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RiverNorth Opportunities Fund, Inc. is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc. and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc. was formed on December 24, 2015 and is domiciled in the United States.
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Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. are each pleased to announce the declaration of preferred dividends for the fourth quarter of 2026, as detailed below. Ex Date Record Date Payable Date November 2, 2026 November 2, 2026 November 13, 2026 Fund Name Preferred Stock Series NYSE Distribution Per Share RiverNorth Opportunities Fund, Inc. 6.000% Series A Perpetual Preferred Stock RIVPRA $0.37500 River.
CEFs had a weak week: just 3 of 26 sectors rose on price (average -1.99%) and 6 of 26 on NAV (average -1.18%). RiverNorth Opportunities Fund (RIV) announced the final results of its rights offering, while Aberdeen's MGF and MIN announced upcoming reverse stock splits. Sector Equity traded at the highest premium (+4.43%) and Senior Loans at the widest discount (-14.57%), while Limited Duration had the lowest average 1-year z-score (-2.88).
RiverNorth Opportunities Fund issued 3,356,796 new shares at $10.49, 90% of NAV, raising about $35.2 million in its 1-for-3 rights offering. Only about 37% of the possible new shares were subscribed, limiting NAV dilution to roughly -1.2% versus a -2.5% full-subscription estimate. The offering carried no sales load, with only about $272,000 of estimated expenses borne by the fund.
RiverNorth Opportunities Fund offers a compelling arbitrage opportunity after a recent rights offering and a sharp spike in yields. RIV now trades at a -10.7% discount to NAV, near historic lows, following a -10% price drop since August 2026. The fund raised $35M (about 10% of AUM) via the rights offering, providing fresh capital to deploy amid market dislocation.
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 3,356,796 new shares of common stock as a result of the Offering, which closed on September 23, 2026 (the “Expiration Date”). The subscription price of $10.49 per share in the Offering was established on the Expiration Date based on a formula equal to 90% of the reported net ass.