RIVERNORTH OPPORTUNITIES FUND, INC. (RIV) SEC Filings

RiverNorth Opportunities Fund, Inc. (RIV) filed a post-effective amendment to its Form N-2 registration statement under the Securities Act of 1933 and the Investment Company Act of 1940. The amendment is filed pursuant to Rule 462(d) and became effective immediately upon filing.

The amendment does not change the fund’s prospectus disclosure; it is filed solely to add specific exhibits to the existing registration statement, including a Form of Subscription Certificate for a rights offering, a Form of Notice of Guaranteed Delivery for the rights offering, a Subscription Agent and Information Agent Agreement, and a Consent of Counsel. All other parts of the registration statement are incorporated by reference and remain unchanged.

RIVERNORTH OPPORTUNITIES FUND, INC. (RIV) is conducting a transferable rights offering to existing stockholders for up to 9,124,000 new common shares. Stockholders of record on August 31, 2026 receive one Right per share; three Rights allow purchase of one new share, with fractional shares not issued.

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 market average. The Fund uses an estimated price of $11.00 for payments during the subscription period. Rights trade on the NYSE under RIV.RT; the common shares trade as RIV. As of August 11, 2026, NAV per share was $12.22 and the market price was $11.65, a 4.66% discount.

If fully subscribed at $11.00, estimated gross proceeds are about $100.36 million, net proceeds about $100.09 million after $272,447 of offering expenses, increasing shares outstanding from 27,371,263 to 36,495,263. The Fund estimates NAV dilution of about $0.31 per share (2.54%) in the example. Stockholders who do not exercise Rights will be diluted in ownership and voting power but can sell Rights in the market. Proceeds will be invested over roughly three months under the Fund’s tactical strategy in other funds and SPACs, and the rights offering will increase the Adviser’s fee base.

RIVERNORTH OPPORTUNITIES FUND, INC. (RIV) and related RiverNorth closed‑end funds call a joint annual stockholder meeting for September 22, 2026 at 10:00 a.m. Eastern in West Palm Beach, Florida. Holders of record as of August 19, 2026 may vote.

The main business is electing Class III directors. For RIV, Patrick W. Galley is to be elected by common and preferred shares voting together, while David M. Swanson is elected by preferred shareholders only, each to serve until the 2029 annual meeting. All boards are classified into three staggered classes, and each fund’s board unanimously recommends voting FOR the nominees.

The filing describes board structure, independent Audit and Nominating and Corporate Governance Committees, director qualifications, and a risk oversight framework. It details director retainers and committee chair premiums, major beneficial holders exceeding 5% of RIV and OPP shares, auditor appointments (Cohen & Company, Ltd. for RIV), 2025–2026 audit and tax fees, voting standards (plurality of votes cast; 33⅓% quorum), and procedures for stockholder proposals and director nominations.

RiverNorth Opportunities Fund, Inc. filed Post-Effective Amendment No. 1 under the Securities Act and Post-Effective Amendment No. 42 under the Investment Company Act to its Form N-2 registration statement. The fund is a registered closed-end fund that may offer securities on a delayed or continuous basis in reliance on Rule 415. This filing, made pursuant to Rule 462(d), becomes effective upon filing and is limited to updating the exhibit list by adding Articles of Amendment, a Sub-Placement Agent Agreement, a Distribution Agreement, an abrdn Rule 12d1-4 Fund of Funds Investment Agreement, and a Consent of Counsel and auditor consent. No changes were made to the prospectus or statement of additional information, which are incorporated by reference.

RiverNorth Opportunities Fund, Inc. is launching an at-the-market offering of up to 15,000,000 Common Shares through ALPS Distributors, Inc., with UBS Securities LLC as sub-placement agent. Shares may be sold on the NYSE or through market makers, but never below the current NAV plus the 1.00% sales commission.

The Fund is a diversified closed-end fund aiming for total return via a tactical allocation to closed-end funds, ETFs, BDCs and SPACs, with at least 80% of Managed Assets normally in these Underlying Funds and SPACs. As of July 16, 2026, NAV per Common Share was $11.96 versus a closing market price of $11.53. The Fund may use leverage through preferred stock and a $25 million BNP Paribas credit facility, and currently carries preferred equity and borrowings representing about 23.40% of Managed Assets. A unified management fee of 1.30% of average daily Managed Assets covers most operating costs, while total annual expenses attributable to Common Shares are estimated at 5.11% of net assets, assuming leverage.

RiverNorth Opportunities Fund, Inc. filed a post-effective amendment to a Form N-2 shelf registration to offer up to $600,000,000 of Common Shares, Preferred Shares and/or subscription Rights in one or more offerings via prospectus supplements. The Fund pursues a tactical asset allocation strategy, investing under normal conditions at least 80% of Managed Assets in closed-end funds, ETFs, BDCs and SPACs.

The prospectus discloses portfolio and capital-structure context: 27,371,263 common shares outstanding and 3,910,000 Series A preferred shares as of February 27, 2026; NAV per common share $12.29, market price $12.03 (discount of -2.1%); leverage from borrowings and Series A preferred stock approximately 23.40% of Managed Assets. The Fund may use borrowings, preferred stock or derivatives subject to 1940 Act limits and Rule 18f-4.

RiverNorth Opportunities Fund, Inc. is registering up to $600,000,000 of common stock, preferred stock and subscription rights under a shelf prospectus, allowing multiple future offerings on customized terms. The diversified closed-end fund seeks total return through a tactical allocation to closed-end funds, ETFs, BDCs and SPACs, investing at least 80% of Managed Assets in these Underlying Funds and SPACs.

As of December 31, 2025, the fund’s common shares traded on the NYSE at $11.74 versus NAV of $12.54, a -6.4% discount. Existing leverage includes 3,910,000 shares of 6.00% Series A preferred stock and a BNP credit facility, with preferred leverage equal to 21.68% of Managed Assets. The fund employs a unified management fee of 1.30% of average daily Managed Assets and may further use borrowings and derivatives, which can magnify both gains and losses.

Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC filed a Schedule 13G reporting beneficial ownership in RiverNorth Opportunities Fund, Inc. (RIV).

They report beneficial ownership of 2,881,742 shares, representing 10.5% of the common stock. The firms have shared voting power over 2,881,742 shares and shared dispositive power over 2,881,742 shares, with no sole voting or dispositive power. The percentage is based on 27,371,263 shares outstanding as of June 30, 2025, adjusted for the rights offering dated October 6, 2025.

The shares are owned by client accounts advised by the firms, which certify they were acquired and are held in the ordinary course and not to change or influence control. The filers disclaim beneficial ownership under Rule 13d-4. The date of event is October 31, 2025.