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

Business Wire24/09/202606:45 ET
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RiverNorth Opportunities Fund, Inc. Announces Preliminary Results of Rights Offering

RiverNorth Opportunities Fund, Inc. (the “Fund”) (NYSE: RIV) today announced the preliminary results of its transferable rights offering (the “Offering”) that expired on September 23, 2026 (the “Expiration Date”). In the Offering, the Fund received subscription requests for 3,356,796 shares of common stock from rights holders. Accordingly, the Fund expects to issue 3,356,796 new shares of common stock for these subscriptions, pending the receipt of payment for “delivery guaranteed” subscriptions, on or about September 28, 2026. Gross proceeds from the Offering are expected to total approximately $35.2 million, before expenses.

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