Company: RIV
Filing Date: 2025-05-21
Form Type: 424B5
Source: 0001398344-25-009946
Chunk: 101

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-05-21
Form: 424B5
Chunk 101
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Removal of Directors

The Fund’s Charter provides that, subject to the rights of the holders of one or more class or series of the Fund’s Preferred Shares to elect or remove directors, a director may be removed from office only for cause (as defined in the Charter) and then only by the affirmative vote of the holders of at least two-thirds of the votes entitled to be cast generally in the election of directors.

Absence of Cumulative Voting

There is no cumulative voting in the election of the Fund’s directors. Cumulative voting means that holders of stock of a corporation are entitled, in the election of directors, to cast a number of votes equal to the number of shares that they own multiplied by the number of directors to be elected. Because a stockholder entitled to cumulative voting may cast all of his or her votes for one nominee or disperse his or her votes among nominees as he or she chooses, cumulative voting is generally considered to increase the ability of minority shareholders to elect nominees to a corporation’s Board. In general, the absence of cumulative voting means that the holders of a majority of the Fund’s shares can elect all of the directors then standing for election and the holders of the remaining shares will not be able to elect any directors.

Approval of Extraordinary Corporate Actions

The Fund’s Charter requires the favorable vote of two-thirds of the entire Board and the favorable vote of the holders of at least two-thirds of the common stock and shares of preferred stock (if any) entitled to be voted on the matter, voting together as a single class, to advise, approve, adopt or authorize the following:

| ● | a                                                     
 “Business Combination,” which includes the following: |

| ○ | a                                                                                       
 merger, consolidation or statutory share exchange of the Fund with another corporation; |

| ○ | an                                                                                            
 issuance or transfer by the Fund (in one or a series of transactions in any 12 month          
 period) of any securities of the Fund to any person or entity for cash, securities or         
 other property (or combination thereof) having an aggregate fair market value of $1,000,000   
 or more, excluding issuances or transfers of debt securities of the Fund, sales of securities 
 of the Fund in connection with a public offering, issuances of securities of the Fund         
 pursuant to a dividend reinvestment plan adopted by the Fund, issuances of securities         
 of the Fund upon the exercise of any stock subscription rights distributed by the Fund        
 and portfolio transactions effected by the Fund in the ordinary