Rivernorth Opportunities Fund, INC.: management transactions · United States · SEC (Form 4)

About Rivernorth Opportunities Fund, INC.

RiverNorth Opportunities Fund, Inc. is a U.S.-domiciled closed-end investment company listed on the NYSE in the United States under the ticker RIV; its preferred share series trades separately as RIV-PA / RIVPRA in market references. For French-speaking investors, this is not an operating company in the industrial sense but a publicly traded fund vehicle managed with an active, opportunistic mandate. Its stated objective is total return through a combination of capital appreciation and current income, which places it firmly in the finance and asset-management universe and supports a Finance & Banque classification. The fund was formed in 2015 and is advised by RiverNorth Capital Management, LLC. RiverNorth’s operating base is in West Palm Beach, Florida. The strategy is tactical and multi-asset, but with a clear emphasis on inefficiencies in the closed-end fund market. According to the fund’s own materials, the portfolio is primarily built around closed-end funds, exchange-traded funds, special purpose acquisition companies, and business development companies. RiverNorth also indicates that it may use leverage opportunistically when it believes dislocations create attractive entry points. This makes the fund meaningfully different from a conventional equity or bond fund: performance depends not only on the underlying holdings, but also on the market-price-versus-NAV relationship that is central to closed-end fund investing. From a competitive standpoint, RiverNorth occupies a specialist niche rather than competing as a broad, mass-market asset manager. Its edge is in seeking alpha where market structure and pricing inefficiencies can be exploited, especially in less efficiently covered segments of the public fund universe. The portfolio is diversified across income-oriented and opportunistic strategies, including equity income, municipal bond, credit, and alternative-style exposures through underlying funds. That diversified sleeve structure can make the vehicle attractive to investors seeking monthly or periodic income as well as capital appreciation potential. Recent developments have included preferred-share dividend announcements in 2026 and earlier rights-offering activity, underscoring the fund’s ability to access capital and manage its balance sheet structure. The latest portfolio disclosures show heavy exposure to U.S.-listed closed-end funds, alongside some international positions, including U.K.-listed exposure. In practical terms, RiverNorth Opportunities Fund represents a U.S. listed, income-oriented, actively managed closed-end fund platform with a specialized market niche, a West Palm Beach management base, and a portfolio designed to exploit pricing dislocations in the closed-end fund space.