Equities

RiverNorth Flexible Municipal Income II

RFMZ:NYQ

RiverNorth Flexible Municipal Income II

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  • Price (USD)13.99
  • Today's Change0.014 / 0.10%
  • Shares traded76.79k
  • 1 Year change+6.39%
  • Beta0.7492
Data delayed at least 15 minutes, as of Nov 26 2024.
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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)24.93m
  • Net income in USD31.80m
  • 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)
Triplepoint Venture Growth BDC Corp31.14m10.44m326.80m0.0039.040.907--10.490.21130.21130.81539.100.035------1.172.081.202.15-51.6044.0833.5122.33----0.5256276.70-15.93-1.42-98.41----0.7674
Nabors Energy Transition Corp II0.0015.41m327.57m--26.571.3028.88--0.40420.40420.008.270.00------4.79--4.79--------------0.0096--------------
Voyager Acquisition Corp-100.00bn-100.00bn330.59m----1.29----------7.74----------------------------0.00--------------
Virtus Convertible & Income Fund24.29m14.31m330.77m--23.120.9855--13.620.15830.15830.26884.820.0435--3.50--3.572.283.882.5353.4975.5882.0053.94----0.1861438.16-3.62-15.82103.09-----11.44
Inflection Point Acquisition Corp II0.0010.54m334.38m--32.311.3244.74--0.33060.33060.008.110.00------4.01--4.03--------------0.0028--------------
abrdn Income Credit Strategies Fund-100.00bn-100.00bn334.55m--------------------------------------------------------------
Pimco Income Strategy Fund-100.00bn-100.00bn334.95m--------------------------------------------------------------
Putnam Premier Income Trust26.77m32.00m335.55m0.0010.580.9198--12.540.33450.33450.283.850.0436--0.6548--5.210.13587.580.198188.7286.26119.574.59----0.002,781.312.61-4.163,248.727.65---3.87
Blackrock Muniyield Michign Qulty Fd Inc-100.00bn-100.00bn337.44m--------------------------------------------------------------
RiverNorth Flexible Mncpl Inm Fnd II Inc24.93m31.80m340.34m--10.710.8964--13.651.311.311.0215.610.0401--31.08--5.12--5.15--26.02--127.58------0.3863---8.16--103.58------
Cohen & Steers Total Return Real. Fd Inc11.59m18.37m342.04m--18.721.13--29.520.69140.69140.435811.460.0375--6.34--5.957.945.967.9880.9475.88158.62273.02----0.0099.045.671.75138.09-----1.90
Liberty All-Star Growth Fund Inc2.04m36.02m348.30m0.009.771.00--170.960.59860.59860.03395.830.0059--0.988--10.50--10.58---74.09--1,768.09------0.00--11.81--139.95------
Eaton Vance Floating-Rate Income Trust-100.00bn-100.00bn349.61m0.00------------------------------------------------------------
Highland Opportunities and Income Fund43.12m-23.26m349.75m----0.4518--8.11-0.3383-0.33830.641114.880.0413--1.40---2.233.25-2.273.4072.2175.30-53.9554.33--0.49230.0081154.10-47.15---145.58------
Ares Dynamic Credit Allocation Fund Inc52.13m53.01m349.91m--6.591.04--6.712.312.312.2714.710.0954------9.70--10.19--74.34--101.70------0.3824--14.87--222.23------
Horizon Technology Finance Corp48.47m-3.86m353.60m0.00--1.02--7.29-0.1206-0.12061.409.060.061--3.24---0.48582.24-0.54332.350.449729.27-7.9724.73----0.5589247.02-45.462.97-181.25----1.92
Data as of Nov 26 2024. Currency figures normalised to RiverNorth Flexible Municipal Income II's reporting currency: US Dollar USD

Institutional shareholders

16.50%Per cent of shares held by top holders
HolderShares% Held
Stifel Nicolaus & Co., Inc. (Investment Management)as of 30 Sep 2024889.18k3.65%
Rockefeller & Co. LLCas of 30 Sep 2024739.02k3.04%
UBS Financial Services, Inc.as of 30 Sep 2024601.59k2.47%
Karpus Management, Inc.as of 30 Sep 2024426.81k1.75%
Wells Fargo Clearing Services LLCas of 30 Sep 2024351.94k1.45%
RBC Capital Markets LLC (Investment Management)as of 30 Sep 2024314.54k1.29%
Thomas J. Herzfeld Advisors, Inc.as of 30 Sep 2024253.67k1.04%
Envestnet Asset Management, Inc.as of 30 Sep 2024167.89k0.69%
Morgan Stanley Smith Barney LLC (Investment Management)as of 30 Sep 2024139.65k0.57%
Parametric Portfolio Associates LLCas of 30 Sep 2024134.89k0.55%
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Data from 30 Sep 2024 - 30 Sep 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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