Company: RIV
Filing Date: 2025-09-05
Form Type: N-CSR
Source: 0001398344-25-017710
Chunk: 22

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-05
Form: N-CSR
Chunk 22
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 FEES, DIRECTOR FEES AND OTHER AGREEMENTS

RiverNorth serves as the adviser pursuant to an
Investment Advisory Agreement with the Fund (the "Advisory Agreement"). Pursuant to the Advisory Agreement, the Fund pays RiverNorth
an annual management fee of 1.30% of the Fund’s average daily Managed Assets (as defined below) for the services it provides. This
management fee paid by the Fund to the Adviser is essentially an all-in fee structure (the “unified management fee”) and,
as part of the unified management fee, the Adviser provides or causes to be furnished all supervisory and administrative and other services
reasonably necessary for the operation of the Fund, except the Fund pays, in addition to the unified management fee, taxes and governmental
fees (if any) levied against the Fund; brokerage fees and commissions and other portfolio transaction expenses incurred by or for the
Fund; costs of borrowing money including interest expenses or engaging in other types of leverage financing; dividend and/or interest
expenses and other costs associated with the Fund’s issuance, offering, redemption and maintenance of preferred shares or other
instruments for the purpose of incurring leverage; fees and expenses of any underlying funds in which the Fund invests; dividend and interest
expenses on short positions taken by the Fund; fees and expenses, including travel expenses and fees and expenses of legal counsel retained
for the benefit of the Fund or directors of the Fund who are not officers, employees, partners, stockholders or members of the Adviser
or its affiliates; fees and expenses associated with and incident to stockholder meetings and proxy solicitations involving contested
elections of directors, stockholder proposals or other non-routine matters that are not initiated or proposed by the Adviser; legal, marketing,
printing, accounting and other expenses associated with any future share offerings, such as rights offerings and shelf offerings, following
the Fund’s initial offering; expenses associated with tender offers and other share repurchases and redemptions; and other extraordinary
expenses, including extraordinary legal expenses, as may arise, including without limit, expenses incurred in connection with litigation,
proceedings, other claims and the legal obligations of the Fund to indemnify its directors, officers, employees, stockholders, distributors
and agents with respect thereto. The unified management fee is designed to pay substantially all of the Fund’s expenses and to compensate
the Adviser for providing services for the Fund. For the year ended June 30, 2025