RiverNorth Opportunities Fund, Inc. Announces Change in Fiscal Year End
May 20, 2024 at 05:01 pm EDT
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RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the “Fund”) is pleased to announce that on May 14-15, 2024, the Board of Directors of the Fund (the “Board”) approved a change to the fiscal year end (“FYE”) of the Fund, as set forth in the table below.
Fund
Ticker
Current FYE
New FYE
RiverNorth Opportunities Fund, Inc.
RIV
July 31
June 30
This change was made to increase efficiencies and reduce operating costs for the Fund by bringing it into alignment with the fiscal year ends of all the closed end funds in the RiverNorth complex.
About RiverNorth
RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With $5.0 billion1 in assets under management as of April 30, 2024, 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. Firm AUM reflects Managed Assets which includes the effects of leverage and investments in affiliated funds.
An investment in the Fund involves risk, including loss of principal.
Investors should consider a Fund's investment objective, risks, charges, and expenses carefully before investing. The Fund’s prospectus and most recent periodic reports contain this and other important information about the Fund and may be obtained by visiting rivernorth.com/literature or by calling your financial professional or RiverNorth at 844.569.4750.
Member Firm ALPS Distributors Inc. Marketing services provided by ALPS Distributors Inc.
RiverNorth Capital Management, LLC is not affiliated with ALPS Distributors, Inc.
Not FDIC Insured | May Lose Value | No Bank Guarantee
RiverNorth® is a registered trademark of RiverNorth Capital Management, LLC.
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.