RiverNorth Opportunities Fund, Inc. Approves Distributions for the Month of November and December 2018, Payable on November 30, 2018 and December 31, 2018
September 26, 2018 at 04:32 pm EDT
Share
RiverNorth Opportunities Fund, Inc. announced that its Board of Directors has approved the declaration of monthly distributions for the months of November 2018 and December 2018, and a new level distribution policy effective January 1, 2019. More information on each matter can be found below. The Board has approved November 2018 and December 2018 distributions of $0.21 per share of common stock. Ex-date is November 15, 2018 and December 17, 2018. Record date is November 16, 2018 and December 18, 2018. The dividend will be payable on November 30, 2018 and December 31, 2018.
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. Approves Distributions for the Month of November and December 2018, Payable on November 30, 2018 and December 31, 2018