1. RIV completed a rights offering, issuing 5,899,015 new shares. 2. Subscription price was set at $11.95 per share, 92.5% of NAV. 3. Gross proceeds expected are approximately $70.5 million. 4. RIV's investment objective focuses on capital appreciation and income. 5. It is a closed-end fund, not continuously issuing stocks.
The successful completion of the rights offering and raised capital may provide RIV with additional resources for investing, leading to potential growth. Past performance of similar offerings has often boosted stock prices when investors perceive they enhance the fund's capabilities.
The successful raising of new capital is crucial for RIV's growth strategy, offering potential for increased market value. The fact that this offering was at a price close to its NAV suggests that it is viewed favorably by the market.
The immediate market reception to new share issuance typically affects stock price in the short-run, especially as the market digests the potential increase in investment capacity. However, longer-term impacts will depend on how proceeds are invested.
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 5,899,015 new shares of common stock as a result of the Offering, which closed on October 6, 2025 (the "Expiration Date").
The subscription price of $11.95 per share in the Offering was established on the Expiration Date based on a formula equal to 92.5% of the reported net asset value per share of common stock. Gross proceeds received by the Fund, before any expenses of the Offering, are expected to total approximately $70.5 million.
This press release shall not constitute an offer to sell or constitute a solicitation of an offer to buy.
RiverNorth Opportunities Fund, Inc.
The investment objective of the Fund is total return consisting of capital appreciation and current income. The Fund had approximately $275.3 million of net assets and 21.5 million shares of common stock outstanding as of September 30,2025.
The Fund is a closed-end fund and does not continuously issue stock for sale as open-end mutual funds do. The Fund now trades in the secondary market. Investors wishing to buy or sell stock need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market value.
Risk is inherent in all investing. Investing in any investment company security involves risk, including the risk that you may receive little or no return on your investment or even that you may lose part or all of your investment. Therefore, before investing in the shares of common stock, you should consider the risks as well as the other information in the prospectus, annual report and semi-annual report.
Past performance is no guarantee of future results.
Investors should read the prospectus supplement and accompanying prospectus, when available, and consider the investment objective, risks, fees and expenses of the Fund carefully before investing. To obtain a copy of the prospectus supplement and accompanying prospectus, when available, or the Fund's annual report or semi-annual report, each of which contains this and other information about the Fund, visit www.rivernorth.com or call 844.569.4750. Please read them carefully before investing.
RiverNorth Capital Management, LLC
RiverNorth Capital Management, LLC ("RiverNorth") is an independent investment manager and closed-end fund expert specializing in opportunistic strategies and structures built to exploit market inefficiencies. Founded in 2000, RiverNorth manages $4.9 billion1 of assets in registered funds, private funds and separately managed accounts.
1 As of August 31, 2025. Firm AUM reflects Managed Assets which includes the effects of leverage and investments in affiliated funds.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Marketing services provided by ALPS Distributors Inc. ALPS and RiverNorth are not affiliated.
RiverNorth® is a registered trademark of RiverNorth Capital Management, LLC.
©2000-2025 RiverNorth Capital Management, LLC. All rights reserved.
RVC000407
View source version on businesswire.com: https://www.businesswire.com/news/home/20251008797843/en/
Investor Contact
RiverNorth CEF Investor Relations
800-646-0148, Option 1
CEF@rivernorth.com