Equities

RiverNorth Flexible Municipal Income II

RFMZ:NYQ

RiverNorth Flexible Municipal Income II

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  • Price (USD)13.84
  • Today's Change-0.01 / -0.07%
  • Shares traded43.15k
  • 1 Year change+4.93%
  • Beta--
Data delayed at least 15 minutes, as of May 17 2024 00:00 BST.
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About the company

Rivernorth Flexible Municipal Income Fund II, Inc. is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The Fund’s secondary investment objective is total return. Under normal market conditions, the Fund seeks to achieve its investment objectives by investing, directly or indirectly, at least 80% of its managed assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular United States federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax. The Fund’s investment adviser is RiverNorth Capital Management, LLC and sub-adviser is MacKay Shields, LLC.

  • Revenue in USD (TTM)25.31m
  • Net income in USD23.99m
  • Incorporated2020
  • Employees--
  • Location
    RiverNorth Flexible Municipal Income II360 S. Rosemary Ave, Suite 1420WEST PALM BEACH 33401United StatesUSA
  • Phone+1 (312) 445-2251
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Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Vado Corp16.03m-8.52m319.36m52.00------19.92-0.0469-0.04690.0884-0.05017.07----308,342.70-375.72-358.10----29.56---53.15-55.37---2.31------301.96-24,275.40---5.45--
Blackrock Muniholdings New York Qulty Fd-100.00bn-100.00bn320.56m--------------------------------------------------------------
Nabors Energy Transition Corp II0.007.57m320.86m--52.981.32----0.19860.19860.007.97----------------------------0.0099--------------
Cohen and Strs Clsd nd pprtnty Fnd nc-100.00bn-100.00bn322.84m0.00------------------------------------------------------------
Pimco Income Strategy Fund-100.00bn-100.00bn324.11m--------------------------------------------------------------
Blackrock Muniyield Michign Qulty Fd Inc-100.00bn-100.00bn328.17m--------------------------------------------------------------
Inflection Point Acquisition Corp II0.006.75m328.75m--50.291.34----0.20920.20920.007.87----------------------------0.00--------------
Abrdn Global Premier Properties Fund-100.00bn-100.00bn331.38m--------------------------------------------------------------
Ares Dynamic Credit Allocation Fund Inc50.44m56.35m333.41m--5.921.00--6.612.462.462.2014.490.0986------11.01--11.63--75.03--111.72------0.3605--14.87--222.23------
Nuveen New York Quality Muncpl Incm Fund-100.00bn-100.00bn334.74m--------------------------------------------------------------
RiverNorth Flexible Mncpl Inm Fnd II Inc25.31m23.99m337.03m--14.050.8974--13.320.98530.98531.0415.420.0407--7.37--3.85--3.90--29.83--94.80------0.3891--20.12--116.72------
Putnam Premier Income Trust25.13m18.03m339.16m0.0018.720.9092--13.490.18730.18730.26223.860.0298--0.2493--2.14-0.07713.40-0.110187.8385.7671.73-2.64--6.220.00--1.28-7.53104.67-51.59--0.1287
Stellus Capital Investment Corp107.77m25.95m343.07m0.0013.041.06--3.181.091.094.6713.410.1174--132.13--2.832.982.873.0445.8045.4124.0831.16--2.560.6501111.7040.9214.7220.99-7.72----
Eaton Vance Floating-Rate Income Trust-100.00bn-100.00bn353.97m0.00------------------------------------------------------------
Data as of May 17 2024. Currency figures normalised to RiverNorth Flexible Municipal Income II's reporting currency: US Dollar USD

Institutional shareholders

16.41%Per cent of shares held by top holders
HolderShares% Held
Stifel Nicolaus & Co., Inc. (Investment Management)as of 31 Dec 2023747.43k3.07%
Rockefeller & Co. LLCas of 31 Dec 2023744.33k3.06%
UBS Financial Services, Inc.as of 31 Dec 2023629.70k2.59%
Karpus Management, Inc.as of 31 Dec 2023620.53k2.55%
RBC Capital Markets LLC (Investment Management)as of 31 Dec 2023271.40k1.12%
Wells Fargo Clearing Services LLCas of 31 Mar 2024265.48k1.09%
Parametric Portfolio Associates LLCas of 31 Dec 2023258.32k1.06%
Thomas J. Herzfeld Advisors, Inc.as of 31 Dec 2023178.34k0.73%
Corient Private Wealth LLCas of 31 Mar 2024147.76k0.61%
Wedbush Securities, Inc. (Investment Management)as of 31 Dec 2023133.18k0.55%
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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