RiverNorth Opportunities Fund Announces Preliminary Rights Offering Results, Raises $70.6 Million

RiverNorth Opportunities Fund has announced the preliminary results of its transferable rights offering, with a total of 5,906,588 shares of common stock subscribed for, resulting in gross proceeds of approximately $70.6 million. The final subscription price per share was $11.95, higher than the original estimated price of $11.71. The shares issued will be record date shares for the October 2025 distribution payable.

RiverNorth Opportunities Fund, Inc. (NYSE: RIV) has announced the preliminary results of its transferable rights offering, which expired on October 6, 2025. The Fund received subscription requests for 5,906,588 shares of common stock from rights holders, expecting to issue 5,906,588 new shares of common stock for these subscriptions, pending the receipt of payment for "delivery guaranteed" subscriptions, on or about October 10, 2025. Gross proceeds from the offering are expected to total approximately $70.6 million, before expenses RiverNorth Opportunities Fund, Inc. Announces Preliminary Results of Rights Offering^[1].

The final subscription price per share was determined to be $11.95, higher than the original estimated price of $11.71 per share. The subscription price was established pursuant to the terms of the offering and based on a formula equal to 92.5% of the Fund’s reported net asset value (NAV) per share on the Expiration Date. The NAV per share used in the formula was $12.92 RiverNorth Opportunities Fund, Inc. Announces Preliminary Results of Rights Offering^[1].

Shares of common stock issued pursuant to the Offering will be record date shares for the purposes of the Fund's October 2025 distribution payable. The Fund will announce the final results of the Rights Offering in a press release on or about October 8, 2025 RiverNorth Opportunities Fund, Inc. Announces Preliminary Results of Rights Offering^[1].

RiverNorth Opportunities Fund, Inc. is a closed-end investment company focused on generating total returns through capital appreciation and income strategies. The Fund had approximately $275.3 million of net assets and 21.5 million shares of common stock outstanding as of September 30, 2025 RiverNorth Opportunities Fund, Inc. Announces Preliminary Results of Rights Offering^[1].

RiverNorth Capital Management, LLC is an independent investment manager and closed-end fund expert specializing in opportunistic strategies and structures built to exploit market inefficiencies. The firm manages $4.9 billion in assets in registered funds, private funds, and separately managed accounts Rivernorth Opportunities Fund Inc Stock Price, News & Analysis^[2].

Investors should read the prospectus supplement and accompanying prospectus, when available, and consider the investment objective, risks, fees, and expenses of the Fund carefully before investing. Past performance is no guarantee of future results.