Rivernorth Flexible Municipal Income Fund II

RFMZ · NYSE

$11.84−$0.13 (−1.09%)TodayMarket closed ·
Prev close $11.97

About RFMZ

Rivernorth Flexible Municipal Income Fund II Inc is a US-based company operating in industry. The company is headquartered in West Palm Beach, Florida. The company went IPO on 2021-02-24. 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 United States federal income taxes (but which may be includable in taxable income for purposes of the Federal alternative minimum tax). 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 (Municipal Bonds). The Fund’s investment adviser is RiverNorth Capital Management, LLC and the Fund’s sub-adviser is MacKay Shields, LLC.

Employees
0
Headquarters
West Palm Beach, Florida
Listed
Feb 24, 2021
Sector
N/A
Industry
N/A

RFMZ key statistics

Market cap
289.54M
Price-earnings ratio
7.45
Dividend yield
8.29%
Average volume
140.67K
Volume
82.00K
Open price
$11.97
High today
$12.04
Low today
$11.83
52 Week high
$13.70
52 Week low
$11.31

Rivernorth Flexible Municipal Income Fund II (RFMZ) at a glance

Rivernorth Flexible Municipal Income Fund II (RFMZ) last traded at $11.84, with a market cap of 289.54M, a price-to-earnings ratio of 7.45 and a dividend yield of 8.29%.

Today the stock has traded between $11.83 and $12.04. The current price is 0.1% above the day's low and 1.7% below its high.

Volume so far is 82.00K shares, below the average of 140.67K shares a day.

Over the past year Rivernorth Flexible Municipal Income Fund II has ranged from $11.31 to $13.70, and now sits 22% of the way up that range.

RFMZ news

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

  • Press releaseBusiness Wire

    RiverNorth Closed-End Funds Declare Monthly Distributions

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