Company: RIV
Filing Date: 2025-09-08
Form Type: 424B2
Source: 0001398344-25-017856
Chunk: 24

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-08
Form: 424B2
Chunk 24
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 which were
not otherwise subscribed for by others in the Primary Subscription (the Over-Subscription Privilege). If enough shares are available,
all of these requests will be honored in full. If the requests for Over-Subscription Shares exceed the Over-Subscription Shares available,
the available Over-Subscription Shares will be allocated pro rata to stockholders who over-subscribed based on the number of Rights originally
issued to them.

For purposes of determining the maximum number
of Shares a Record Date Stockholder may acquire pursuant to the Offer, broker-dealers whose Common Shares are held of record by Cede,
nominee for DTC, or by any other depository or nominee, will be deemed to be the holders of the Rights that are issued to Cede or such
other depository or nominee on their behalf. Common Shares acquired pursuant to the Over-Subscription Privilege are subject to allotment,
which is more fully discussed below under “Over-Subscription Privilege.” Rights acquired in the secondary market may not participate
in the Over-Subscription Privilege.

Officers of the Adviser have indicated to
the Fund that the Adviser and the Directors and Officers of the Fund (the “Affiliated Parties”), as Record Date Stockholders,
have been authorized to purchase Common Shares through the Primary Subscription and the Over-Subscription Privilege to the extent the
Common Shares becomes available to them in accordance with the Primary Subscription and the allotment provisions of the Over-Subscription
Privilege. Such Over-Subscriptions by the Affiliated Parties may disproportionately increase their already existing ownership resulting
in a higher percentage ownership of outstanding shares of the Fund. Any Common Shares acquired in the Offer by the Affiliated Parties
as “affiliates” of the Fund, as that term is defined under the Securities Act of 1933, as amended (the “Securities Act”),
may only be sold in accordance with Rule 144 under the Securities Act or another applicable exemption or pursuant to an effective registration
statement under the Securities Act. In general, under Rule 144, as currently in effect, an “affiliate” of the Fund is entitled
to sell, within any three-month period, a number of shares that does not exceed the greater of 1% of the then outstanding shares of common
stock or the average weekly reported trading volume of the common stock during the four calendar weeks preceding such sale. Sales under
Rule 144 are also subject to certain restrictions on the manner of sale, to notice requirements and to the availability of current public
information about