RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ)
RiverNorth Flexible Municipal Income Fund II, Inc. functions as a managed, closed-end investment vehicle. Its main investment aim is to generate current income free from standard U.S. federal income taxes, while its secondary goal is to achieve overall total return. Established on June 11, 2020, the company's headquarters are located in West Palm Beach, Florida.
Industry: Asset Management
RiverNorth Flexible Municipal Income Fund II, Inc.
NYSE:RFMZFinancial Services · Asset Management
-1.09%$11.84
AH Close$11.84+0.00%vs close
AH Close$11.84+0.00%vs close
Mkt Cap$288.32M
Float21.9M
O/S24.35M
Inst Own32.4%
SI0.1%
Div Yield8.24%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$26.54M
Net Income$39.11M
Total Assets$596.35M
Free Cash Flow$10.03M
Debt & Equity
Debt 40%
Equity 60%
Total Debt$236.53M
Total Equity$355.49M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in RFMZ's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$596.35M
Liabilities$240.86M
Accounts Receivable$6M
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Revenue | $26.54M | -$5.16M | $41.83M | $23.35M | -$91.13M |
| YoY Growth | -614.8% | -112.3% | 79.1% | -125.6% | - |
| Cost of Revenue | $8.23M | $8.8M | $9.88M | $7.65M | $2.26M |
| Gross Profit | $18.31M | -$13.96M | $31.95M | $15.7M | -$93.4M |
| Gross Margin | 69.0% | 270.8% | 76.4% | 67.2% | 102.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $233K | $143K | $79K | $42K |
| Other | -$27.85M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | -$27.85M | $233K | $143K | $79K | $42K |
| Operating Income (EBIT) | $46.16M | -$14.19M | $31.8M | $15.62M | -$93.44M |
| Operating Margin | 173.9% | 275.3% | 76.0% | 66.9% | 102.5% |
| Interest Expense | $7.05M | $8.8M | $9.88M | $7.65M | $2.26M |
| Interest Income | $0 | $15.52M | $14.45M | $18.61M | $11.21M |
| Other Income (Expense) | -$7.05M | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $39.11M | -$14.19M | $31.8M | $15.62M | -$93.44M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 |
| Net Income | $39.11M | -$14.19M | $31.8M | $15.62M | -$93.44M |
| Net Income Margin | 147.4% | 275.3% | 76.0% | 66.9% | 102.5% |
| Supplementary Data | |||||
| EPS | 1.61 | -0.59 | 1.32 | 0.65 | -3.84 |
| Diluted EPS | 1.61 | -0.59 | 1.32 | 0.65 | -3.84 |
| Weighted Average OS | 24.35M | 24.03M | 24.03M | 24.03M | 24.33M |
| EBITDA | $46.16M | -$14.19M | $31.8M | $15.62M | -$93.44M |
| EBITDA Margin | 173.9% | 275.3% | 76.0% | 66.9% | 102.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $0 | $0 | $0 | $0 | $14.04M | $0 |
| Short-Term Investments | $14.64M | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $14.64M | $0 | $0 | $0 | $14.04M | $0 |
| Accounts Receivable | $6M | $7.32M | $6.45M | $6.18M | $78.77M | $4.85M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $20.64M | $7.32M | $6.45M | $6.18M | $92.81M | $4.85M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $570.82M | $0 | $610.04M | $607.13M | $646.88M | $701.15M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $4.89M | $578.13M | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $575.7M | $578.13M | $610.04M | $607.13M | $646.88M | $701.15M |
| Other Assets | $0 | $0 | $6.22M | $6.57M | $5.78M | $0 |
| Total Assets | $596.35M | $585.45M | $622.71M | $619.87M | $745.46M | $709M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $0 | $2.19M | $2.74M | $2.83M | $98.33M | $28.53M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $4.32M | $0 | -$756K | -$1.48M | -$3.78M | -$1.29M |
| Total Current Liabilities | $4.32M | $2.19M | $2.74M | $2.83M | $98.33M | $28.53M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $236.53M | $240.68M | $239.18M | $242.03M | $259.25M | $173.47M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $8K | $1.92M | $0 | $0 | $0 | $1.29M |
| Total Long-Term Liabilities | $236.54M | $242.59M | $239.18M | $242.03M | $259.25M | $174.76M |
| Other Liabilities | $0 | $0 | $756K | $1.48M | $3.78M | $0 |
| Total Liabilities | $240.86M | $244.79M | $242.67M | $246.34M | $361.36M | $203.29M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $397.94M | $414.28M | $429.68M | $449.46M | $465.34M | $480.87M |
| Retained Earnings | -$42.45M | -$73.62M | -$49.64M | -$75.93M | -$81.23M | $24.85M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $355.49M | $340.66M | $380.04M | $373.53M | $384.11M | $505.71M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $596.35M | $585.45M | $622.71M | $619.87M | $745.46M | $709M |
| Supplementary Data | ||||||
| Total Debt | $236.53M | $240.68M | $239.18M | $242.03M | $259.25M | $173.47M |
| Net Debt | $236.53M | $240.68M | $239.18M | $242.03M | $245.21M | $173.47M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Operating Activities | |||||
| Net Income | $39.11M | -$14.19M | $31.8M | $15.62M | -$93.44M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | -$220K | $809K | -$270K | -$2.59M | -$411K |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$1.22M | $0 | $0 | $0 | $0 |
| Other Working Capital | -$483K | $645K | -$1.04M | $120K | $2.63M |
| Total Working Capital Change | -$1.93M | $1.45M | -$1.31M | -$2.47M | $2.22M |
| Other Non-Cash Items | -$27.16M | $36.21M | -$2.91M | $17.02M | $50.4M |
| Net Cash from Operating | $10.03M | $23.47M | $27.58M | $30.18M | -$40.82M |
| Investing Activities | |||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$193.54M | $0 | $0 | $0 | $0 |
| Sales of Investments | $212.34M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $18.79M | $0 | $0 | $0 | $0 |
| Financing Activities | |||||
| Debt Repaid | $4.14M | -$1.5M | $2.81M | $17.22M | -$85.78M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$24.28M | -$25.19M | -$25.29M | -$26.2M | -$28.17M |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$28.43M | -$23.69M | -$28.1M | -$43.42M | $57.61M |
| Forex Effect | -$390K | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | -$222K | -$515K | -$13.24M | $16.8M |
| Supplementary Data | |||||
| Operating Cash Flow | $10.03M | $23.47M | $27.58M | $30.18M | -$40.82M |
| Capital Expenditure | -$5 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $10.03M | $23.47M | $27.58M | $30.18M | -$40.82M |
| Cash at Beginning | $0 | $6.05M | $6.56M | $19.8M | $3M |
| Cash at End | $0 | $5.83M | $6.05M | $6.56M | $19.8M |