Company: RIV
Filing Date: 2025-03-21
Form Type: N-2/A
Source: 0001398344-25-005840
Chunk: 97

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-03-21
Form: N-2/A
Chunk 97
---
 personal information about its customers:

| ● | Only                                                                                        
 such information received from you, through application forms or otherwise, and information 
 about your Fund transactions will be collected.                                             |

| ● | None                                                                                    
 of such information about you (or former customers) will be disclosed to anyone, except 
 as permitted by law (which includes disclosure to employees necessary to service your   
 account).                                                                               |

| ● | Policies                                                                               
 and procedures (including physical, electronic and 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 MARCH 21, 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