As of
Market Price
Premium / Discount (%)
Total Net Assets:


Investment Objective

The Fund’s investment objective is total return consisting of capital appreciation and current income.

Investment Strategy

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.

Portfolio Management


Monthly Performance as of (Cumulative Total Return)
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Quarterly Performance as of (Annualized Total Return)
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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.

Portfolio Details

as of 7.31.2022

Asset Allocation Long Short Net
Fixed Income 29.03 -2.75 26.28
Credit 21.40 -2.73 18.66
Interest Rate 7.52 -0.02 7.50
Other 0.12 0.00 0.12
Equity 18.13 -8.35 9.78
US Equity 12.78 -8.35 4.43
INT Equity 2.56 0.00 2.56
EM Equity 2.80 0.00 2.80
Cash 4.44 -0.04 4.40
BDCs 4.98 0.00 4.98
SPACs 33.59 0.00 33.59
Investment Co. Bonds 7.18 0.00 7.18
Alternatives 0.49 0.00 0.49
Total 97.84 -11.15 86.69

* Cash value does not include cash held against short positions.

Duration = 3.25 years (net of short positions)

Investment Vehicle Allocation as of 7.31.2022

Asset Allocation Long Short Net
CEF 48.97 0.00 48.97
SPACs 30.71 0.00 30.71
Investment Company Debt 7.42 0.00 7.42
BDC 4.91 0.00 4.91
Portfolio Cash 3.49 0.00 3.49
Treasuries 0.00 0.00 0.00
OEF 0.00 0.00 0.00
ETF 2.32 -11.13 -8.80
Total 97.82 -11.13 86.69

Fixed Income Allocation 7.31.2022

Closed-End Fund Classification 7.31.2022

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
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Distributions data is unavailable at this time.

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.

Preferred Issue 6.00% Series A Cumulative Preferred Stock

NYSE Trading SymbolRIVPRA
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 Rate6.00% per annum
Original Issue DateApril 20, 2022

Non-Call Period and Redemption Information

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.

Dividend Payment Dates

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

Preferred Issue: Distributions

Cumulative Preferred StockRecord DateEx-DatePayable DateTotal Distribution
Series A05/03/202205/02/202205/16/2022$0.1042*
Series A08/02/202208/01/202208/15/2022$0.3750
Series A11/02/202211/01/202211/15/2022-
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* Partial distribution representing the period from original issue date of April 20, 2022 to May 14, 2022.


Contact Us

RiverNorth Opportunities Fund, Inc.
1290 Broadway, Suite 1000 | Denver, CO 80203 

For questions about the Fund’s investment strategy, please contact the sub-adviser: RiverNorth Capital Management, LLC 312.832.1440 | info@rivernorth.com