RiverNorth Opportunities Fund raises $35.2M in rights offering

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Go back to RiverNorth Opportunities Fund raises $35.2M in rights offering

RiverNorth Opportunities Fund, Inc. Announces Final Results of Rights Offering

September 25, 2026 4:15 PM EDT

WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- RiverNorth Opportunities Fund, Inc. (the Fund) (NYSE: RIV) today announced the final results of its transferable rights offering (the Offering). The Fund will issue a total of 3,356,796 new shares of common stock as a result of the Offering, which closed on September 23, 2026 (the Expiration Date).

The subscription price of $10.49 per share in the Offering was established on the Expiration Date based on a formula equal to 90% of the reported net asset value per share of common stock. Gross proceeds received by the Fund, before any expenses of... More