RiverNorth Opportunities Fund, Inc. Declares Monthly Distributions of $0.18 Per Share, Payable on January 31, 2020, February 28, 2020 and March 31, 2020
January 03, 2020 at 09:00 am EST
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RiverNorth Opportunities Fund, Inc. announced the declaration of monthly distributions of $0.18 per share. Under the Fund's level distribution policy, the distribution rate has been reset to an amount equal to approximately 12.5% (annualized) of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2019 calendar year. Based on the Fund's current NAV per share of $17.08 (as of market close December 31, 2019), the distributions represent an annualized distribution rate of 12.65%. The dividends will be Payable on January 31, 2020, February 28, 2020 and March 31, 2020, with a record dates of January 17, 2020, February 14, 2020 and March 17, 2020. The ex-dates will be January 16, 2020, February 13, 2020 and March 16, 2020.
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. Declares Monthly Distributions of $0.18 Per Share, Payable on January 31, 2020, February 28, 2020 and March 31, 2020
RIVERNORTH OPPORTUNITIES FUND, INC. 
