Company: RIV
Filing Date: 2025-05-21
Form Type: 424B5
Source: 0001398344-25-009946
Chunk: 96

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-05-21
Form: 424B5
Chunk 96
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 be transferable by the person purchasing or receiving the subscription rights. In connection with a subscription rights offering to holders of Common Shares and/or Preferred Shares, the Fund would distribute certificates evidencing the subscription rights and a Prospectus Supplement, containing all of the material terms of the subscription rights agreement relating to such subscription rights (the “Subscription Rights Agreement”), to our common or preferred shareholders as of the record date that we set for determining the shareholders eligible to receive subscription rights in such subscription rights offering. For complete terms of the subscription rights, please refer to the actual terms of such subscription rights which will be set forth in the Subscription Rights Agreement.

The applicable Prospectus Supplement would describe the following terms of subscription rights in respect of which this Prospectus is being delivered:

| ● | the                                                                                    
 period of time the offering would remain open (which will be open a minimum number of  
 days such that all record holders would be eligible to participate in the offering and 
 will not be open longer than 120 days);                                                |

| ● | The                                
 title of such subscription rights; |

| ● | the                                                                             
 exercise price for such subscription rights (or method of calculation thereof); |

| ● | the                                                                        
 number of such subscription rights issued in respect of each Common Share; |

| ● | The                                                                          
 number of subscription rights required to purchase a single Preferred Share; |

| ● | the                                                                                    
 extent to which such subscription rights are transferable and the market on which they 
 may be traded if they are transferable;                                                |

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| ● | if                                                                                         
 applicable, a discussion of the material U.S. federal income tax considerations applicable 
 to the issuance or exercise of such subscription rights;                                   |

| ● | the                                                                                      
 date on which the right to exercise such subscription rights will commence, and the date 
 on which such right will expire (subject to any extension);                              |

| ● | the                                                                                   
 extent to which such subscription rights include an over-subscription privilege with  
 respect to unsubscribed securities and the terms of such over-subscription privilege; |

| ● | any                                                                                       
 termination right the Fund may have in connection with such subscription rights offering; |

| ● | the                                              
 expected trading market, if any, for rights; and |

| ● | any                                                                                          
 other terms of such subscription rights, including exercise, settlement and other procedures 
 and limitations relating to the transfer and exercise of such subscription rights.           |

Exercise of Subscription Rights.Each subscription right would entitle the holder of