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RiverNorth Opportunities Fund, Inc. (RIV)

A new closed-end fund designed to opportunistically invest in closed-end funds (CEFs) and exchange-traded funds (ETFs) seeks to provide:

  • Attractive Monthly current income and the potential for capital appreciation
  • Access to a diversified portfolio of closed-end and exchange-traded funds representing a wide array of underlying asset classes
  • The potential to benefit from unique alpha* opportunities in the closed-end fund market
  • Opportunistic use of leverage in order to potentially capitalize at times on market dislocations
  • Shareholder vote for conversion to open-end fund in 5 years
  • Active portfolio management by RiverNorth Capital Managment, LLC ("RiverNorth"), a leading closed-end fund investor with over $3.37 billion in assets under management as of April 30, 2016

* A measure of performance on a risk-adjusted basis.


Portfolio Specialist Allen Webb and CIO Patrick Galley discuss the RiverNorth Opportunities Fund, Inc. (RIV)


Alpha: A measure of performance on a risk-adjusted basis.

Beta: A measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. The beta of the market is 1.00 by definition.

Business Development Company (BDC): A company that is created to help grow small companies in the initial stages of their development.