Company: RIV
Filing Date: 2025-02-18
Form Type: N-2/A
Source: 0001398344-25-003061
Chunk: 97

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-02-18
Form: N-2/A
Chunk 97
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 procedural safeguards) are in place 
 that are designed to protect the confidentiality of such information.                  |

| ● | The                                                                                       
 Fund does not currently obtain consumer information. If the Fund were to obtain consumer  
 information at any time in the future, it would employ appropriate procedural safeguards  
 that comply with federal standards to protect against unauthorized access to and properly 
 dispose of consumer information.                                                          |

For more information about the Fund’s privacy policies call 1-844-569-4750 (toll-free).

<div align='center'>91

RiverNorth Opportunities Fund, Inc.

PROSPECTUS

[ ]</div>

Until [ ] (25 days after the date of this Prospectus), all dealers that effect transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealers’ obligation to deliver a prospectus when acting as underwriters.

<div align='center'>The information in this Statement of Additional Information is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This Statement of Additional Information is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state or other jurisdiction where the offer or sale is not permitted.

SUBJECT TO COMPLETION, DATED February 18, 2025

RIVERNORTH OPPORTUNITIES FUND, INC. (THE “FUND”)

STATEMENT OF ADDITIONAL INFORMATION

DATED [ ]</div>

The Fund is a diversified, closed-end management investment company. The Fund’s investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds, exchange-traded funds (“ETFs”), business development companies (“BDCs” and collectively, “Underlying Funds”) and special purpose acquisition companies (“SPACs”). There is no assurance that the Fund will achieve its investment objective.

This Statement of Additional Information (“SAI”) relates to the Fund’s (i) shares of common stock, $0.0001 par value per share (the “Common Shares” and holders of such Common Shares the “Common Shareholders”), (ii) shares of preferred stock (the “Preferred Shares”) and (iii) subscription rights to purchase Common Shares, Preferred Shares or both (“Rights” and together with the Common Shares and Preferred Shares, "Sec