DENVER, Nov. 2, 2021 /PRNewswire/ -- RiverNorth
Opportunities Fund, Inc. (the "Fund"), which trades on the New York
Stock Exchange under the symbol "RIV," announced an update to the
Ex Date and Record Date for the November
2021 monthly distribution. The Ex Date for the November 2021 monthly distribution is
November 15, 2021 and the Record Date
for the November 2021 monthly
distribution is November 16, 2021.
This press release updates the information included in the
September 24, 2021 press
release.
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%.
Shareholders receiving shares in the previously announced 2021
rights offering are entitled to the November
2021 distribution.
The following dates apply to the distributions declared:
Ex Date
|
Record
Date
|
Payable
Date
|
November 15,
2021
|
November 16,
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.
ALPS Portfolio Solutions Distributor, Inc., ALPS Distributors,
Inc. and ALPS Advisors, Inc. are affiliated.
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 billion
in assets under management as of September
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.
RVC000346 11/1/2022
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SOURCE RiverNorth Opportunities Fund, Inc.