Rights Offering Announcement: RiverNorth Opportunities Fund, Inc. has authorized a rights offering for its common stockholders, allowing them to purchase additional shares through transferable subscription rights.
Subscription Details: Record Date Stockholders will receive one Right for each share held, enabling them to buy one new share for every three Rights owned. The subscription price will be based on a formula related to net asset value or market price.
Expiration and Trading: The subscription period will end on October 6, 2025, unless extended, and the Rights will be listed on the NYSE under the ticker RIV.RT.
Investment Risks: Investing in the Fund involves risks, including potential loss of investment, and interested investors are encouraged to read the prospectus supplement and accompanying documents carefully before investing.
Wall Street analysts forecast RIV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RIV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast RIV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RIV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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0 Sell
Current: 11.900
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Current: 11.900
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About RIV
RiverNorth Opportunities Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds, exchange-traded funds (ETFs), business development companies (BDCs) and special purpose acquisition companies (SPACs). The Fund intends to maintain long positions in underlying Funds but may engage in short sales for investment purposes. ALPS Advisors, Inc. (AAI) serves as the Fund’s investment adviser. RiverNorth Capital Management, LLC (RiverNorth) is the investment sub-adviser of the Fund.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
