RFMZ News and Press, RiverNorth Flexible Municipal Income Fund II Inc. From 08/26/21

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. ...

Several RiverNorth closed-end funds (the “Funds”) have announced the declaration of monthly distributions for July, August and September 2021 in accordance with each Fund’s level distribution policy, as detailed below. Tax-Exempt Distributions 1 ...

RiverNorth has been busy in the last few years offering new funds; RFMZ is the latest effort they've brought to market. This one is another similar hybrid municipal bond fund approach to the others that we have been touching on. RFMZ launched on just 2/24/2021, so we don't have a ...

RFM is the third fund that we've covered that is similar to RMI and RMM. This fund also utilizes the hybrid approach between CEF holdings and individual muni holdings. This fund launched at a great time, March 27th, 2020 - they were able to take advantage of the market declines at...

The question today is, should you avoid CEF IPOs? From the data we have compiled, it seems that the averages come to be quite flat and it largely depends on the circumstances of its launch. One potential way to play this could be buying on day 1 and selling after 1-month of holdin...

Today, I wanted to go over two funds that should tentatively be launching in the future. The fund sponsors have filed with the SEC forms N-2 - this is a file to register new offerings, secondary offerings or anything that involves new shares being created. Both appear like they co...

RiverNorth Flexible Municipal Income Fund II (RFMZ) had declared $0.10/share monthly dividend.Payable April 30; for shareholders of record April 16; ex-div April 15.See RFMZ Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: RiverNorth Flexible Municipal In...

RiverNorth Flexible Municipal Income Fund II, Inc. (the “Fund”) (NYSE: RFMZ) announced that its Board of Directors (the “Board”) has approved a 6.00% level distribution policy effective April 1, 2021. Accordingly, the Fund is declaring monthly distributions f...

RiverNorth Capital Management, LLC (“RiverNorth”), an investment management firm specializing in opportunistic strategies, announced the launch of the RiverNorth Flexible Municipal Income Fund II, Inc. (the “Fund”), a new municipal focused closed-end fund. Ri...