RiverNorth Flex Muniome Fund II (RiverNorth Flex Muniome Fund II) Effective Interest Rate on Debt % : 3.91% (As of Dec. 2023)

RiverNorth Flex Muniome Fund II Effective Interest Rate on Debt % Chart

Competitive Comparison of RiverNorth Flex Muniome Fund II's Effective Interest Rate on Debt %

For the Asset Management subindustry, RiverNorth Flex Muniome Fund II's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RiverNorth Flex Muniome Fund II's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RiverNorth Flex Muniome Fund II's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where RiverNorth Flex Muniome Fund II's Effective Interest Rate on Debt % falls into.

RiverNorth Flex Muniome Fund II Effective Interest Rate on Debt % Calculation

RiverNorth Flex Muniome Fund II's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

where

RiverNorth Flex Muniome Fund II's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

where

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

RiverNorth Flex Muniome Fund II  (NYSE:RFMZ) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

RiverNorth Flex Muniome Fund II Effective Interest Rate on Debt % Related Terms

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RiverNorth Flex Muniome Fund II (RiverNorth Flex Muniome Fund II) Business Description