RiverNorth Opportunities Fund, Inc.

RiverNorth Opportunities Fund, Inc. is a closed-end management investment company. Its investment objective is total return consisting of capital appreciation and current income. Its activities include investment in other underlying funds not classified as closed-end funds and exchange-traded notes and cash and cash equivalents; and securities lending. The company was founded on September 9, 2010 and is headquartered in Denver, CO.

RiverNorth Opportunities Fund, Inc. is a closed-end management investment company. Its investment objective is total return consisting of capital appreciation and current income. Its activities include investment in other underlying funds not classified as closed-end funds and exchange-traded notes and cash and cash equivalents; and securities lending. The company was founded on September 9, 2010 and is headquartered in West Palm Beach, FL.

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RiverNorth Capital and Income Fund

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have declared distributions for April, May and June 2024, as detailed below. Ex Date Record Date Payable Date April 12, 2024 April 15, 2024 April 30, 2024 May 14, 2024 May 15, 2024 May 31, 2024 June 14, 2024 June 14, 2024 June 28, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as of 3/28/2024 Annualized Curr.

RiverNorth Closed-End Funds Declare Monthly Distributions

RiverNorth Opportunities fund continues to trade at an attractive valuation relative to its historical level. The fund is highly diversified, with the largest exposure in other closed-end funds, and offers a multi-asset approach with an attractive distribution rate. The fund looks relatively attractive; however, it is overdue for a rights offering that it had done annually - a rights offering could see the discount widen further.

RIV: Attractive Discount, But Could Get More Attractive

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Work smarter, not harder, the adage tells us. One way to do that is with passive income, which is derived from ownership rather than labor or active involvement in an enterprise.

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I have added abrdn Global Infrastructure Income Fund and RiverNorth Opportunities Fund to my portfolio. RIV is a fund of funds that invests in various types of investments, including BDCs, CEFs, and SPACs. RIV offers a high yield and monthly distributions, and currently trades at a discount to NAV, making it an attractive option for income investors.

RIV: Increase Your Cash Stream With RiverNorth's 13.5% Level Distribution

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abrdn, a UK-based fund manager, has been aggressively acquiring and merging closed-end funds aka CEFs from other managers to expand its offerings. CEFs have advantages over traditional dividend-paying stocks and offer a wide range of asset types and classes.

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Several high-yielding closed-end funds have announced increased monthly distributions for 2024. The funds mentioned have a forward annual yield exceeding 10%, except for one that yields 9.5%.

5 High Yield CEFs That Raised Distributions In 2024

RIV is a "fund of funds," meaning it invests in other closed-end funds (CEFs), business development company (BDC) debt, exchange-traded funds (ETFs), and special purpose acquisition companies (SPACs). RIV's performance has been influenced by interest rates, and it tends to perform poorly in years when rates are rising. It aims to benchmark itself against the S&P 500. The fund's largest allocation is in CEFs (59%), followed by 14% in BDC debt and equity, 10% in SPACs, and it also has a short position in the S&P 500.

RIV: Fund Of Funds, 15% Yield

High inflation is a major problem in the U.S., pushing up the cost of living and putting pressure on household budgets. Investors can earn income by purchasing shares of closed-end funds like the RiverNorth Opportunities Fund. The RIV closed-end fund uses leverage and a unique strategy to boost its effective yield, but it comes with higher risk and uncertain distribution sustainability.

RIV: This 13.73%-Yielding CEF Has Unique Qualities, But Be Careful Of Leverage

RiverNorth Opportunities Fund is trading at an attractive discount, with a diverse portfolio and exposure to fixed income, SPACs, investment company bonds, and equity. The fund's discount and underlying CEFs' discounts provide potential upside, but leverage increases risks and adds volatility. RIV is not a set-and-forget investment but should be traded around between its discounts/premiums and rights offerings.

RIV: A Tempting Discount

Investors are desperate for new sources of income to maintain their lifestyles in the face of a rapidly-rising cost of living. RIV invests in SPACs, BDCs, and CEFs, which allows it to add a great deal of diversification to an ordinary stock and bond portfolio.

RIV: A Unique CEF To Boost Your Income

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Imagine stocks or funds that pay out their dividends once a month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300%, or more! These March U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by-yield (94); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by yield >8.69% (80).

94 Monthly Paying Dividend Stocks And 80 Funds For March

RIV invests in a portfolio of CEFs, BDCs, and other very high-yielding assets to try and give investors an outsized yield. The fund's mix of bonds and common equity would have been an advantage in years past but that is not the case today.

RIV: Unique Strategy And Beats The Market, But Concern About The Distribution

The RIV fund tactically invests in CEFs and other funds to exploit inefficiencies. RIV has been relatively successful, with 5Yr average annual total returns of 4.5%.

RIV: Modest Returns But 12% Yield Will Lead To Shrinking NAV

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Imagine stocks or funds that pay-out their dividends once-a-month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300%, or more! These January U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by-yield (101); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by-yield >8.69% (80).

101 Monthly Paying Dividend Stocks And 80 Funds For January

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2 out of 23 CEF sectors positive on price and 4 out of 23 sectors positive on NAV last week. DEX will merge with AGD.

Weekly Closed-End Fund Roundup: DEX Will Merge With AGD, Tender Next January (December 11, 2022)

RiverNorth Opportunities Fund, Inc. is fairly unique among closed-end funds as it invests primarily in SPACs, BDCs, and other funds. The fund is reasonably well-balanced between common equity and fixed income, which should provide a balance between safety and return potential.

RIV: Nice Yield But Questions About Sustainability

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Pimco Municipal Income Fund II

Putnam Municipal Opportunities Trust

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22 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. All sectors were positive last week.

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Tortoise MLP Fund

PCM Fund

Pimco California Municipal Income Fund

Tortoise Power and Energy Infrastructure Fund

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12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.

Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022)

WEST PALM BEACH, Fla.--( BUSINESS WIRE )--RiverNorth Opportunities Fund, Inc. (the “Fund”) (NYSE: RIV) today announced the final results of its transferable rights offering (the “Offering”). The Fund will issue a total of 2,752,078 new shares of common stock as a result of the Offering, which closed on November 8, 2022 (the “Expiration Date”).

RiverNorth Opportunities Fund, Inc. Announces Final Results of Rights Offering

RiverNorth Opportunities Fund, Inc. Announces Preliminary Results of Rights Offering

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New Ireland Fund Inc

Madison Fund

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16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

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0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.

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RIV's rights offering is announced. The subscription floor is 95% of NAV, which places a limit on dilution.

RIV Rights Offering Quick Notes

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the “Fund”) announces that its Board of Directors (the “Board”) has authorized and set the terms of an offering to the Fund's stockholders of rights to purchase additional shares of common stock of the Fund. In this offering, the Fund will issue transferable subscription rights (“Rights”) to its stockholders of record as of October 14, 2022 (the “Record Date” and such stockholders, “Record Date Stockholders

RiverNorth Opportunities Fund, Inc. Announces Transferable Rights Offering

OPP and RIV have initiated rights offerings rather regularly. OPP is coming close to finishing up its rights offerings, now it is RIV's turn.

OPP And RIV: Time For A Swap

News for RiverNorth Opportunities Fund, Inc. ETF (RIV)