RiverNorth Flexible Municipal Income Fund II, Inc. Overview
Pro stress-test →RiverNorth Flexible Municipal Income Fund II, Inc. is a diversified, closed-end management investment company registered under the Investment Company Act of 1940. The Fund seeks to provide current income exempt from regular U.S. federal income taxes with a secondary objective of total return. The fund combines a municipal bond strategy with experienced management to deliver tax-advantaged income to investors.
Strategic Profile
Pro stress-test →The fund leverages a closed-end structure to allow investors to potentially generate additional returns through the gap between the fund's market price and Net Asset Value, and combines a municipal strategy with experienced MacKay Municipal Managers. RiverNorth Capital Management, LLC is an independent investment manager specializing in opportunistic strategies and structures built to exploit market inefficiencies.
Competitive Landscape
Pro stress-test →RiverNorth operates multiple municipal income closed-end funds including RiverNorth Flexible Municipal Income Fund (RFM), RiverNorth Managed Duration Municipal Income Fund (RMM), and RiverNorth Opportunistic Municipal Income Fund (RMI). The municipal CEF market also includes competitors like Flaherty & Crumrine Preferred Income Opportunity Fund. The fund competes on tax efficiency, NAV discount-to-premium dynamics, and professional municipal bond management.
Industry Context
RiverNorth Flexible Municipal Income Fund II, Inc. operates in Closed-End Municipal Bond Funds.
Key facts
Founded: 2020 · Headquarters: US