4/A: RiverNorth Flexible Municipal Income Fund II Portfolio Manager Amends SEC Filing to Correct Issuer Name and Confirm Share Purchases

Stephen Andrew O'Neill, a Portfolio Manager for RiverNorth Flexible Municipal Income Fund II, Inc., filed an amended Form 4 to correct the issuer name for recent share acquisitions totaling 5,000 common shares.

Summary

• Stephen Andrew O'Neill, a Portfolio Manager for RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ), filed an amended Form 4 on July 21, 2025.
• The amendment was filed solely to correct an erroneous issuer name in a previous Form 4 filed on July 18, 2025, which incorrectly listed 'RiverNorth Managed Duration Municipal Income Fund II, Inc.' instead of 'RiverNorth Flexible Municipal Income Fund II, Inc.'.
• The filing confirms the acquisition of 5,000 Common Shares of Beneficial Interest by Mr. O'Neill on July 17, 2025, through three separate transactions.
• The acquisitions included 2,065 shares at $12.59 per share, 2,000 shares at $12.6298 per share, and 935 shares at $12.5843 per share.
• Following these transactions, Mr. O'Neill's direct beneficial ownership of Common Shares of Beneficial Interest in RiverNorth Flexible Municipal Income Fund II, Inc. stands at 25,000 shares.

Sentiment

Score: 7

Explanation: The sentiment is positive due to the significant insider buying by a portfolio manager, which signals confidence in the company. The administrative correction is a minor issue that does not detract significantly from the positive signal of the share acquisitions.

Positives

• A Portfolio Manager, Stephen Andrew O'Neill, acquired 5,000 common shares, indicating confidence in the company's prospects.
• The total value of shares acquired by the insider amounts to approximately $63,025.76.

Risks

• The initial filing contained an administrative error regarding the issuer's name, which required an amendment.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The amendment was filed solely to correct the Issuer listed in the reporting person's statement of changes in beneficial ownership, as the original Form 4 filed on July 18, 2025, contained an erroneous issuer name.

Industry Context

This filing pertains to an insider transaction within a municipal income fund. It reflects an individual portfolio manager's investment decision rather than broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders may view the insider's purchase of additional shares as a positive signal of management's confidence in the company's future performance and value.

Key Dates

Recommendation

Keywords

SEC Form 4, Insider Trading, Beneficial Ownership, RFMZ, RiverNorth Flexible Municipal Income Fund II, Stephen Andrew O'Neill, Share Acquisition, Amendment, Portfolio Manager, Municipal Income Fund