Thrivent discloses 10% preferred stake in RIV

Thrivent Financial for Lutherans discloses a sizable direct holding of RIV’s Series B mandatory redeemable preferred shares as a ten percent owner.

Available on EDGAR 09/21/2026 - 05:25 PM EDT Accepted by SEC EDGAR 09/21/2026 - 05:25 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

RIVERNORTH OPPORTUNITIES FUND, INC. (RIV) has a new Form 3 reporting that Thrivent Financial for Lutherans is a ten percent owner. Thrivent reports direct beneficial ownership of 740,000 Mandatory Redeemable Preferred Shares, Series B as of September 18, 2026. The filing lists this position as a holding, with no purchase or sale activity reported.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider THRIVENT FINANCIAL FOR LUTHERANS

Role 10% Owner

Type	Security	Shares	Price	Value
Holding	Mandatory Redeemable Preferred Shares, Series B	--	--	--

Holdings: Mandatory Redeemable Preferred Shares, Series B — 740,000 shares (Direct)

Key Figures

Preferred shares held: 740,000 shares Security class: Mandatory Redeemable Preferred Shares, Series B Ownership type: Direct beneficial ownership +1 more

4 metrics

Preferred shares held 740,000 shares Mandatory Redeemable Preferred Shares, Series B reported as directly owned after the holding entry dated September 18, 2026

Security class Mandatory Redeemable Preferred Shares, Series B Class of RIV securities beneficially owned by Thrivent Financial for Lutherans

Ownership type Direct beneficial ownership Ownership of the 740,000 Series B mandatory redeemable preferred shares is reported as direct

Insider status Ten percent owner Thrivent Financial for Lutherans is designated as a ten percent owner of RiverNorth Opportunities Fund, Inc.

Key Terms

Mandatory Redeemable Preferred Shares, Series B, ten percent owner

3 terms

Mandatory Redeemable Preferred Shares financial

"Thrivent reports ownership of Mandatory Redeemable Preferred Shares, Series B"

A share that pays a fixed return and must be bought back by the issuer at a set time or upon a predetermined event, combining features of stock and a loan. It matters to investors because holders get priority on payments and a promised repayment date—like lending money with a scheduled payback—so these shares limit upside from company growth but reduce risk compared with ordinary shares and can affect a company’s future cash needs.

Series B financial

"Describes the class as Mandatory Redeemable Preferred Shares, Series B"

A Series B is a later-stage private funding round where a growing company raises new capital from investors in exchange for ownership shares. It typically comes after early rounds and is meant to finance expansion—think of moving from a neighborhood shop to a regional chain—so it affects the company’s reported value and how much existing owners are diluted. Investors use a Series B as a signal that the business has proven demand and is preparing for bigger growth, which helps assess risk and potential return.

ten percent owner regulatory

"Thrivent Financial for Lutherans is designated as a ten percent owner"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is the reporting owner in the RIV (RIVERNORTH OPPORTUNITIES FUND, INC.) Form 3?

The Form 3 identifies Thrivent Financial for Lutherans as the reporting owner. It is listed in the filing as a ten percent owner of RiverNorth Opportunities Fund, Inc.

What security does Thrivent report owning in RIV on this Form 3?

Thrivent reports beneficial ownership of Mandatory Redeemable Preferred Shares, Series B of RiverNorth Opportunities Fund, Inc. These are a class of preferred shares with a required redemption feature.

How many RIV preferred shares does Thrivent Financial for Lutherans report on the Form 3?

Thrivent reports holding 740,000 shares of Mandatory Redeemable Preferred Shares, Series B. This entire amount is listed as directly owned following the reported holding entry dated September 18, 2026.

Is Thrivent’s ownership in RIV reported as direct or indirect on the Form 3?

The Form 3 shows Thrivent’s beneficial ownership of the 740,000 Series B mandatory redeemable preferred shares as direct ownership, rather than through an intermediate entity.

Does the RIV Form 3 report any recent buying or selling by Thrivent?

No. The Form 3 presents the position as a holding of 740,000 Series B mandatory redeemable preferred shares as of September 18, 2026, without reporting any specific purchase or sale transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

THRIVENT FINANCIAL FOR LUTHERANS

(Last) (First) (Middle)

901 MARQUETTE AVENUE

SUITE 2500

(Street)

MINNEAPOLIS MINNESOTA 55402-3211

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
09/18/2026

3. Issuer Name and Ticker or Trading Symbol
RIVERNORTH OPPORTUNITIES FUND, INC. [ RIV ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Mandatory Redeemable Preferred Shares, Series B	740,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ David S. Royal	09/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)