RFMZ News and Press, RiverNorth Flexible Municipal Income Fund II Inc. From 11/07/23

2023-11-07 16:26:45 ET Summary In 2021, a dozen closed-end funds, or CEFs, were launched, but none of them performed well, with all of them experiencing negative total returns since inception. The CEFs trade at wide discounts to NAV, with an average discount of -12.5%, and offer h...

2023-09-19 05:20:05 ET Summary RiverNorth Capital Management offers several closed-end funds with municipal bond exposure, presenting an opportunity for swap trades. RMM is trading at a narrow discount on an absolute and relative basis, while RFMZ presents a relatively more attrac...

2023-08-31 07:33:14 ET Summary Vanguard Tax-Exempt bond fund won't make you rich. But it will help you dodge those nasty taxes. The fund has some high-grade quality bonds in it and offers a safe, albeit low, yield. Municipal bonds enjoy government backing and are tax...

2023-05-29 05:00:42 ET Few folks realize it, but there’s a great place to invest our money to profit from “DC drama” like the debt-ceiling fiasco. It’s literally hiding in plain sight. I’m talking, oddly enough, about government debt! But not fed...

2023-04-04 04:53:14 ET RiverNorth Flexible Municipal Income Fund II ( NYSE: RFMZ ) declares $0.0865/share monthly dividend , in line with previous. Forward yield 7.75% Payable April 28; for shareholders of record April 14; ex-div April 13. Payable May 31; for s...

The RiverNorth closed-end funds (the “Funds”) have declared monthly distributions for April, May and June 2023 in accordance with each Fund’s level distribution policy. In addition, the RiverNorth Flexible Municipal Income Fund, Inc. has declared a capital gain distribution. ...

RiverNorth Flexible Municipal Income Fund II ( NYSE: RFMZ ) declares $0.0928/share monthly dividend, in line with previous. Forward yield 7.65% Payable July 29; for shareholders of record July 15; ex-div July 14. Payable August 31; for shareholders of record August...

RFM has been declining along with other long-duration assets, which we would expect when the expectation is higher rates. The monthly distribution was bumped up due to their target distribution yield; however, the latest declines would indicate cuts are in the future if it doesn't reb...

Three out of 23 CEF sectors positive on price and six out of 23 sectors positive on NAV last week. GOF/GGM/GPM merger has been approved. RIV announces a new rights offering. For further details see: Weekly Closed-End Fund Roundup: Sept. 26, 2021

Last year, we were looking at distribution changes due to the COVID pandemic sell-off. CEFs distribute out most of their earnings as distributions, so they pay relatively higher yields. However, relatively higher yields mean that any downturn is likely to cause distribution cuts. ...