Company: RIV
Filing Date: 2025-05-21
Form Type: 424B5
Source: 0001398344-25-009946
Chunk: 6

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-05-21
Form: 424B5
Chunk 6
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PROSPECTUS SUPPLEMENT SUMMARY</div>

This is only a summary of information contained elsewhere in this Prospectus Supplement and the accompanying Prospectus. This summary does not contain all of the information that you should consider before investing in the Fund’s shares of common stock (the “Common Shares”). You should carefully read the more detailed information contained in this Prospectus Supplement and the accompanying Prospectus and the statement of additional information (“SAI”), dated March 31, 2025, especially the information set forth under the heading “Risks.”

The Fund

RiverNorth Opportunities Fund,
Inc. (the “Fund”) is a Maryland corporation registered as a diversified, closed-end management investment company under the
Investment Company Act of 1940, as amended (the “1940 Act”). An investment in the Fund may not be appropriate for all investors.
There can be no assurance that the Fund will achieve its investment objective.

Adviser

RiverNorth Capital Management,
LLC (the “Adviser” or “RiverNorth”) serves as the Fund’s investment adviser. As of March 31, 2025, RiverNorth
had approximately $5.0 billion in assets under management for registered open-end management investment companies, registered closed-end
management investment companies and private investment vehicles. The Adviser’s address is 360 S. Rosemary Ave, Suite 1420, West
Palm Beach, FL 33401, and its telephone number is (561) 484-7185.

Effective October 1, 2022, the
Fund pays the Adviser a management fee payable on a monthly basis at the annual rate of 1.30% of the Fund’s average daily Managed
Assets 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 (unless otherwise described in this Prospectus
Supplement or the accompanying Prospectus or otherwise agreed to in writing), 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, including interest expenses, of borrowing money or engaging in other types of leverage financing including,
without limit, through the