Company: RIV
Filing Date: 2025-02-18
Form Type: CORRESP
Source: 0001398344-25-003053
Chunk: 1

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-02-18
Form: CORRESP
Chunk 1
---
 include the hyperlink to the Annual Report on Form N-CSR in accordance with the Fast 
 Act throughout the Registration Statement.                                           |

The requested change will be made in the Revised Registration Statement.

| 4. | Please                                                         
 supplementally explain how the following is not contradictory: |

| i. | Footnote                                                                                  
 2 of the fee table states that the unified management fee is charged as a percentage      
 of the Fund’s average daily Managed Assets and that with leverage, Managed Assets         
 are greater in amount than net assets, because Managed Assets include assets attributable 
 to the Fund’s use of leverage created by its borrowings.                                  |

| ii. | On                                                                                          
 page 44, the staff notes that it states: “The Fund may enter into derivatives or            
 other transactions (e.g., total return swaps) that may provide leverage (other than through 
 borrowings or the issuance of preferred shares).” It also states: “These                    
 transactions will not cause the Fund to pay higher advisory or administration fee rates     
 than it would pay in the absence of such transactions.”                                     |

The Fund will remove the following disclosure: “These transactions will not cause the Fund to pay higher advisory or administration fee rates than it would pay in the absence of such transactions.”

DISCLOSURE COMMENTS

| 1. | Please                                                                               
 add back in the footnote to the fee table that stated “Other Expenses, Interest      
 Expense on Borrowings and Dividend and Interest Expense on Short Sales are estimated 
 based on the Fund’s annual report dated […].”                                        |

The requested change will be made in the Revised Registration Statement.

| 2. | The                                                                                          
 staff notes that the Fund is trading at a premium in December. Please explain supplementally 
 whether the Fund expects to make open market purchases. If not, please explain why not       
 and if so, please explain how the price will be determined.                                  |

The Fund confirms that it does not expect to make open market purchases at NAV when trading at a premium, because it has determined that it is not in the best interest of Shareholders of the Fund.

| 3. | Please                                                                                  
 disclose any steps taken to reduce any discount and briefly describe the effects of the 
 measures taken, if applicable, as required by Item 8.5 on Form N-2.                     |

The Fund confirms that it has not yet taken actions to reduce any discount. The Registrant also directs the staff to the disclosure included under the Market and Net Asset Value Information section that states:

In recognition