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RiverNorth Flexible Municipal Income Fund II (RFMZ)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of Dec. 9, 2024
Current
Market Price $14.12 (- $0.12)
NAV (Dec. 9, 2024) $15.82 (+ $0.01)
Fund Listed NYSE
Premium / Discount -10.75% (-0.82%)
Fund Info
Inception Feb. 24, 2021
Sponsor RiverNorth Capital Managment, LLC
Website https://www.rivernorth...
Phone
NAV Symbol XRFZX
Location Illinois
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board No
Term Date Feb. 26, 2036
Objective: Current income exempt from regular U.S. federal income taxes with a secondary objective of total return.
Related Indexes
Term Municipal Fund Index
Capital & Leverage
Outstanding Shares 24,351,756
Total Assets (Reported: June 30, 2024) $622M
Estimated Total Assets $628M
Net Assets $385M
Market Cap $344M
Portfolio Turnover 53.00%
Total Leverage 38.70%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 100.00%
Expense Ratio 5.03%
Non Lev Exp Ratio 2.36%
Rel Lev Cost 4.21%
Discount Data
Average Discount (3 Yr) -9.57%
Discount Low(3 Yr) -17.63%
Discount High(3 Yr) 1.73%
Discount Rel Range (3 Yr) 35.54%
Comp Discount -2.86
Discount St Dev (1Yr) 1.78
Z-Stat
Z-Stat (6mo) -1.81
Z-Stat (1Yr) -0.53
Z-Stat (3Yr) -0.47
Comp Z-Stat (6mo) -1.40
Comp Z-Stat (3Yr) -0.69
Distribution Data
Market Yield 7.36%
Income Yield 3.09%
Lev Adj NAV Yield 4.74%
Distribution Frequency M
Current Distribution $0.087
Current Income $0.036
Ex-Date 12/13/24
Payable Date 12/31/24
Div Growth (3yr) -13.40%
Dividend Change 0.1% on 1/2/24
Expected Div 1/2/25
RoC (1yr) 63.67%
RoC (3yr) 62.64%
Tax Dividend Data 2023 2021 - 2023
Income 2.9% 7.7%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 69.2% 51.0%
Volume & Liquidity
Average Daily $ (K) $895
Avg Volume 30 day 72,512
Avg Volume 90 day 63,370
Volume Trend 14.43%
Comp Volume Trend 12.70%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
20.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
38.0%
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
58.0%
Most Correlated Peer (Mk Pr): RMI 68.0%
NAV - Price Correlation (30 d) 79.7%
NAV - Price Correlation (90 d) 44.3%
NAV - Price Correlation (1 Yr) 62.7%
Price St Dev (1Yr) 11.5%
NAV St Dev (1Yr) 5.1%
Earnings
Earnings / Share (6/30/24) $0.019
Earn Coverage 22.40%
Earnings Trend Down
UNII / Share (6/30/24) $0.029
Rel UNII 6.60
UNII Trend Up
Bond Specific Data
Maturity
Duration 6.90
Credit Rating (rbo) A
Investment Grade 93.00%
Non Investment Grade 2.00%
Unrated Bonds 5.00%
Average Bond Price 95.42
Discount vs Price -15.33
Coupon 5.17%
Zero Coupon 0.76%
AMT 19.90%
AMT Yield 6.95%
Bond Calls Risk None%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.12
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.51
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index
0.61

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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