Articles from RiverNorth Opportunities Fund, Inc.

RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Capital and Income Fund, Inc. are each pleased to announce the declaration of preferred dividends for the second quarter of 2023, as detailed below.

RiverNorth Opportunities Fund, Inc. (the “Fund”) (NYSERIV) today announced the preliminary results of its transferable rights offering (the “Offering”) that expired on November 8, 2022 (the “Expiration Date”). In the Offering, the Fund received subscription requests for 2,752,078 shares of common stock from rights holders. Accordingly, the Fund expects to issue 2,752,078 new shares of common stock for these subscriptions, pending the receipt of payment for “delivery-guaranteed” subscriptions, on or about November 10, 2022. Gross proceeds from the Offering are expected to total approximately $32.9 million, before expenses. Shares of common stock issued pursuant to the Offering will be record date shares for the purposes of the Fund's November 2022 distribution payable.

RiverNorth Opportunities Fund, Inc. (NYSERIV) (the “Fund”) announces that its Board of Directors (the “Board”) has authorized and set the terms of an offering to the Fund’s stockholders of rights to purchase additional shares of common stock of the Fund.