RiverNorth Opportunities Fund, Inc. Issues Mandatory Redeemable Preferred Shares

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the “Fund”) has closed a $75 million private offering of Series B Mandatory Redeemable Preferred Shares, due September 18, 2031 (the “MRPS”). The MRPS are rated A1 by Moody's Ratings. Net proceeds from the offering of the MRPS will be used primarily to refinance the Fund's existing debt and to make new portfolio investments. The table below sets forth the key terms of the MRPS issued.   Series Amount ($ MM).

Business Wire • 7 hours ago

RIV's 2026 Rights Offering Notes

RiverNorth Opportunities Fund announces its fourth transferable rights offering in six years, with a 1-for-3 structure and a shareholder-friendly discount floor. The subscription price is set at the higher of 90% of NAV or 95% of the five-day average market price, limiting dilution risk for existing holders. RIV's history of rights offerings shows variable outcomes, with discount floors providing some protection but not eliminating the need for careful timing and judgment.

Seeking Alpha • Aug 24, 2026

RiverNorth Opportunities Fund, Inc. Announces Transferable Rights Offering

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the “Fund”) announces that its Board of Directors (the “Board”) has authorized and set the terms of an offering to the Fund's common stockholders of rights to purchase additional shares of common stock of the Fund (the “Rights Offering”). In this offering, the Fund will issue transferable subscription rights (“Rights”) to its common stockholders of record as of August 31, 2026 (the “Record Date” and such st.

Business Wire • Aug 12, 2026

RIV: 13%+ Dividend Yield In Common, But The Preferred Stock Is The Smarter Choice

RiverNorth Opportunities Fund Inc. manages $324M in net assets with a diversified portfolio spanning SPACs, US equity, bonds, and BDCs. RIV trades at a 4% discount to NAV, near its 5-year average, and sits at one of its lowest historical points. The fund's 5-year NAV total return is 6.25%, underperforming its peer group, with moderate correlation to broad allocation ETFs.

Seeking Alpha • Jul 13, 2026

RIV: A Good Diversifier For A Portfolio

The RiverNorth Opportunities Fund offers a 13.48% yield by tactically allocating to closed-end funds, SPACs, BDCs, and ETFs. RIV's largest allocation is to special purpose acquisition companies, introducing both diversification benefits and elevated risk for income-focused investors. Distribution coverage relies partly on unrealized gains, making sustainability dependent on continued market strength and successful capital gains realization.

Seeking Alpha • Jul 11, 2026

RiverNorth's Series A Preferred: Capital Gains Potential Meets A 6.7% Yield

RiverNorth Opportunities Fund Series A Preferred Shares (RIV.PR.A) offer a 6.7% yield at historic low prices, presenting an attractive entry point. RIV.PR.A's price is highly correlated with long-term rates, providing capital gain potential if rates decline or the yield curve shifts lower. The preferred shares benefit from robust 1940 Act regulatory protections, including asset coverage covenants that limit downside risk during severe market stress.

Seeking Alpha • Jul 7, 2026

Stable Income In Uncertain Times: The Hidden Opportunity In RIV And RIV.PR.A

RiverNorth Opportunities Fund offers diversified exposure via CEFs, SPACs, and BDCs with a tactical asset allocation strategy. RIV currently trades at a 3.7% discount, with 3-year annualized NAV returns near 12% and a 24.1% leverage ratio. RIV.PR.A preferred stock provides a 6.59% yield, an A1 Moody's rating, and regulatory protection, making it appealing for conservative investors.

Seeking Alpha • Apr 26, 2026

RIV: 13% Yield On Mixed Assets

RiverNorth Opportunities Fund (RIV) offers a tactical, diversified portfolio focused on CEFs, SPACs, BDCs, and ETFs, with a 13.51% yield. RIV trades at a 4.54% discount to NAV. Distribution coverage has weakened, with NII plus net realized gains covering only 0.80x the payout in the recent semi-annual period.

Seeking Alpha • Apr 10, 2026

RIV: Fund Of Funds, 13% Yield, Distribution Hike

RiverNorth Opportunities Fund is profiled as a high-yield investment vehicle with a focus on dividend income. The article details RIV's portfolio, top 10 holdings, bond ratings and maturities, dividend structure, and tax considerations. Performance, risk factors, and valuation metrics for RIV are discussed to inform portfolio positioning.

Seeking Alpha • Jan 24, 2026

RiverNorth Opportunities' Preferred Stock: High Credit Quality And 6.4%+ Current Yield

RiverNorth Opportunities and its preferred stock (RIV.PR.A) offer high credit quality, stable structure, and trade at a discount to NAV. RIV's portfolio is heavily weighted toward SPACs and finance, with a 26.2% leverage ratio and a 4.21% expense ratio. RIV.PR.A carries an 'A1' Moody's rating, a 6% coupon, and currently yields above 6.4% with robust regulatory coverage.

Seeking Alpha • Jan 14, 2026