RiverNorth Opportunities Fund, Inc. Announces Transferable Rights Offering
In this offering, the Fund will issue transferable subscription rights (“Rights”) to its stockholders of record as of
Record Date Stockholders who fully exercise all Rights initially issued to them in the Primary Subscription will be entitled to buy those shares of common stock that are not purchased by other Record Date Stockholders.
The subscription price per share of common stock will be determined based upon a formula equal to
The rights offering will be made pursuant to the Fund’s currently effective shelf registration statement on file with the
This press release shall not constitute an offer to sell or constitute a solicitation of an offer to buy.
The investment objective of the Fund is total return consisting of capital appreciation and current income. The Fund had approximately
The Fund is a closed-end fund and does not continuously issue stock for sale as open-end mutual funds do. The Fund now trades in the secondary market. Investors wishing to buy or sell stock need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market value.
Risk is inherent in all investing. Investing in any investment company security involves risk, including the risk that you may receive little or no return on your investment or even that you may lose part or all of your investment. Therefore, before investing in the shares of common stock, you should consider the risks as well as the other information in the prospectus, annual report and semi-annual report.
Past performance is no guarantee of future results.
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. To obtain a copy of the prospectus supplement and accompanying prospectus, when available, or the Fund’s annual report or semi-annual report, each of which contains this and other information about the Fund, visit www.rivernorth.com or call 844.569.4750. Please read them carefully before investing.
RiverNorth is an investment management firm founded in 2000 that specializes in opportunistic strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is the manager to multiple registered and private funds.
Not FDIC Insured | May Lose Value | No Bank Guarantee
RiverNorth® is a registered trademark of
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RVC000386
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Investor Contact
312.445.2336
clakumb@rivernorth.com
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