RiverNorth Opportunities Fund raises $35.2M in rights offering

RiverNorth Opportunities Fund, Inc. (NYSE: RIV) announced the final results of its transferable rights offering, which closed on September 23, 2026.

The fund will issue 3,356,796 new shares of common stock as a result of the offering. The subscription price was set at $10.49 per share, calculated at 90% of the reported net asset value per share of common stock on the closing date.

Gross proceeds from the offering are expected to total approximately $35.2 million before expenses.

As of August 31, 2026, the fund held approximately $332.3 million in net assets with 27.4 million shares of common stock outstanding. The fund's investment objective is total return consisting of capital appreciation and current income.

RiverNorth Opportunities Fund is a closed-end fund managed by RiverNorth Capital Management, LLC, which manages $4.8 billion in assets across registered funds, private funds, and separately managed accounts as of August 31, 2026.

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