RiverNorth Opportunities Fund, Inc. (RIV)

RiverNorth Opportunities Fund is profiled as a high-yield investment vehicle with a focus on dividend income. The article details RIV's portfolio, top 10 holdings, bond ratings and maturities, dividend structure, and tax considerations. Performance, risk factors, and valuation metrics for RIV are discussed to inform portfolio positioning.

RiverNorth Opportunities and its preferred stock (RIV.PR.A) offer high credit quality, stable structure, and trade at a discount to NAV. RIV's portfolio is heavily weighted toward SPACs and finance, with a 26.2% leverage ratio and a 4.21% expense ratio. RIV.PR.A carries an 'A1' Moody's rating, a 6% coupon, and currently yields above 6.4% with robust regulatory coverage.

RiverNorth Opportunities Fund offers a diversified, multi-asset closed-end fund strategy focused on income generation through CEFs, SPACs, BDCs, and ETFs. RIV yields 13.38%, with a significant portion of distributions as return of capital, raising tax considerations for investors depending on account type. Recent portfolio adjustments include reducing SPAC exposure and raising capital via new share issuance, but historical performance lags peers like SPE and FOF.

We review the CEF market valuation and performance through the second week of October and highlight recent market action. Closed-end fund market saw most sectors decline, with MLPs underperforming and Muni funds outperforming, as Treasury yields trended lower. Rights offerings are seemingly everywhere, with recent announcements from JGH and OPP; these typically cause short-term price drops and temporarily overstate discounts.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. are each pleased to announce the declaration of preferred dividends for the fourth quarter of 2025, as detailed below. Ex Date Record Date Payable Date November 3, 2025 November 3, 2025 November 14, 2025 Fund Name Preferred Stock Series NYSE Distribution Per Share RiverNorth Opportunities Fund, Inc. 6.000% Series A Perpetual Preferred Stock RIVPRA $0.37500 River.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc. (the “Fund”) (NYSE: RIV) today announced the final results of its transferable rights offering (the “Offering”). The Fund will issue a total of 5,899,015 new shares of common stock as a result of the Offering, which closed on October 6, 2025 (the “Expiration Date”). The subscription price of $11.95 per share in the Offering was established on the Expiration Date based on a formula equal to 92.5% of the reported net asse.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc. (the “Fund”) (NYSE: RIV) today announced the preliminary results of its transferable rights offering (the “Offering”) that expired on October 6, 2025 (the “Expiration Date”). In the Offering, the Fund received subscription requests for 5,906,588 shares of common stock from rights holders. Accordingly, the Fund expects to issue 5,906,588 new shares of common stock for these subscriptions, pending the receipt of payment f.

The RiverNorth Opportunities fund offers diversified exposure to CEFs, ETFs, SPACs, and BDCs, aiming for high monthly income and capital appreciation. RIV's 12.29% yield is supported by improved distribution coverage, but the recent dividend was slightly reduced; leverage and expense ratio are notable factors. Performance has lagged broader indices long-term; risks include interest rate and SPAC exposure.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the “Fund”) announces that its Board of Directors (the “Board”) has authorized and set the terms of an offering to the Fund's common stockholders of rights to purchase additional shares of common stock of the Fund. In this offering, the Fund will issue transferable subscription rights (“Rights”) to its common stockholders of record as of September 11, 2025 (the “Record Date” and such stockholders, “Record D.

US mutual funds trace their origin to 1924's Massachusetts Investors Trust, which was the first formalized US mutual fund entity.

The rebrand marks a major milestone following RIV Capital acquisition, signaling FLUENT's enthusiastic push into the Empire State's adult-use market The rebrand marks a major milestone following RIV Capital acquisition, signaling FLUENT's enthusiastic push into the Empire State's adult-use market

RiverNorth Opportunities employs a tactical, multi-asset strategy focused on CEFs, SPACs, and BDCs to exploit market inefficiencies and diversify risk. The fund has delivered strong but volatile returns, with deep drawdowns and a risk profile similar to equities. Currently, RIV trades close to its NAV and appears fairly valued, making it less attractive for new entry at this time.

The RiverNorth Opportunities Fund offers a 13.00% yield, significantly higher than major indices and comparable funds, making it attractive for income-focused investors. The RIV closed-end fund's hybrid strategy includes investing in closed-end funds, ETFs, BDCs, and SPACs, providing diversified exposure and high income. The fund invests mostly in American securities and investment companies, but it does have some foreign market exposure.

Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods.

The RiverNorth Opportunities Fund offers a high yield of 12.91%, significantly higher than most index funds, appealing to income-seeking investors. Despite recent underperformance, the fund's diversified investments in closed-end funds, ETFs, BDCs, and SPACs provide a strong income potential. The portfolio is mostly closed-end funds, with surprisingly limited exposure to BDCs right now.

Toronto, Ontario--(Newsfile Corp. - Le 19 décembre/December 2024) - The previously announced Plan of Arrangement has closed and Cansortium Inc., has acquired all the issued and outstanding Class A common shares of RIV Capital Inc. The common shares of RIV Capital Inc. will be delisted from the CSE at market close today, December 19, 2024. _________________________________ Le plan d'arrangement annoncé précédemment a été clôturé et Cansortium Inc. a acquis toutes les actions ordinaires de catégorie A émises et en circulation de RIV Capital Inc. Les actions ordinaires de RIV Capital Inc. seront radiées du CSE à la clôture des marchés aujourd'hui, le 19 décembre 2024.