The RiverNorth Opportunities Fund, Inc. is a diversified, closed-end management investment company registered under the Investment Company Act of 1940, with an investment objective of achieving total return through both capital appreciation and current income. It employs a tactical asset allocation strategy, primarily investing in closed-end funds, ETFs, business development companies (BDCs), and special purpose acquisition companies (SPACs). Under normal market conditions, at least 80% of its managed assets are allocated to these underlying funds and SPACs. The fund actively adjusts allocations based on market opportunities and seeks to capitalize on pricing inefficiencies, such as discounts in closed-end funds. It is managed by RiverNorth Capital Management, LLC.
News and Notices
RiverNorth Capital Management, LLC
2010
'40 Act
Exchange-Traded BDC
USD
1.30%
June 30
News and Notices
Portfolio Holdings
Portfolio Composition
Growth
Capital Flows
Share Classes
Returns
Fees
Ownership
Operating Metrics
Per Page
10
Notices
Nov 18, 2024
17:29
Debt Issuances, Marketing Materials, Subscriptions
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RiverNorth Opportunities Fund issued $75 million of Series B Mandatory Redeemable Preferred Stock due September 18, 2031, with a 6.476% dividend rate and a Moody’s A1 rating. Proceeds are intended primarily to refinance existing debt and make new portfolio investments.
Jul 28, 2024
16:52
Marketing Materials, Ownership, Subscriptions
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RiverNorth Opportunities Fund is issuing subscription entitlements to August 31, 2026 stockholders for up to 9.1 million shares, increasing shares outstanding from 27.4 million to 36.5 million if fully exercised. Non-exercising stockholders face ownership dilution.
Nov 21, 2024
17:22
Personnel
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RiverNorth closed-end funds scheduled a September 22, 2026 annual stockholder meeting for eight vehicles to re-elect Independent Director David M. Swanson and Chairman and President Patrick W. Galley. Record stockholders on August 19, 2026 may vote by mail or in person.
Jan 20, 2026
17:37
Compliance
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RiverNorth Opportunities Fund reported its 2026 annual voting record, listing no other included managers and no series for the year ended June 30, 2026.
Oct 14, 2025
17:29
Subscriptions
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RiverNorth Opportunities Fund increased authorized stock from 37.5 million to 50 million shares and arranged at-the-market sales of up to 15 million common shares, with sales priced at least at net asset value plus a 1.00% commission.
Mar 14, 2025
16:26
Fees, Marketing Materials, Subscriptions
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RiverNorth Opportunities Fund may sell up to 15 million common shares through ALPS Distributors, with UBS Securities assisting placement, at a 1.00% commission. Sales cannot occur below net asset value plus the applicable commission.
Jun 12, 2025
16:59
Marketing Materials, Subscriptions
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RiverNorth Opportunities Fund authorized a rights offering for August 31, 2026, stockholders: one right per share, one new share per three rights, priced at the higher of 90% of net asset value or 95% of market price.
Dec 17, 2025
00:15
Other
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RiverNorth Opportunities Fund’s registration statement was declared effective under the Securities Act on June 16, 2026 at 1:00 p.m., covering file number 333-293325.
Sep 09, 2025
21:11
Marketing Materials, Subscriptions
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RiverNorth Opportunities Fund registered a $600 million delayed or continuous offering of common stock, preferred stock and subscription rights. Investors may see future offerings with pricing, fees and terms set in prospectus supplements.
Jul 03, 2024
14:07
Ownership
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Sit Investment Associates and Sit Fixed Income Advisors II disclosed shared voting and dispositive power over 2.9 million RiverNorth Opportunities Fund common shares, representing 10.5% ownership. The shares are held for client accounts, not to change or influence control.
Preview
RiverNorth Opportunities Fund
RiverNorth Capital Management, LLC is responsible for managing RiverNorth Opportunities Fund.
RiverNorth Opportunities Fund launched in 2010.
RiverNorth Opportunities Fund is registered as a '40 Act fund.
RiverNorth Opportunities Fund is structured as a Exchange-Traded BDC fund.
You can invest in RiverNorth Opportunities Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
Shares of RiverNorth Opportunities Fund can be purchased in USD.
RiverNorth Opportunities Fund's fiscal year end is June 30.
RiverNorth Opportunities Fund's net asset value was $324.1 million and its portfolio had a fair value of $417.5 million as of March 31, 2026.
Among other deal types, RiverNorth Opportunities Fund primarily makes Public Market Investments.
Among other asset classes, RiverNorth Opportunities Fund primarily invests in Public Equity.
Among other regions, RiverNorth Opportunities Fund primarily invests in the USA.
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