Assets Under Management AUM

Rivernorth Opportunities Fund, Inc.Announces Preliminary Results of Its Rights Offering

DENVER, November 8, 2021 / PRNewswire / – RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the “Fund”) is pleased to announce the preliminary results of its transferable rights offering (the “Offer” which expired on November 5, 2021 (expiration date “). As part of the offer, the Fund received subscription requests for 5,228,431 ordinary shares from rights holders. Accordingly, the Fund expects to issue up to 4,373,407 new common shares for these subscriptions, pending receipt of payment for “guaranteed delivery” subscriptions, on or about November 9, 2021. The gross proceeds of the offering are expected to total approximately $ 73,516,972, before expenses. The common shares issued under the rights offering will be shares on the registration date for the purposes of the November 2021 distribution to be paid.

The Offer was oversubscribed and the oversubscription requests exceeded the available oversubscription shares. Consequently, the shares issued within the framework of the over-subscription privilege of the Offer will be distributed pro rata among the shareholders on the registration date who have submitted over-subscription requests according to the number of rights that were initially issued to them by the Funds.

The above figures are only estimates. The Fund will announce the final results of the rights offering in a press release on or about November 10, 2021.

The final subscription price of the Offer was determined at $ 16.81 per share. The subscription price has been established by the Board of Directors of the Fund in accordance with the conditions of the Offer and on the basis of a formula equal to 97.5% of the declared net asset value per share of the Fund on the Date of the Offer. expiry. The final subscription price is lower than the estimated initial subscription price of $ 16.94 per share. Accordingly, any overpayment will be returned to the Subscription Right Holder as soon as possible, in accordance with the Prospectus Supplement and accompanying Prospectus, filed with the Securities and Exchange Commission on September 28, 2021.

This press release does not constitute an offer to sell or a solicitation of an offer to buy.

Investors should read the Prospectus Supplement and accompanying prospectus, when available, and carefully consider the investment objective, risks, charges and expenses of the Fund before investing. For a copy of the prospectus supplement and accompanying prospectus, where available, or of the annual report or semi-annual report of the Fund, each of which contains this and other information about the Fund, visit www.rivernorthcef.com or call 855.830.1222. Please read them carefully before investing.

The investment objective of the Fund is a total return consisting of capital appreciation and current income. The Fund had approximately $ 221 million of net assets and 13.1 million ordinary shares outstanding as of September 30, 2021.

The Fund is a closed-end fund and does not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund has now traded on the secondary market. Investors wishing to buy or sell shares must place orders through an intermediary or broker. The share price of a closed fund is based on the market value.

ALPS Advisors, Inc. is the investment advisor of the Fund.

RiverNorth Capital Management, LLC is the Fund’s investment sub-advisor. RiverNorth Capital Management, LLC is not affiliated with ALPS Advisors, Inc. or any of its affiliates.

ALPS Portfolio Solutions Distributor, Inc. is the member company of FINRA.

NON FDIC INSURED | may lose value | No bank guarantee

About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world’s largest companies to small and medium-sized enterprises, trust SS&C for expertise, scale and technology. Additional information on SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

About SS&C ALPS Advisors
ALPS Advisors, Inc., a wholly owned subsidiary of SS&C Technologies, Inc., is a leading provider of investment products for advisors and institutions. With over $ 18 billion in assets under management at September 30, 2021, the company provides access to asset classes and boutique asset managers in real assets, alternatives, thematic / factor and fixed income through ETF and mutual fund structures with variable capital. For more information, visit www.alpsfunds.com.

About RiverNorth Capital Management, LLC
RiverNorth Capital Management, LLC is an investment management company founded in 2000. With $ 5.5 billion?? in assets under management at September 30, 2021, RiverNorth specializes in opportunistic investment strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is an institutional investment manager for registered funds, private funds and separately managed accounts.

??Company assets under management reflect assets under management which include leverage and investments in affiliated funds.

*Registered Representative of ALPS Distributors, Inc.

SOURCE RiverNorth Opportunities Fund, Inc

Related links

http://www.rivernorthcef.com

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