|Bid||20.05 x 1300|
|Ask||20.07 x 900|
|Day's Range||19.99 - 20.09|
|52 Week Range||19.99 - 20.41|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.20 (5.99%)|
|Ex-Dividend Date||May 13, 2021|
|1y Target Est||N/A|
RiverNorth Flexible Municipal Income Fund II, Inc. (the "Fund") (NYSE: RFMZ) announced that its Board of Directors (the "Board") has approved a 6.00% level distribution policy effective April 1, 2021. Accordingly, the Fund is declaring monthly distributions for April, May and June 2021.
RiverNorth Capital Management, LLC ("RiverNorth"), an investment management firm specializing in opportunistic strategies, announced the launch of the RiverNorth Flexible Municipal Income Fund II, Inc. (the "Fund"), a new municipal focused closed-end fund. RiverNorth will act as the investment adviser to the Fund and MacKay Shields LLC ("MacKay Shields") will act as subadviser. This is the fourth fund co-managed by the investment firms. The Fund will use the load waived pricing structure pioneered by RiverNorth. As a result, investors will not pay any upfront expenses, which allows the Fund to be priced at its initial net asset value (NAV) of $20.00 per share. Trading on the New York Stock Exchange began on February 24, 2021 under the symbol "RFMZ."