Company: RIV
Filing Date: 2025-03-07
Form Type: N-CSRS
Source: 0001398344-25-005090
Chunk: 18

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-03-07
Form: N-CSRS
Chunk 18
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 Pricing Services Agreement, ALPS is responsible for calculating
the net asset values, providing additional fund accounting and tax services, and providing fund administration and compliance-related
services to the Fund. DST Systems, Inc. (“DST”) is the parent company of ALPS and DST is a wholly-owned subsidiary of SS&C
Technologies Holdings, Inc., a publicly traded company listed on the NASDAQ Global Select Market. ALPS is entitled to receive a monthly
fee, accrued daily based on the Fund’s average Managed Assets, as defined below, plus a fixed fee for completion of certain regulatory
filings and reimbursement for certain out-of-pocket expenses. Effective October 1, 2022, these fees are paid by the Adviser, not the Fund,
out of the Unified Management Fee.

DST serves as the Transfer Agent to the Fund. Under
the Transfer Agency Agreement, DST is responsible for maintaining all shareholder records of the Fund. Effective October 1, 2022, these
fees of DST are paid by the Adviser, and not the Fund, out of the Unified Management Fee.

RiverNorth Opportunities Fund, Inc.

State Street Bank & Trust Co. serves as the Fund's
custodian. Effective October 1, 2022, the fees of State Street Bank & Trust Co. are paid by the Adviser, and not the Fund, out of
the Unified Management Fee.

The Fund pays no salaries or compensation to its officers
or to any interested Director employed by the Adviser, and the Fund has no employees. For their services, the Directors of the Fund who
are not employed by the Adviser, receive an annual retainer in the amount of $16,500, an additional $2,000 for attending each quarterly
meeting of the Board and an additional fee of $1,500 for each special meeting of the Board. In addition, the lead Independent Director
receives $1,333 annually, the Chair of the Audit Committee receives $1,111 annually and the Chair of the Nominating and Corporate Governance
Committee receives $667 annually. The Directors not employed by the Adviser are also reimbursed for all reasonable out-of-pocket expenses
relating to attendance at meetings of the Board.

The Chief Compliance Officer ("CCO") of
the Fund is an employee of the Adviser. The Fund reimburses the Adviser for certain compliance costs related to the Fund, including a
portion of the CCO's compensation.

Managed Assets: For these purposes, the term