RIV Overview

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.

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.

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.

Dividend Declaration: RiverNorth Opportunities Fund (RIV) has declared a monthly dividend of $0.1277 per share, with a forward yield of 12.44%.

Payment Schedule: The dividends are payable on July 31, August 29, and September 30 for shareholders of record on July 15, August 15, and September 15, respectively.

Distribution Dates and Policies: RiverNorth closed-end funds have set distribution dates for July, August, and September 2025, with payments subject to Board approval. Shareholders can choose between receiving additional shares or cash for their distributions.

Tax Implications and Fund Performance: The funds maintain a level distribution policy, but portions of the distributions may be subject to taxes and could include returns of capital, which do not reflect investment performance. Investors are advised to consult tax professionals regarding their specific situations.