Here are the 424B prospectus supplements from RiverNorth Opportunities Fund, Inc. (RIV) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow RIV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RIV filings page.
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. 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.