MetaCap

RiverNorth Flexible Municipal Income Fund II (RFMZ) vs BlackRock TCP Capital (TCPC)

Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.

Summary

RiverNorth Flexible Municipal Income Fund II (RFMZ) has outperformed BlackRock TCP Capital (TCPC) over the past year, losing 13.7% versus a loss of 28.9%. Over five years, RFMZ leads with a -45.9% price change compared with -71.6% for TCPC. BlackRock TCP Capital is the larger company by market cap ($336.5 million vs $279.6 million), about 1.2 times the size.

BlackRock TCP Capital pays a dividend yielding 20.95%, while RiverNorth Flexible Municipal Income Fund II does not currently pay one.

Summary generated from market data by MetaCap's automated system. Methodology

Relative performance

RFMZ-13.70%TCPC-28.92%
+12%-18%-47%
Oct 8, 20251 yearOct 8, 2026
RFMZ-44.28%TCPC-71.62%
+7%-37%-82%
Oct 4, 20215 yearsOct 5, 2026

Percent change in share price from the first common trading day shown; excludes dividends.

Head-to-head

RFMZ versus TCPC key metrics
MetricRFMZTCPC
Share price$11.48$4.01
Market cap$279.56M$336.45M
1-day change+1.23%-0.50%
YTD return-10.43%-26.33%
1-year return-13.70%-28.92%
5-year return-45.91%-71.62%
P/E ratio (TTM)7.17—
Forward P/E—9.66
EPS (TTM)$1.60$-1.28
Dividend yield8.51%20.95%
Annual dividend$0.00$0.84
52-week high$13.70$6.25
52-week low$11.31$3.08
Distance from 52-week high-16.20%-35.84%
Analyst consensus—hold
Avg. price target upside—+12.22%
Average volume73.27K743.61K
Shares outstanding24.35M83.90M
SectorFinanceFinance
IndustryFinance/Investors ServicesFinance/Investors Services

Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.

Key differences

  • RFMZ has outperformed TCPC by 15.2 percentage points over the past year.
  • BlackRock TCP Capital offers a meaningfully higher dividend yield (20.95% vs 8.51%).

About BlackRock TCP Capital

TCPC stock →

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments.

Finance · Finance/Investors Services

RFMZ vs TCPC FAQ

Which is bigger, RiverNorth Flexible Municipal Income Fund II or BlackRock TCP Capital?

BlackRock TCP Capital (TCPC) is larger, with a market capitalization of $336.45M compared with $279.56M for RiverNorth Flexible Municipal Income Fund II (RFMZ).

Which stock has performed better over the past year, RFMZ or TCPC?

RFMZ returned -13.70% over the past 12 months, compared with -28.92% for TCPC (price return, excluding dividends). Past performance does not predict future results.

Which pays a higher dividend, RiverNorth Flexible Municipal Income Fund II or BlackRock TCP Capital?

BlackRock TCP Capital has the higher yield at 20.95%, compared with 8.51% for RiverNorth Flexible Municipal Income Fund II.

Are RiverNorth Flexible Municipal Income Fund II and BlackRock TCP Capital in the same industry?

Yes. Both are classified in the Finance/Investors Services industry within the Finance sector.

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