RIVERNORTH OPPORTUNITIES FUND, INC. : Other Events, Financial Statements and Exhibits (form 8-K)
March 18, 2022 at 06:03 am EDT
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Item 8.01. Other Events.
On March 17, 2022 RiverNorth Opportunities Fund, Inc. (the "Fund") announced
that the Fund's Board of Directors had approved a new investment advisory
agreement with RiverNorth Capital Management, LLC ("RiverNorth"), subject to
shareholder approval. The Fund's current investment adviser, ALPS Advisors and
RiverNorth, the Fund's current sub-adviser, made the recommendation to the Board
of Directors at a meeting held on March 17, 2022.
The new investment advisory agreement will not affect the Fund's name,
investment objective, investment strategy, portfolio management, or ticker
symbol. Since the Fund's inception, RiverNorth has been responsible for making
day-to-day investment decisions, with the anticipated transition to adviser, no
changes are expected.
Shareholders of the Fund will receive a related proxy statement describing the
proposal and will be asked to consider the approval of the new investment
advisory agreement at a special shareholder meeting that will take place in the
second quarter of this year. If approved by shareholders, the Fund anticipates
the transition between ALPS Advisors and RiverNorth will occur in the third
quarter of 2022.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits:
Exhibit Number Description
99.1 Press Release, dated March 17, 2022
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.
RIVERNORTH OPPORTUNITIES FUND, INC. 
