RiverNorth Opportunities Fund, Inc. Announces Board Changes
November 18, 2022 at 06:30 am EST
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RiverNorth Opportunities Fund, Inc. announced that Lisa Mougin has been appointed to the Board of Directors of the fund as an independent director, effective immediately. Ms. Mougin is an experienced senior executive with many years of investment management industry experience in sales, client relationship and operations. Ms. Mougin was most recently President and Chief Operating Officer of the TIFIN affiliated Positivly and Louise platforms. Prior to that Ms. Mougin was a member of the executive team that built ALPS Fund Services into a leader in the mutual fund and hedge fund industries.
During the span of 20 years at ALPS, Lisa led the Sales and Relationship Management Teams to achieving significant growth of the firm's client base and revenues. In addition, the fund announced the retirement of director/trustee John S. Oakes. John has been a member of the Board for over 12 years.
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.