Rivernorth Flexible Municipal Income Fund Ii, Inc. Announces the Approval of A 6.00% Level Distribution Policy and the Declaration of Monthly Distributions, Payable on April 30, 2021, May 28, 2021 and June 30, 2021
April 01, 2021 at 05:10 pm
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RiverNorth Flexible Municipal Income Fund II, Inc. announced that its Board of Directors has approved a 6.00% level distribution policy effective April 1, 2021. Accordingly, the Fund is declaring monthly distributions for April, May and June 2021. Board has approved the distributions of $0.10 per share of common stock. Ex Date of April 15, 2021, May 13, 2021 and June 15, 2021. Record Date of April 16, 2021, May 14, 2021 and June 16, 2021, with payable date of April 30, 2021, May 28, 2021 and June 30, 2021.
Rivernorth Flexible Municipal Income Fund II, Inc. is a diversified, closed-end management investment company. The Fundâs primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The Fundâs 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 Fundâs investment adviser is RiverNorth Capital Management, LLC and sub-adviser is MacKay Shields, LLC.
Rivernorth Flexible Municipal Income Fund Ii, Inc. Announces the Approval of A 6.00% Level Distribution Policy and the Declaration of Monthly Distributions, Payable on April 30, 2021, May 28, 2021 and June 30, 2021
RIVERNORTH FLEXIBLE MUNICIPAL INCOME FUND II, INC. 
