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.

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

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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.

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DENVER , July 28, 2022 /PRNewswire/ -- RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the "Fund") is pleased to announce that at a meeting held on July 27, 2022, the Fund's Shareholders approved a new investment advisory agreement with RiverNorth Capital Management, LLC ("RiverNorth"). The new investment advisory agreement with RiverNorth will take effect on or about October 1, 2022.

RIVERNORTH OPPORTUNITIES FUND, INC. ANNOUNCES SHAREHOLDER APPROVAL OF INVESTMENT ADVISORY AGREEMENT WITH RIVERNORTH CAPITAL MANAGEMENT

I like to put money in closed-end funds from time-to-time. RiverNorth Opportunities is a popular closed-end fund because it performs well.

RIV: Strong Fund To Buy When The Time Is Right

RIV's premium continues to push higher despite the rocky year for most investments. The yield on this fund has also been increasing even though the premium has been rising; it has been due to NAV falling faster than the share price.

RIV: Premium Pushes Higher For This High Yielder

DENVER , April 12, 2022 /PRNewswire/ -- RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the "Fund") today announced that it has priced an underwritten public offering of 3,400,000 shares of 6.00% Series A Perpetual Preferred Stock (the "Preferred Stock") at a public offering price of $25.00 per share, which will result in net proceeds to the Fund of approximately $81,877,500 after payment of underwriting discounts and commissions and estimated offering expenses payable by the Fund. In addition, the Fund has granted the underwriters a 30-day option to purchase up to an additional 510,000 shares of Preferred Stock to cover overallotments, if any.

RIVERNORTH OPPORTUNITIES FUND, INC. PRICES OFFERING OF PREFERRED STOCK

Transformative transaction will include one of only 10 vertically integrated licences in New York and four active dispensaries with plans to bolster operations in advance of adult-use market Names Mark Sims, former SVP of Strategy and M&A for the Scotts Miracle-Gro Company, as President and CEO The Hawthorne Collective to advance an additional US$25 million to RIV Capital concurrently with transaction, deepening relationship and adding to RIV Capital's balance sheet TORONTO , March 30, 2022 /PRNewswire/ - RIV Capital, Inc. (CSE: RIV) (OTC: CNPOF) ("RIV Capital") today announced a definitive agreement to acquire ownership and control of Etain LLC and Etain IP LLC, owners and operators of legally licensed cannabis cultivation and retail dispensaries in the state of New York. RIV Capital will acquire ownership and control of the Etain companies for approximately US$247 million, payable through a combination of cash and newly issued Class A common shares of RIV Capital, subject to, among other things, receipt of all required regulatory approvals, including from the New York Cannabis Control Board and the New York State Office of Cannabis Management.

RIV Capital to acquire New York-based Etain, names new CEO to lead entry and expansion in U.S. cannabis market

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DENVER , March 17, 2022 /PRNewswire/ -- RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the "Fund") is pleased to announce the Fund's Board of Directors have approved a new investment advisory agreement with RiverNorth Capital Management, LLC ("RiverNorth"), subject to shareholder approval. The Fund's current investment adviser, ALPS Advisors and RiverNorth, the Fund's current subadviser made the recommendation to the Board of Directors at a meeting held on March 17, 2022.

RIVERNORTH OPPORTUNITIES FUND, INC. ANNOUNCES APPROVAL OF INVESTMENT ADVISORY AGREEMENT WITH RIVERNORTH CAPITAL MANAGEMENT

In 2021, shareholders of RIV voted on whether or not they would like to convert to an open-ended fund. As RIV is still a CEF trading on the public market, suffice it to say, shareholders declined the conversion.

RIV: Survived 2021 And Distribution Maintained For Another Year

DENVER, Nov. 10, 2021 /PRNewswire/ -- RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the "Fund") is pleased to announce the successful completion of its transferable rights offering (the "Offering") and the final results thereof. The Fund will issue a total of 4,373,407 new common shares as a result of the Offering, which closed on November 5, 2021 (the "Expiration Date").

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

DENVER, Nov. 8, 2021 /PRNewswire/ -- RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the "Fund") is pleased to announce the preliminary results of its transferable rights offering (the "Offering") which expired on November 5, 2021 (the "Expiration Date").  In the Offering, the Fund received subscription requests for 5,228,431 shares of common stock from rights holders.

Rivernorth Opportunities Fund, Inc. Announces Preliminary Results Of Rights Offering

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RIV's offering is unlikely to be undersubscribed.

RIV: Quick Notes On Rights Offering

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RIV: Solid Fund With Good Strategies Issuing Rights At A Slight Discount

DENVER, Sept. 22, 2021 /PRNewswire/ -- 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.

RiverNorth Opportunities Fund, Inc. Announces Rights Offering

The RiverNorth Opportunities Fund invests across a diversified portfolio of CEFs through a "fund-of-funds" strategy. We highlight that the share price spread to NAV has climbed into a historically high premium, making the fund relatively expensive.

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RIV has a conversion feature that will allow shareholders to vote this year on whether to convert to open-end or stay closed-end. Due to the fund's slight premium and high managed distribution rate, I don't believe there will be an enthusiasm to convert.

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