The Fund’s investment objective is total return consisting of capital appreciation and current income.
The Fund employs a tactical asset allocation strategy primarily comprised of closed-end funds, exchange-traded funds, special purpose acquisition companies (SPACs), and business development companies (BDCs). RiverNorth implements an opportunistic investment strategy designed to capitalize on the inefficiencies in the closed-end fund space while simultaneously providing diversified exposure to several asset classes.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted.
Fund inception date is December 24, 2015.
Market Price is the price that the fund closed at on the primary listing exchange on the as of date referenced above.
NAV is the net asset value of the fund on the as of date referenced above and equals the value of all the fund's assets (less liabilities) divided by the number of shares outstanding.
Premium/Discount is the percentage difference between the net asset value of a fund and the market price.
S&P 500® Total Return Index (SPTR): A market value weighted index of 500 stocks chosen for market size, liquidity and industry grouping, among other factors. This index is designed to be a leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large cap universe. This index reflects the effects of dividend reinvestment.
| Asset Allocation | Long | Short | Net |
|---|---|---|---|
| Fixed Income | 31.54 | -2.11 | 29.43 |
| Credit | 22.33 | -2.09 | 20.24 |
| Interest Rate | 9.09 | -0.02 | 9.07 |
| Other | 0.12 | 0.00 | 0.12 |
| Equity | 18.59 | -8.83 | 9.76 |
| US Equity | 13.14 | -8.83 | 4.31 |
| INT Equity | 2.41 | 0.00 | 2.41 |
| EM Equity | 3.04 | 0.00 | 3.04 |
| Cash | 3.68 | -0.02 | 3.66 |
| BDCs | 4.31 | 0.00 | 4.31 |
| SPACs | 35.61 | 0.00 | 35.61 |
| Investment Co. Bonds | 3.76 | 0.00 | 3.76 |
| Alternatives | 0.02 | 0.00 | 0.02 |
| Total | 97.51 | -10.96 | 86.55 |
* Cash value does not include cash held against short positions.
Duration = 3.25 years (net of short positions)
| Asset Allocation | Long | Short | Net |
|---|---|---|---|
| CEF | 51.31 % | 0.00 % | 51.31 % |
| SPACs | 32.75 % | 0.00 % | 32.75 % |
| BDC | 4.23 % | 0.00 % | 4.23 % |
| Investment Company Debt | 4.01 % | 0.00 % | 4.01 % |
| Portfolio Cash | 2.80 % | 0.00 % | 2.80 % |
| Treasuries | 0.00 % | 0.00 % | 0.00 % |
| OEF | 0.00 % | 0.00 % | 0.00 % |
| ETF | 2.38 % | -10.94 % | -8.55 % |
| Total | 97.49 % | -10.94 % | 86.55 % |
Weights shown are leverage-adjusted percentages of the total portfolio.
Allocations are subject to change.
| Record Date | Ex-Date | Payable Date | Income | Short-Term Gains | Long-Term Gains | Total Distributions | Section 19a Notice |
|---|---|---|---|---|---|---|---|
Distribution dates are estimates and subject to change.
Sources of distributions to shareholders may include net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. If a distribution includes anything other than net investment income, the fund provides a Section 19(a) notice of the best estimate of its distribution sources at that time. These estimates may not match the final tax characterization (for the full year's distributions) contained in shareholders' 1099-DIV forms after the end of the year.
| NYSE Trading Symbol | RIVPRA |
| Number of shares | 3,910,000 |
| Initial Public Offering Price | $25.00 per Share |
| Liquidation Preference | $25.00 per Share plus accumulated and unpaid dividends, if any |
| Dividend Rate | 6.00% per annum |
| Original Issue Date | April 20, 2022 |
The Series A Preferred Shares are generally not redeemable at the Fund's option prior to May 15, 2027, and are subject to mandatory redemption by the Fund in certain circumstances. On or after May 15, 2027, the Fund may redeem in whole or from time to time in part outstanding Series A Preferred Shares at a redemption price per share equal to the per share liquidation preference plus accumulated and unpaid dividends, if any, through the date of redemption.
Quarterly every February 15, May 15, August 15 and November 15. If a dividend payment date falls on a non-business day, the applicable dividend payment will be made on the next business day and no additional dividend payment will accrue as a result of such delayed payment.
Series A Commencement Date: May 15, 2022
| Cumulative Preferred Stock | Record Date | Ex-Date | Payable Date | Total Distribution |
|---|---|---|---|---|
| Series A | 05/03/2022 | 05/02/2022 | 05/16/2022 | $0.1042* |
| Series A | 08/02/2022 | 08/01/2022 | 08/15/2022 | - |
| Series A | 11/02/2022 | 11/01/2022 | 11/15/2022 | - |
* Partial distribution representing the period from original issue date of April 20, 2022 to May 14, 2022.
RiverNorth Opportunities Fund, Inc.
1290 Broadway, Suite 1000 | Denver, CO 80203
855.830.1222
For questions about the Fund’s investment strategy, please contact the sub-adviser: RiverNorth Capital Management, LLC 312.832.1440 | info@rivernorth.com