RiverNorth Opportunities Fund Inc. Announces $70.6 Million Rights Offering; Issues 5.9 Million New Shares at $11.95 Each

Reuters
2025/10/07
<a href="https://laohu8.com/S/RIV.RT">RiverNorth Opportunities Fund</a> Inc. Announces $70.6 Million Rights Offering; Issues 5.9 Million New Shares at $11.95 Each

RiverNorth Opportunities Fund Inc. $(RIV)$ has announced the preliminary results of its transferable rights offering, which recently expired. The Fund received subscription requests for 5,906,588 shares of common stock, and expects to issue the same number of new shares, pending final payment confirmation. The offering is projected to generate gross proceeds of approximately $70.6 million before expenses. The final subscription price was set at $11.95 per share, calculated as 92.5% of the Fund's net asset value of $12.92 per share on the expiration date. No excess subscription payments will be returned, as the final price exceeded the initial estimate. The newly issued shares will be eligible for the Fund's October 2025 distribution. Final results of the offering will be confirmed in an upcoming press release.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RiverNorth Opportunities Fund Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251007443603) on October 07, 2025, and is solely responsible for the information contained therein.

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