DENVER, Oct 9, 2019 /PRNewswire/ -- RiverNorth Opportunities Fund, Inc. (the "Fund"), which is traded 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 amended level distribution policy announced in a press release on September 26, 2018, the distribution rate has been set to the 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 2018 calendar year. Based on the Fund's current NAV per share of $17.08 (as of market close October 1, 2019), the distributions represent an annualized distribution rate of 11.94%.
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 $0.18 per share, payable on the dates noted below. Under the Fund's level distribution policy, the distribution rate has been set 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 2019 calendar year. Based on the Fund's current NAV per share of $16.03 (as of market close February 28, 2020), the distributions represent an annualized distribution rate of 13.47%.
DENVER , Nov. 6, 2019 /PRNewswire/ -- RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the "Fund") is pleased to announce the successful completion of its transferable rights offering (the "Offering") ...
DENVER, Sept. 20, 2019 /PRNewswire/ -- RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the "Fund") announces that its Board of Directors has authorized and set the terms of an offering to the Fund's stockholders of rights to purchase additional shares of common stock of the Fund. In this offering, the Fund will issue transferable subscription rights ("Rights") to its stockholders of record as of September 30, 2019 (the "Record Date" and such stockholders, "Record Date Stockholders") allowing the holder to subscribe for new shares of common stock of the Fund (the "Primary Subscription").
DENVER, Nov. 4, 2019 /PRNewswire/ -- RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the "Fund") is pleased to announce the preliminary results of its transferable rights offering (the "Offering") which expired on November 1, 2019 (the "Expiration Date"). In the Offering, the Fund received subscription requests for 2,186,527 shares of common stock from rights holders. Accordingly, the Fund expects to issue up to 2,186,527 new common shares for these subscriptions, pending the receipt of payment for "delivery-guaranteed" subscriptions, on or about November 11, 2019.