Welcome to our dedicated page for Rivernorth Opportunities Fund news (Ticker: RIV), a resource for investors and traders seeking the latest updates and insights on Rivernorth Opportunities Fund stock.
Rivernorth Opportunities Fund Inc (RIV) is a closed-end investment company focused on generating total returns through capital appreciation and income strategies. This news hub provides investors with essential updates on the fund's activities, portfolio adjustments, and market positioning.
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RiverNorth Opportunities Fund (NYSE: RIV) announced final results of a transferable rights offering that closed on October 6, 2025. The Fund will issue 5,899,015 new common shares at a subscription price of $11.95 per share, set at 92.5% of reported net asset value. Gross proceeds before expenses are expected to total approximately $70.5 million. As of September 30, 2025, the Fund reported $275.3 million of net assets and 21.5 million shares outstanding. The Fund is a closed-end fund and now trades on the secondary market; investors must transact through a broker.
RiverNorth Opportunities Fund (NYSE: RIV) reported preliminary results of its transferable rights offering that expired on October 6, 2025. Rights holders subscribed for 5,906,588 new shares, and the Fund expects to issue those shares on or about October 10, 2025, pending payment validation. Gross proceeds are expected to be approximately $70.6 million before expenses. The final subscription price was $11.95, set at 92.5% of the Fund's NAV per share of $12.92 on the expiration date. No excess payments will be returned. The Fund had about $275.3 million net assets and 21.5 million shares outstanding as of September 30, 2025. Final offering results will be announced on or about October 8, 2025.
RiverNorth Opportunities Fund (NYSE: RIV) has announced a transferable rights offering to its common stockholders. Record Date Stockholders as of September 11, 2025 will receive one right for every share held, with the ability to purchase one new share for every three rights. The subscription price will be set at 92.5% of NAV or 95% of market price, whichever is higher on the expiration date of October 6, 2025.
The rights will be tradable on NYSE under ticker RIV.RT. The Fund, which had approximately $268.5 million in net assets and 21.5 million shares outstanding as of July 31, 2025, aims to provide total return through capital appreciation and current income.
RiverNorth Opportunities Fund (NYSE: RIV) announced that its Board of Directors approved a change in its fiscal year end. Effective May 14-15, 2024, the fiscal year end will shift from July 31 to June 30. This adjustment aims to enhance operational efficiencies and reduce costs by aligning with the fiscal year ends of other closed-end funds in the RiverNorth complex.
The RiverNorth Opportunities Fund (NYSE: RIV) announced the successful completion of its transferable rights offering, closing on November 8, 2022. The Fund will issue 2,752,078 new shares at a subscription price of $11.97 per share, based on 95% of the net asset value, generating approximately $32.9 million in gross proceeds. As of October 31, 2022, the Fund managed about $234 million in net assets with 18.7 million shares outstanding. Investors are advised to review the prospectus and consider the associated investment risks.
RiverNorth Opportunities Fund (NYSE: RIV) announced preliminary results of its transferable rights offering that ended on November 8, 2022. The Fund received requests for 2,752,078 shares, expecting total gross proceeds of approximately $32.9 million. The final subscription price was set at $11.97 per share, based on 95% of the Fund's net asset value (NAV) of $12.60. The shares will be record date shares for the Fund's November distribution. The final results will be disclosed by November 10, 2022.
RiverNorth Opportunities Fund (NYSE: RIV) has announced a rights offering for its stockholders as of
On July 27, 2022, shareholders of RiverNorth Opportunities Fund (NYSE: RIV) approved a new investment advisory agreement with RiverNorth Capital Management, effective around October 1, 2022. This transition will not modify the Fund's name, investment objective, or strategy. As of June 30, 2022, the Fund had $242 million in net assets and 18.2 million shares outstanding. RiverNorth Capital Management will continue its role without significant changes in day-to-day investment decisions.
RiverNorth Opportunities Fund has declared a preferred dividend of $0.3750 per share for its 6.00% Series A Perpetual Preferred Stock (symbol: RIVPRA) for Q3 2022. Key dates include the Ex Date on August 1, 2022, Record Date on August 2, 2022, and Payable Date on August 15, 2022. This distribution is governed by the Fund's liquidation preference of $25.00 per share, though it carries inherent risks, including variability in net asset value and market conditions affecting returns.
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