Welcome to our dedicated page for RiverNorth Flexible Municipal Income II SEC filings (Ticker: RFMZ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
rivernorth is an investment management firm founded in 2000 that specializes in opportunistic strategies in niche markets where the potential to exploit inefficiencies is greatest. rivernorth is the investment manager to multiple registered and private funds. disclosure: rivernorth.com/linkedinRiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) reports total assets of $572,153,977 and net assets of $340,659,445 with 24,351,756 common shares outstanding. The fund generated investment income of $11,626,707 while recording net realized gains of $2,131,807 and a net change in unrealized depreciation of $(25,480,058), reflecting mark-to-market losses. Interest and leverage costs were material: interest expense and fees on floating rate note obligations were $8,704,193 and the investment adviser fee totaled $8,576,414. The fund lists closed-end fund holdings representing 60.84% of assets and declared dividends of $0.0858 on specified record/payment dates. Total annual expenses attributable to common shares are presented as 7.06%, with the unified management fee described as 1.40% of Managed Assets (equivalent to 2.32% of net assets given leverage). The report includes the auditor fees, Code of Ethics, and officer certifications.
Insider activity: On 17 Jul 2025 Portfolio Manager Steve O’Neill purchased three open-market lots totaling 5,000 common shares of RiverNorth Flexible Municipal Income Fund II (RFMZ) at an average price of $12.60, raising his direct holding to 25,000 shares (≈ $63 k value). This Form 4/A amends the 18 Jul 2025 submission only to correct the issuer name; share data remain unchanged.
- Transaction code: P (purchase); no derivatives reported
- Ownership form: Direct
- Insider role: Officer—Portfolio Manager
While modest relative to the fund’s float, continual insider buying often signals management confidence and helps align interests with shareholders.
RiverNorth Flexible Municipal Income Fund II (RFMZ) filed a Form 4 disclosing insider activity by Portfolio Manager Stephen A. O'Neill.
- On 07/18/2025 he purchased 5,000 common shares in two open-market transactions at an average price of $12.57 per share (prices: $12.5691 & $12.57).
- O'Neill's direct ownership rose to 30,000 shares after the trades, up from 25,000.
- No shares were sold and no derivative transactions were reported.
The filing signals incremental insider confidence but involves a relatively small dollar amount (~$62.9 k).
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