RiverNorth Opportunities Fund, Inc. Declares Year-End Capital Gain Distribution, Payable on December 31, 2021
December 10, 2021 at 04:30 pm EST
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RiverNorth Opportunities Fund, Inc. announced the declaration of a year-end long-term capital gain distribution of $0.24261 per share, payable on December 31, 2021. This year-end capital gain distribution is in addition to the Fund's regular monthly distribution and is being paid to allow the Fund to meet its 2021 distribution requirements for federal excise tax purposes. Ex Date is December 15, 2021.
RiverNorth Opportunities Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds, exchange-traded funds (ETFs), business development companies (BDCs) and special purpose acquisition companies (SPACs). The Fund intends to maintain long positions in underlying Funds but may engage in short sales for investment purposes. ALPS Advisors, Inc. (AAI) serves as the Fundâs investment adviser. RiverNorth Capital Management, LLC (RiverNorth) is the investment sub-adviser of the Fund.