DENVER, Aug. 31, 2021 /PRNewswire/ -- RiverNorth
Opportunities Fund (the "Fund"), which is traded on the New York
Stock Exchange under the symbol "RIV," announced the results of its
shareholder meeting held on August
20, 2021. At that meeting, shareholders were asked to
vote on a proposal, pursuant to the Fund's Articles of
Incorporation, to convert the fund from its current structure as a
closed-end fund to an open-end investment company. Shareholders
voted against the proposal, and the Fund will continue in its
current closed-end fund structure.
Patrick Galley, Chief Executive
Officer and Chief Investment Officer, RiverNorth, said "we are
pleased that shareholders have elected to maintain the current
closed-end fund structure for the Fund. We believe this
structure gives us the best opportunity to generate attractive
long-term risk adjusted returns for shareholders."
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.
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.
NOT FDIC INSURED | May Lose Value | No Bank Guarantee
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 provides
access to asset classes and boutique asset managers in real assets,
alternatives, thematic/factor and fixed income through both ETF and
open-end mutual fund structures. For more information, visit
www.alpsfunds.com.
About RiverNorth Capital Management, LLC
RiverNorth Capital Management, LLC is an investment management
firm founded in 2000. With $5.5
billion1 in assets under management as of
July 31, 2021, RiverNorth specializes
in opportunistic investment strategies in niche markets where the
potential to exploit inefficiencies is greatest. RiverNorth is an
institutional investment manager to registered funds, private funds
and separately managed accounts.
1. Managed Assets includes assets attributable
to leverage and investments in affiliated funds.
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SOURCE RiverNorth Opportunities Fund, Inc