Threats
- Interest Rate Risk
- Credit Risk
- Market Volatility
- Changes in Tax Laws
Competitors and Market Share
Key Competitors
- NMI
- MUB
- VTEB
Competitive Landscape
RFMZ faces competition from other municipal bond funds. Its active management strategy aims to outperform passive strategies.
Growth Trajectory and Initiatives
Historical Growth: Growth is linked to the fund's ability to generate attractive returns within the municipal bond market.
Future Projections: Future growth depends on management's ability to navigate market conditions and generate tax-exempt income.
Recent Initiatives: Information on specific initiatives is not readily available.
Summary
RFMZ is a relatively new closed-end fund focused on generating tax-exempt income through active management of municipal bonds. Its strengths lie in its flexible mandate and experienced management team; however, weaknesses include reliance on active management and potential price volatility. Investors should monitor interest rate risk and credit risk in the municipal bond market. The Fund's future success depends on its ability to deliver consistent returns and maintain a competitive expense ratio.
Peer Comparison
Sources and Disclaimers
Data Sources:
- RiverNorth Capital Management Website
- SEC Filings
- Morningstar
- Yahoo Finance
Disclaimers:
This analysis is based on publicly available information and does not constitute financial advice. Investment decisions should be made after consulting with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About RiverNorth Flexible Municipal Income Fund II Inc
Exchange NYSE | Headquaters Chicago, IL, United States | ||
IPO Launch date 2021-02-24 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website |
Full time employees - | Website |

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