RIV Research | Milton Maxwell

RIV

RiverNorth Opportunities Fund, Inc.

11.68

-0.04-0.34%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

319.70M

P/E (TTM)

7.17

Basic EPS (TTM)

1.63

Dividend Yield

Recent Filings

8-K

Fiscal year end change

5/23/24May 23, 2024

RiverNorth Opportunities Fund (RIV) shifted its fiscal year end from July 31 to June 30, effective for the period ending June 30, 2024, as approved by the Board on May 14-15. This alignment with other RiverNorth closed-end funds boosts efficiencies and trims costs. The upcoming N-CSR report will cover August 1, 2023, to June 30, 2024. Change streamlines operations.

8-K

Preferred stock offering priced

4/13/22Apr 13, 2022

RiverNorth Opportunities Fund priced an offering of 3,400,000 shares of 6.00% Series A Perpetual Preferred Stock at $25.00 per share on April 12, 2022, expecting to close April 20 and yield net proceeds of approximately $81.9 million. The fund will deploy these funds to invest per its objectives, repay credit facility borrowings, and support working capital. Underwriters hold a 30-day option for 510,000 more shares. Preferred shares trade as RIVPRA on NYSE.

8-K

Adviser transition approved

3/18/22Mar 18, 2022

RiverNorth Opportunities Fund announced on March 17, 2022, that its Board approved a new investment advisory agreement with RiverNorth Capital Management, LLC, replacing ALPS Advisors as adviser while keeping RiverNorth as the current sub-adviser. This shift, recommended by both firms, preserves the Fund's name, objectives, strategy, and management—no changes expected. Shareholders vote in Q2 2022; transition follows in Q3 if approved. Continuity rules here.

About

RiverNorth Opportunities Fund, Inc. is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc. and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc. was formed on December 24, 2015 and is domiciled in the United States.

CEO

Mr. Patrick William Galley C.F.A.

IPO

1/8/2016

Sector

Financial Services

Industry

Asset Management