NPORT-P false 0001790177 XXXXXXXX RiverNorth Flexible Municipal Income Fund Inc. 811-23481 0001790177 549300O6XP1DQZGJLC78 360 S. Rosemary Avenue Suite 1420 West Palm Beach 33401 312-445-2249 RiverNorth Flexible Municipal Income Fund Inc. 549300O6XP1DQZGJLC78 2026-06-30 2026-06-30 N 98792633.16 721597.89 98071035.27 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 USD N Triborough Ny Bridge & Tunnel Auth Revenues 54930020ZN4LQF7K3456 89602RFZ3 2000000.00000000 PA USD 2068855.60000000 2.109548037607 Long DBT MUN US N 2 2049-11-15 Fixed 5.00000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035AV73 -3200000.00000000 PA USD -3200000.00000000 -3.26294098067 Short DBT MUN US Y 2 2030-01-01 Floating 2.73000000 N N N N N N New York St Dorm Auth St Personal Income Tax Revenue 549300C8XO7EXTX2XU71 64990FX25 2200000.00000000 PA USD 2368371.06000000 2.414954684101 Long DBT MUN US N 2 2041-03-15 Fixed 5.00000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035TJK7 -2000000.00000000 PA USD -2000000.00000000 -2.03933811292 Short DBT MUN US Y 2 2033-11-01 Floating 2.70000000 N N N N N N Las Vegas Vly Nv Wtr Dist N/A 517845SF1 2500000.00000000 PA USD 2599141.50000000 2.650264160915 Long DBT MUN US N 2 2053-06-01 Fixed 5.00000000 N N N N N N Massachusetts St Transprtn Fund Revenue N/A 57604TKE5 4000000.00000000 PA USD 4180470.40000000 4.262696308334 Long DBT MUN US N 2 2053-06-01 Fixed 5.00000000 N N N N N N Bny Mellon Municipal Bond Infrastructure Fund Inc 5493003OUY2BKGFZ2414 09662W109 591.00000000 NS USD 6524.64000000 0.006652973512 Long EC RF US N 1 N N N Texas St Priv Activity Bond Surface Transprtn Corp Revenue N/A 882667AN8 2350000.00000000 PA USD 2322279.40000000 2.367956444638 Long DBT MUN US N 2 2058-06-30 Fixed 5.00000000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 N/A -190.00000000 NC USD -21565000.00000000 -21.9891632026 N/A DIR CORP US N 1 State Street Corporation 549300ZFEEJ2IP5VME73 Short US LONG BOND(CBT) Sep26 US LONG BOND(CBT) Sep26 2026-09-21 -21565000.00000000 USD -547175.88000000 N N N Blackrock Muniholdings Fund Inc MZBVMGS24JR92TGE6Z32 09253N104 796587.00000000 NS USD 9479385.30000000 9.665835864689 Long EC RF US N 1 N N N Invesco Municipal Opportunity Trust WERC5RXCUSU16MOTZ848 46132C107 204147.00000000 NS USD 2014930.89000000 2.054562679442 Long EC RF US N 1 N N N Blackrock Muniholdings California Quality Fund Inc NKJSRCJXMS5PZYPXY795 09254L107 80224.00000000 NS USD 881661.76000000 0.899003214937 Long EC RF US N 1 N N N Blackrock Liquidity Funds Municash 549300RWBJ885673DL84 09248U841 3577885.47000000 NS USD 3578243.26000000 3.648623928715 Long STIV RF US N 1 N N N Virginia Small Business Fing Auth Priv Activity Revenue Sr N/A 928097AD6 1500000.00000000 PA USD 1498847.40000000 1.528328314138 Long DBT MUN US N 2 2056-12-31 Fixed 5.00000000 N N N N N N Blackrock Muniyield New York Quality Fund Inc 158AYFGDRFUGVL3TD012 09255E102 132598.00000000 NS USD 1345869.70000000 1.372341687119 Long EC RF US N 1 N N N Denver City & Cnty Co Sch Dist #1 N/A 249174ZN6 3000000.00000000 PA USD 3316987.20000000 3.382229208520 Long DBT MUN US N 2 2049-12-01 Fixed 5.50000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035MLB9 -2250000.00000000 PA USD -2250000.00000000 -2.29425537703 Short DBT MUN US Y 2 2049-12-01 Floating 2.70000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035R7M0 -2400000.00000000 PA USD -2400000.00000000 -2.44720573550 Short DBT MUN US Y 2 2031-07-15 Floating 2.70000000 N N N N N N Bny Mellon Strategic Municipal Bond Fund Inc 54930044KK4C1VDJ7M52 09662E109 75270.00000000 NS USD 462910.50000000 0.472015512761 Long EC RF US N 1 N N N Chicago Il Wtrwks Revenue T5UYO5SYLC8K73MJQX30 1677362M8 2000000.00000000 PA USD 2131310.40000000 2.173231264595 Long DBT MUN US N 2 2066-11-01 Fixed 5.50000000 N N N N N N Blackrock Muniassets Fund Inc UJYLDIG1NIEEIV3PO802 09254J102 84633.93000000 NS USD 931819.62000000 0.950147632718 Long EC RF US N 1 N N N New York St Dorm Auth Revenues Non St Supported Debt 549300C8XO7EXTX2XU71 65000BW38 2200000.00000000 PA USD 2400214.08000000 2.447424026260 Long DBT MUN US N 2 2054-07-01 Fixed 5.50000000 N N N N N N Omaha Ne Public Pwr Dist Elec Revenue 54930000VJEJ9CGIYG32 682001RR5 1750000.00000000 PA USD 1839015.33000000 1.875187026360 Long DBT MUN US N 2 2056-02-01 Fixed 5.00000000 N N N N N N Blackrock Muniyield Quality Fund Iii Inc UB5J2GS6Q51M6A2L8886 09254E103 290476.00000000 NS USD 3227188.36000000 3.290664110065 Long EC RF US N 1 N N N S Estrn Pa Transprtn Auth 98450061A2F3FD36E493 842039FP9 2000000.00000000 PA USD 2166615.80000000 2.209231088501 Long DBT MUN US N 2 2043-06-01 Fixed 5.25000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035EBS1 -2000000.00000000 PA USD -2000000.00000000 -2.03933811292 Short DBT MUN US Y 2 2052-12-01 Floating 2.79000000 N N N N N N Puerto Rico Sales Tax Fing Corp Sales Tax Revenue 549300EIUFISISP8X671 74529JRL1 1096000.00000000 PA USD 1074710.20000000 1.095848735603 Long DBT MUN PR N 2 2058-07-01 Fixed 4.78400000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035RSR6 -2400000.00000000 PA USD -2400000.00000000 -2.44720573550 Short DBT MUN US Y 2 2049-08-15 Floating 2.72000000 N N N N N N Mansfield Tx Indep Sch Dist N/A 564386VN7 7000000.00000000 PA USD 7475168.40000000 7.622197909321 Long DBT MUN US N 2 2055-02-15 Fixed 5.25000000 N N N N N N Savannah Georgia Convention Ctr Auth Ga Convention Ctr Hotel N/A 804828AB7 1000000.00000000 PA USD 1008926.10000000 1.028770724426 Long DBT MUN US N 2 2050-06-01 Fixed 5.12500000 N N N N N N Mta Hudson Rail Yards Trust Obligs Revenue 5493000TKYODLXADQD60 62476RAB1 2000000.00000000 PA USD 2000260.80000000 2.039604042613 Long DBT MUN US N 2 2051-11-15 Fixed 5.00000000 N N N N N N Invesco Municipal Trust GKS5Y4B1VKHV66WSPK53 46131J103 229808.00000000 NS USD 2307272.32000000 2.352654189534 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs N/A 88035D3X1 -1600000.00000000 PA USD -1600000.00000000 -1.63147049033 Short DBT MUN US Y 2 2029-12-01 Floating 2.70000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035GF60 -3600000.00000000 PA USD -3600000.00000000 -3.67080860326 Short DBT MUN US Y 2 2028-09-01 Floating 2.72000000 N N N N N N North Carolina St Turnpike Auth 549300FCT1PN0GJGQ240 65830RDA4 4000000.00000000 PA USD 4101817.60000000 4.182496481970 Long DBT MUN US N 2 2058-01-01 Fixed 5.00000000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 N/A -390.00000000 NC USD -42857343.75000000 -43.7003072640 N/A DIR CORP US N 1 State Street Corporation 549300ZFEEJ2IP5VME73 Short US 10YR NOTE (CBT)Sep26 US 10YR NOTE (CBT)Sep26 2026-09-21 -42857343.75000000 USD -289752.15000000 N N N Bny Mellon Strategic Municipals Inc 549300FH0LKMOBY7N332 05588W108 137138.00000000 NS USD 885911.48000000 0.903336522920 Long EC RF US N 1 N N N Pimco Municipal Income Fund Ii ZVT714KPY3QTZWRT1S41 72200W106 118229.20000000 NS USD 899724.22000000 0.917420946483 Long EC RF US N 1 N N N Public Fin Auth Wi Toll Revenue 5493004S6D3NA627K012 74448UAD0 1000000.00000000 PA USD 1048277.80000000 1.068896435235 Long DBT MUN US N 2 2065-12-31 Fixed 5.75000000 N N N N N N Blackrock Muniyield Quality Fund Inc TFKEE3VA3GBE5LOK5U77 09254F100 667753.00000000 NS USD 7745934.81000000 7.898290039127 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035HPY6 -3000000.00000000 PA USD -3000000.00000000 -3.05900716938 Short DBT MUN US Y 2 2032-01-01 Floating 2.84000000 N N N N N N Chicago Il O'hare International Arpt Revenue T5UYO5SYLC8K73MJQX30 167593X56 5000000.00000000 PA USD 5254366.50000000 5.357714931359 Long DBT MUN US N 2 2045-01-01 Fixed 5.25000000 N N N N N N Battery Park City Ny Auth 549300RF3SFDOWRHVM56 07133AKQ4 2500000.00000000 PA USD 2706220.00000000 2.759448793978 Long DBT MUN US N 2 2055-11-01 Fixed 5.25000000 N N N N N N Missouri St Hlth & Eductnl Facs Auth Hlth Facs Revenue 549300IWTBCMX5JB3277 60637AXQ0 1515000.00000000 PA USD 1620801.99000000 1.652681635854 Long DBT MUN US N 2 2052-06-01 Fixed 5.00000000 N N N N N N Vanguard Tax-exempt Bond Index Etf 5493005YO1ELB2VD2X90 922907746 48026.00000000 NS USD 2429155.08000000 2.476934268423 Long EC RF US N 1 N N N Washington Dc Met Area Transit Auth Dedicated Revenue 549300ADKOK76HQMJS30 93878YDS5 3000000.00000000 PA USD 3139402.20000000 3.201151279128 Long DBT MUN US N 2 2048-07-15 Fixed 5.00000000 N N N N N N Abrdn National Municipal Income Fund NIC7ULNUGCUI836YP119 24610T108 20363.00000000 NS USD 211164.31000000 0.215317712736 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035GZY7 -2000000.00000000 PA USD -2000000.00000000 -2.03933811292 Short DBT MUN US Y 2 2053-11-01 Floating 2.69000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035UBV8 -1600000.00000000 PA USD -1600000.00000000 -1.63147049033 Short DBT MUN US Y 2 2033-11-01 Floating 2.70000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035GUV8 -1875000.00000000 PA USD -1875000.00000000 -1.91187948086 Short DBT MUN US Y 2 2053-06-01 Floating 2.70000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035TFW5 -1760000.00000000 PA USD -1760000.00000000 -1.79461753937 Short DBT MUN US Y 2 2054-07-01 Floating 1.67000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035GR59 -3600000.00000000 PA USD -3600000.00000000 -3.67080860326 Short DBT MUN US Y 2 2039-07-01 Floating 2.79000000 N N N N N N South Carolina St Public Svc Auth Revenue EMBXY64GWKA9MZGFUD26 837151U49 2500000.00000000 PA USD 2697256.00000000 2.750308480556 Long DBT MUN US N 2 2052-12-01 Fixed 5.75000000 N N N N N N San Francisco Ca City &cnty Arpts Commn Intl Arpt Rev 54930055TIDYHNDP4F84 79766DXQ7 2000000.00000000 PA USD 2149895.60000000 2.192182017943 Long DBT MUN US N 2 2055-05-01 Fixed 5.50000000 N N N N N N Alliancebernstein National Municipal Income Fund Inc MNYPOOOZYY8V01GEIT28 01864U106 133312.00000000 NS USD 1521089.92000000 1.551008323520 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035RQQ0 -5600000.00000000 PA USD -5600000.00000000 -5.71014671618 Short DBT MUN US Y 2 2033-02-15 Floating 2.95000000 N N N N N N California St Univ Revenue N/A 13077DSY9 2500000.00000000 PA USD 2690210.50000000 2.743124402218 Long DBT MUN US N 2 2053-11-01 Fixed 5.25000000 N N N N N N Nuveen Amt-free Municipal Value Fund 5493002K5IM2S29FUR04 670695105 899.00000000 NS USD 12927.62000000 0.013181894087 Long EC RF US N 1 N N N New Jersey St Transprtn Trust Fund Auth 549300YUVD5TEXR6L889 6461367M7 2330000.00000000 PA USD 2384957.01000000 2.431866864088 Long DBT MUN US N 2 2050-06-15 Fixed 5.00000000 N N N N N N Ishares National Muni Bond Etf 549300H21FUYFQW9N157 464288414 31348.00000000 NS USD 3373671.76000000 3.440028700331 Long EC RF US N 1 N N N Salt Lake City Ut Arpt Revenue 549300CRGKV67DRSGT85 795576HK6 4500000.00000000 PA USD 4587846.30000000 4.678084907913 Long DBT MUN US N 2 2043-07-01 Fixed 5.00000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035RUC6 -3000000.00000000 PA USD -3000000.00000000 -3.05900716938 Short DBT MUN US Y 2 2049-07-01 Floating 2.70000000 N N N N N N Eaton Vance Municipal Bond Fund 5493006Q4EBOXVQBQD12 27827X101 146489.00000000 NS USD 1459030.44000000 1.487728192103 Long EC RF US N 1 N N N Gtr Asheville Regl Arpt Auth Nc Arpt Sys Revenue N/A 39160CAT4 4000000.00000000 PA USD 4170339.60000000 4.252366245057 Long DBT MUN US N 2 2052-07-01 Fixed 5.50000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035UKS5 -2000000.00000000 PA USD -2000000.00000000 -2.03933811292 Short DBT MUN US Y 2 2034-02-15 Floating 2.70000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035GXN3 -3200000.00000000 PA USD -3200000.00000000 -3.26294098067 Short DBT MUN US Y 2 2031-06-01 Floating 2.67000000 N N N N N N Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust O7RPTBV08XOX3ZU53L78 401664107 20571.00000000 NS USD 297456.66000000 0.303307351840 Long EC RF US N 1 N N N Houston Tx Hotel Occupancy Tax & Spl Revenue 549300C64URYS0WQQY42 44237NMW9 3000000.00000000 PA USD 3226837.50000000 3.290306348980 Long DBT MUN US N 2 2058-09-01 Fixed 5.50000000 N N N N N N Blackrock Municipal 2030 Target Term Trust 549300TDIJ2J8F6X3N04 09257P105 61434.00000000 NS USD 1397623.50000000 1.425113435533 Long EC RF US N 1 N N N Michigan St Trunk Line CADMV8WVNQO7XM117W54 5946954N5 3000000.00000000 PA USD 3344587.50000000 3.410372380379 Long DBT MUN US N 2 2044-11-15 Fixed 5.50000000 N N N N N N Western Asset Intermediate Muni Fund 5493000MG5MROBD48K57 958435109 18876.00000000 NS USD 148554.12000000 0.151476039373 Long EC RF US N 1 N N N Blackrock Taxable Municipal Bond Trust SNYX4R2CEK5Q5D25DZ39 09248X100 156912.00000000 NS USD 2537267.04000000 2.587172688668 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs N/A 88035DZH1 -1650000.00000000 PA USD -1650000.00000000 -1.68245394316 Short DBT MUN US Y 2 2030-03-15 Floating 2.70000000 N N N N N N Putnam Municipal Opportunities Trust 549300M74BR4G95PSL96 746922103 71308.00000000 NS USD 751586.32000000 0.766369313764 Long EC RF US N 1 N N N Pimco California Municipal Income Fund M4DHYCROG6SFNO22X437 72200N106 106688.14000000 NS USD 956992.58000000 0.975815721089 Long EC RF US N 1 N N N Muni Elec Auth Of Georgia JA0WNILDDF2KUPS83B16 6262072T0 1000000.00000000 PA USD 1002167.50000000 1.021879189141 Long DBT MUN US N 2 2059-01-01 Fixed 5.00000000 N N N N N N Harris Cnty Tx Hosp Dist Ctfs Of Oblig N/A 41415UDF0 2500000.00000000 PA USD 2654163.25000000 2.706368136823 Long DBT MUN US N 2 2056-02-15 Fixed 5.25000000 N N N N N N Puerto Rico Cmwlth 549300X44HXPLJU48U63 74514L3L9 1010000.00000000 PA USD 1019652.87000000 1.039708479871 Long DBT MUN PR N 2 2035-07-01 Fixed 4.00000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035AE64 -3750000.00000000 PA USD -3750000.00000000 -3.82375896173 Short DBT MUN US Y 2 2052-08-01 Floating 2.73000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88034XXV9 -1745000.00000000 PA USD -1745000.00000000 -1.77932250352 Short DBT MUN US Y 2 2028-12-15 Floating 2.82000000 N N N N N N Pimco New York Municipal Income Fund Ii P1IBOVZHA4PI2PLT9Q65 72200Y102 50639.00000000 NS USD 359030.51000000 0.366092301372 Long EC RF US N 1 N N N Kentucky Bond Dev Corp Indl Bldg Revenue N/A 491211BQ0 4500000.00000000 PA USD 4661486.10000000 4.753173133297 Long DBT MUN US N 2 2044-09-01 Fixed 5.00000000 N N N N N N New Hope Cultural Edu Facs Fin Corp Tx Hosp Revenue N/A 645424BP6 3000000.00000000 PA USD 3273779.10000000 3.338171245961 Long DBT MUN US N 2 2049-08-15 Fixed 5.50000000 N N N N N N Clark Cnty Nv Wtr Reclamation Dist N/A 181070GB3 4000000.00000000 PA USD 4197176.40000000 4.279730899592 Long DBT MUN US N 2 2049-07-01 Fixed 5.00000000 N N N N N N Aberdeen Municipal Income Fund GV4WN51HRTKYT6CV5890 552738106 61694.09000000 NS USD 346720.76000000 0.353540430204 Long EC RF US N 1 N N N Port Auth Of New York & New Jersey Ny 54930006MR4KZ4W74Z83 73358XFS6 5000000.00000000 PA USD 5307548.50000000 5.411942971120 Long DBT MUN US N 2 2052-08-01 Fixed 5.50000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035MBX2 -1600000.00000000 PA USD -1600000.00000000 -1.63147049033 Short DBT MUN US Y 2 2032-11-01 Floating 2.80000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035TZD5 -2400000.00000000 PA USD -2400000.00000000 -2.44720573550 Short DBT MUN US Y 2 2034-03-01 Floating 2.70000000 N N N N N N New York St Transprtn Dev Corp Spl Fac Revenue N/A 650116JK3 2000000.00000000 PA USD 2178265.60000000 2.221110029075 Long DBT MUN US N 2 2050-06-30 Fixed 6.00000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035GGN2 -1600000.00000000 PA USD -1600000.00000000 -1.63147049033 Short DBT MUN US Y 2 2029-05-15 Floating 2.95000000 N N N N N N Puerto Rico Cmwlth Aqueduct &swr Auth Revenue N/A 745160TH4 3000000.00000000 PA USD 2922046.50000000 2.979520397592 Long DBT MUN PR Y 2 2042-07-01 Fixed 4.00000000 N N N N N N Nuveen Municipal High Income Opportunity Fund BN7VUB6JBYC7TTWZRZ58 670682103 129305.16000000 NS USD 1366755.55000000 1.393638342082 Long EC RF US N 1 N N N Neuberger Municipal Fund Inc 549300IIZWX8QVUHXO20 64124P101 102358.00000000 NS USD 1079876.90000000 1.101117059717 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A 88035GMW5 -2250000.00000000 PA USD -2250000.00000000 -2.29425537703 Short DBT MUN US Y 2 2044-11-15 Floating 2.70000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs N/A 88035DSM8 -4000000.00000000 PA USD -4000000.00000000 -4.07867622584 Short DBT MUN US Y 2 2030-01-01 Floating 2.82000000 N N N N N N Western Asset Managed Municipals Fund Inc 549300HVO8EY2T8K4F73 95766M105 130244.00000000 NS USD 1357142.48000000 1.383836192065 Long EC RF US N 1 N N N 2026-07-30 RiverNorth Flexible Municipal Income Fund Inc. Jonathan M. Mohrhardt Jonathan M. Mohrhardt Treasurer & Chief Financial Officer