Is RFMZ a Friend, Question Mark or Foe?

RFMZ is classified a Foe under the Income Quality Score framework, based on long-duration distribution and total-return history. This is a research classification, not investment advice.

How safe is the RFMZ distribution?

A Foe is an income asset whose long-term distributions have historically outrun its economic total return, or whose distribution or working capital has eroded over time. It describes a weak historical income-quality record — it is not a prediction or a recommendation to sell.

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Public snapshot

RFMZ Income Quality Score

Name: RFMZ Income Quality Score
Creator: Income Quality Score
Keywords: RFMZ income quality, RFMZ dividend quality, RFMZ dividend safety, RFMZ distribution history, RFMZ dividend score, RFMZ analysis, RiverNorth Flexible Municipal Income Fund II, Inc. dividend

RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) has an Income Quality Score of 30/100, classified as a Foe with low confidence, based on a 5-year income and total-return history.

RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) is a closed-end fund and is part of the IQ Score universe.

July 2026 snapshotAs of June 30, 2026Lookback: 5-year

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Long-term focused5-year income and total-return analysis

Data-drivenObjective scoring across 4 quality, distribution and risk signals

Clear classificationFriends to own. Foes to avoid.

IQ Score

30/100

FoeLow confidence

Asset Type

CEF

Exchange

—

Trailing Yield (TTM)

Not published

No normalized trailing yield is published for closed-end funds in this snapshot.

Rank in CEF Universe

346 of 358

Lookback

5-year

Data as of

June 30, 2026

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About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.

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RFMZRiverNorth Flexible Municipal Income Fund II, Inc.

30FoeLow confidence

Snapshot: 2026-06
Data as of: 2026-06-30
Lookback: 5-year
Asset type: Closed-End Fund

IQ Score History

Reconstructed monthly scores are computed from current data and methodology. Published snapshots are the frozen monthly releases, marked on the line. Where the methodology changed, the line is broken rather than joined across the change.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage

0/100

Working Capital Preservation

50/100

Distribution Cut Score

70/100

Distribution Trend

46/100

What to watch

Distributions exceed long-term total return
1–2 years with a material annual distribution decline

Flags & gates

Yield Trap

Distribution Safety

1Years raised

1Years cut

6Years of data

HeldCurrent trend

Lower confidence (3–4 years of history)

20210.9Held
20221.1536Raised
20231.038Cut
20241.0392Held
20251.0296Held
20260.4824Partial year

Distributions per year, from the frozen distribution-stability signal.

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.