Company: RIV
Filing Date: 2025-03-27
Form Type: CORRESP
Source: 0001398344-25-006106
Chunk: 0

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-03-27
Form: CORRESP
Chunk 0
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<div align='center'>Faegre Drinker Biddle & Reath LLP

320 South Canal Street, Suite 3300

Chicago, IL 60606

(312) 569-1000 (Phone)

(312) 569-3000 (Facsimile)

March 27, 2025</div>

VIA EDGAR TRANSMISSION

U.S. Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

Attention: Lauren Hamilton

Re: RiverNorth Opportunities Fund, Inc. (the “Fund” or the “Registrant”) (File
Nos. 333-283156; 811-22472); Response to Examiner Comments on N-2

Dear Ms. Hamilton:

This letter responds
to the staff’s comments that you provided via telephone on March 25, 2025, in connection with your review of the Fund’s above-referenced
amended registration statement (“Registration Statement”) on Form N-2. The changes to the Fund’s disclosure discussed
below will be reflected in a 424B3 definitive filing (the “Definitive Filing”).

For your convenience,
we have repeated the comments below in bold, and our responses follow your comments. Capitalized terms not otherwise defined herein shall
have the meaning ascribed to them in the Registration Statement, unless otherwise indicated.

ACCOUNTING COMMENTS

The Registrant confirms that the requested disclosure will be
removed from footnote 4 of the fee table and that footnote 5 of the fee table will state the following in the Definitive Filing: “As
of December 31, 2024, the Fund has issued 3,910,000 shares of 6.00% Series A Preferred Stock with a liquidation preference of $97,750,000.
The table assumes the use of leverage representing 27.12% of Managed Assets, which reflects approximately the percentage of the Fund’s
total average Managed Assets attributable to such leverage averaged over the period ended December 31, 2024, at a weighted average annual
expense to the Fund of 6.00%.”

<div align='center'>1</div>

| 2. | In footnote 6 of the fee table, please update the language “Interest Expense on Borrowings” to state “Leverage 
 Costs.”                                                                                                        |

The Fund confirms that footnote 6 of the fee table will state
the following in the Definitive Filing: “