RiverNorth Opportunities Fund, Inc. Declares Transferable Rights Offering

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: Aug 25 2025

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Source: Newsfilter

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.

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Analyst Views on RIV

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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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.

RiverNorth Funds Propose 2026 Distribution Rate Adjustments

Jan 02 2026Businesswire

Distribution Policy Update: RiverNorth Funds propose a 2026 distribution rate of 12.50% for RIV and 6.75% for RMI, RMM, RFM, RFMZ, and RMMZ, which aims to provide investors with stable cash flow and enhance investment appeal.
Distribution Dates Set: The distribution dates for January, February, and March 2026 are established as January 30, February 27, and March 31, ensuring timely returns for investors and improving liquidity.
Tax Implications Explained: A portion of the distributions may involve return of capital, with RIV estimating that 70.89% of its distribution comes from current year net investment income and 29.11% from capital return, impacting investors' tax planning and return expectations.
Investor Flexibility Options: Investors can choose to receive additional shares through a dividend reinvestment plan or cash distributions, which will help enhance shareholder engagement and market participation.

RiverNorth Opportunities Fund, Inc. Reveals Initial Outcomes of Rights Offering

Oct 07 2025Newsfilter

Offering Results: RiverNorth Opportunities Fund announced preliminary results of its rights offering, receiving subscription requests for 5,906,588 shares, with expected gross proceeds of approximately $70.6 million.
Subscription Price: The final subscription price per share was set at $11.95, based on 92.5% of the Fund's net asset value, which was higher than the initial estimate, resulting in no excess payments to rights holders.

RiverNorth Opportunities Fund announces dividend of $0.1277

Oct 02 2025SeekingAlpha

Dividend Declaration: RiverNorth Opportunities Fund (RIV) has declared a monthly dividend of $0.1277 per share.
Payment Schedule: The dividend is payable on October 31, November 28, and December 31, with respective record dates of October 15, November 14, and December 15.