Company: RIV
Filing Date: 2025-09-08
Form Type: 424B2
Source: 0001398344-25-017856
Chunk: 124

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-08
Form: 424B2
Chunk 124
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 as to specific 
 investment decisions made or to be made with respect to the Fund’s assets as to             
 which stockholder approval is required under federal or Maryland law.                       |

However, the stockholder vote described above will not be required with respect to the foregoing transactions (other than those as to which stockholder approval is required under federal or Maryland law) if they are approved by a vote of two-thirds of the Continuing Directors (as defined below). In that case, if Maryland law requires stockholder approval, the affirmative vote of a majority of the votes entitled to be cast thereon by stockholders of the Fund will be required. In addition, if the Fund has any Preferred Shares outstanding, the holders of a majority of the outstanding Preferred Shares, voting separately as a class, would be required under the 1940 Act to adopt any plan of reorganization that would adversely affect the holders of the Preferred Shares, to convert the Fund to an open-end investment company or to deviate from any of the Fund’s fundamental investment policies.

“Continuing Director” means any member of the Board who is not an Interested Party (as defined below) or an affiliate of an Interested Party and has been a member of the Board for a period of at least 12 months, or has been a member of the Board since December 2, 2013, or is a successor of a Continuing Director who is unaffiliated with an Interested Party and is recommended to succeed a Continuing Director by a majority of the Continuing Directors then on the Board.

“Interested Party” means any person, other than an investment company advised by the Adviser or any of its affiliates, which enters, or proposes to enter, into a Business Combination with the Fund.

In addition, the Fund’s Charter requires the favorable vote of two-thirds of the entire Board to advise, approve, adopt or authorize any of the following:

| ● | the                               
 election and removal of officers; |

| ● | the                                                                                          
 nomination of candidates to the Board (including the election of directors to fill vacancies 
 on the Board resulting from the increase in size of the Board or the death, resignation      
 or removal of a director, in which case the affirmative vote of two-thirds of the remaining  
 directors in office shall be required);                                                      |

| ● | the                                                                                     
 creation of and delegation of authority and appointment of members to committees of the 
 Board;                                                                                  |

| ● | amendments                                                                            
 to the Fund’s Bylaws (which may only be effected by the Board, not the stockholders); |