DENVER, Sept. 1, 2021 /PRNewswire/ -- RiverNorth
Opportunities Fund, Inc. (the "Fund"), which trades on the New York
Stock Exchange under the symbol "RIV," announced the declaration of
monthly distributions of $0.17 per
share, payable on the dates noted below. Under the Fund's level
distribution policy, the distribution rate has been reset to an
amount equal to approximately 12.5% (annualized) of the average of
the Fund's net asset value ("NAV") per share, as reported for the
final five trading days of the 2020 calendar year. Based on the
Fund's current NAV per share of $16.93 (as of market close August 27, 2021), the distributions represent an
annualized distribution rate of 12.05%.
The following dates apply to the distributions declared:
Ex
Date
|
Record
Date
|
Payable
Date
|
October 14,
2021
|
October 15,
2021
|
October 29,
2021
|
November 11,
2021
|
November 12,
2021
|
November 30,
2021
|
December 15,
2021
|
December 16,
2021
|
December 31,
2021
|
RISKS
This press release is not for tax reporting purposes but is
being provided to announce the amount of the Fund's distributions.
In early 2022, after definitive information is available, the Fund
will send shareholders a Form 1099-DIV, if applicable, specifying
how the distributions paid by the Fund during the prior calendar
year should be characterized for purposes of reporting the
distributions on a shareholder's tax return (e.g., ordinary income,
long-term capital gain or return of capital). An investment in the
Fund is not appropriate for all investors and is not intended to be
a complete investment program. The Fund is designed as a long-term
investment and not as a trading vehicle.
Investing in the Fund involves risks, including the risk that
you may receive little or no return on your investment or that you
may lose part or even all of your investment. The Fund's net asset
value will vary and its distribution rate may vary and both may be
affected by numerous factors, including changes in the market
spread over a specified benchmark, market interest rates and
performance of the broader equity markets. Fluctuations in net
asset value may be magnified as a result of the Fund's use of
leverage. Therefore, before investing you should carefully consider
the risks that you assume when you invest in the Fund's common
shares.
The Fund's investment objectives and policies are not
designed to seek to return the initial investment to investors that
purchase shares.
A portion of the distribution may be treated as paid from
sources other than net income, including but not limited to
short–term capital gain, long–term capital gain and return of
capital. The final determination of the source of all
distributions, including the percentage of qualified dividend
income, is made after year–end.
Past performance is no guarantee of future results.
An investor should consider the Fund's investment
objectives, risks, charges and expenses carefully before investing.
To obtain an annual report or semi-annual report which contains
this and other information, visit www.rivernorthcef.com or call
855.830.1222. Please read them carefully before
investing.
NOT FDIC INSURED | May Lose Value | No Bank Guarantee
The Fund is a closed-end fund and does not continuously issue
shares for sale as open-end mutual funds do. Since the initial
public offering, the Fund now trades in the secondary market.
Investors wishing to buy or sell shares need to place orders
through an intermediary or broker. The share price of a closed-end
fund is based on the market's value.
ALPS Advisors, Inc. is the investment adviser to the Fund.
RiverNorth Capital Management, LLC is the investment sub-adviser
to the Fund. RiverNorth Capital Management, LLC is not
affiliated with ALPS Advisors, Inc. or any of its affiliates.
ALPS Portfolio Solutions Distributor, Inc. is the FINRA Member
firm.
About SS&C Technologies
SS&C is a global provider of services and software for the
financial services and healthcare industries. Founded in 1986,
SS&C is headquartered in Windsor,
Connecticut, and has offices around the world. Some 18,000
financial services and healthcare organizations, from the world's
largest companies to small and mid-market firms, rely on SS&C
for expertise, scale, and technology. Additional information about
SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
About SS&C | ALPS Advisors
ALPS Advisors, Inc., a wholly-owned subsidiary of SS&C
Technologies, Inc., is a leading provider of investment products
for advisors and institutions. With over $18.5 billion in assets under management as of
June 30, 2021, the firm is an open
architecture boutique investment manager offering portfolio
building blocks, active insight, and an unwavering drive to guide
clients to investment outcomes across sustainable income, thematic
and alternative growth strategies. For more information, visit
www.alpsfunds.com.
RiverNorth Capital Management, LLC
RiverNorth is an
investment management firm founded in 2000 that specializes in
opportunistic strategies in niche markets where the potential to
exploit inefficiencies is greatest. RiverNorth is the manager to
multiple registered and private funds.
Media Contact:
Christopher
Murphy*
Head of Advisor Marketing
SS&C ALPS Advisors
720.277.7861
Christopher.murphy@alpsinc.com
*Registered Representative of ALPS Distributors, Inc.
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SOURCE RiverNorth Opportunities Fund, Inc