RiverNorth Opportunities Fund, Inc. (RIV) reports developments for a diversified closed-end management investment company with an investment objective of total return through capital appreciation and current income. News commonly covers common-share distributions, preferred-share dividends on its 6.000% Series A Perpetual Preferred Stock, and distribution-source disclosures tied to fund payments.
Company updates also address transferable rights offerings, NAV-based subscription pricing, changes to common shares outstanding, and capital-structure matters for the secondary-market-traded closed-end fund. Governance and shareholder voting items appear alongside operating and financial results and updates involving RiverNorth Capital Management, LLC.
RiverNorth Opportunities Fund (RIV) will issue 3,356,796 new common shares following the close of its rights offering on September 23, 2026.
The subscription price was $10.49 per share, set at 90% of the reported net asset value per share on the expiration date. The fund expects approximately $35.2 million in gross proceeds before offering expenses. It had 27.4 million common shares outstanding as of August 31, 2026.
RiverNorth Opportunities Fund (RIV) received requests for 3,356,796 common shares in its rights offering, which expired September 23, 2026.
The fund expects to issue those shares on or about September 28, pending payment for delivery-guaranteed subscriptions. It expects approximately $35.2 million in gross proceeds before expenses. The final subscription price is $10.49 per share, based on 90% of the reported net asset value of $11.65 per share on the expiration date. The results are preliminary.
RiverNorth Opportunities Fund (RIV) has closed a private offering of $75 million of Series B Mandatory Redeemable Preferred Shares (MRPS) due September 18, 2031, carrying a 6.476% dividend rate and an A1 Moody’s rating.
Net proceeds will be used primarily to refinance existing debt and to make new portfolio investments. The fund is a closed‑end fund with approximately $332.3 million of net assets and 27.4 million common shares outstanding as of August 31, 2026. RiverNorth, the adviser, states that the MRPS structure is expected to provide added flexibility to pursue investment opportunities while seeking to deliver value for shareholders.
RiverNorth Opportunities Fund (NYSE: RIV) has authorized a transferable rights offering for common stockholders of record on August 31, 2026. Each stockholder will receive one Right per share held, and three Rights will allow the purchase of one new share in the primary subscription.
The subscription price will be the higher of 90% of NAV or 95% of market price on the September 23, 2026 expiration date, based on a five‑day average market price. Rights are expected to trade on NYSE as RIV RTWI on a when‑issued basis from August 28, 2026 and as RIV RT regular way from September 4, 2026. Fully subscribing holders may also over‑subscribe for any unsubscribed shares. New shares issued in the offering will be excluded from September 2026 distributions but included in October 2026 distributions.
RiverNorth Opportunities Fund and RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE: OPP) declared third-quarter 2026 preferred dividends. The ex-dividend and record date for all series is August 3, 2026, with payment on August 14, 2026.
Declared quarterly distributions per share are: RIVPRA $0.37500; OPPPRA $0.27344; OPPPRB $0.29688; OPPPRC $0.15000.
RiverNorth Opportunities Fund, Inc. (NYSE:OPP) announced preferred dividend declarations for Q2 2026 across multiple series and funds. Ex/Record Date: May 1, 2026; Payable Date: May 15, 2026.
Declared distributions per share: RIVPRA $0.37500; OPPPRA $0.27344; OPPPRB $0.29688; OPPPRC $0.15000.
RiverNorth Opportunities Fund (NYSE: RIV) announced final results of a transferable rights offering that closed on October 6, 2025. The Fund will issue 5,899,015 new common shares at a subscription price of $11.95 per share, set at 92.5% of reported net asset value. Gross proceeds before expenses are expected to total approximately $70.5 million. As of September 30, 2025, the Fund reported $275.3 million of net assets and 21.5 million shares outstanding. The Fund is a closed-end fund and now trades on the secondary market; investors must transact through a broker.
RiverNorth Opportunities Fund (NYSE: RIV) reported preliminary results of its transferable rights offering that expired on October 6, 2025. Rights holders subscribed for 5,906,588 new shares, and the Fund expects to issue those shares on or about October 10, 2025, pending payment validation. Gross proceeds are expected to be approximately $70.6 million before expenses. The final subscription price was $11.95, set at 92.5% of the Fund's NAV per share of $12.92 on the expiration date. No excess payments will be returned. The Fund had about $275.3 million net assets and 21.5 million shares outstanding as of September 30, 2025. Final offering results will be announced on or about October 8, 2025.
RiverNorth Opportunities Fund (NYSE: RIV) has announced a transferable rights offering to its common stockholders. Record Date Stockholders as of September 11, 2025 will receive one right for every share held, with the ability to purchase one new share for every three rights. The subscription price will be set at 92.5% of NAV or 95% of market price, whichever is higher on the expiration date of October 6, 2025.
The rights will be tradable on NYSE under ticker RIV.RT. The Fund, which had approximately $268.5 million in net assets and 21.5 million shares outstanding as of July 31, 2025, aims to provide total return through capital appreciation and current income.
RiverNorth Opportunities Fund (NYSE: RIV) announced that its Board of Directors approved a change in its fiscal year end. Effective May 14-15, 2024, the fiscal year end will shift from July 31 to June 30. This adjustment aims to enhance operational efficiencies and reduce costs by aligning with the fiscal year ends of other closed-end funds in the RiverNorth complex.