Company: RIV
Filing Date: 2025-03-21
Form Type: N-2/A
Source: 0001398344-25-005840
Chunk: 16

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-03-21
Form: N-2/A
Chunk 16
---
 trading on the NYSE in December 2015.

The Fund’s common shares have traded both at a premium and at a discount in relation to NAV. Shares of closed-end investment companies frequently trade at a discount from NAV. The Fund’s issuance of the Common Shares may have an adverse effect on prices in the secondary market for the Fund’s common shares by increasing the number of common shares available, which may put downward pressure on the market price for the Fund’s common shares.

The Fund may (but is not obligated to) take action to repurchase shares in the open market or make tender offers for its shares at or near NAV. During the pendency of any tender offer, the Fund will publish how common shareholders may readily ascertain the NAV. Repurchase of the common shares may have the effect of reducing any market discount to NAV. There is no assurance that, if action is undertaken to repurchase or tender for shares, such action will result in the shares trading at a price which approximates their NAV. Please see “Repurchase of Shares” for more information.

The following table sets forth for each of the periods indicated the high and low closing market prices for common shares of the Fund on the NYSE, the NAV per share and the premium or discount to NAV per share at which the Fund’s common shares were trading. NAV is determined daily as of the close of regular trading on the NYSE (normally 4:00 p.m. Eastern Time). See “Net Asset Value” for information as to the determination of the Fund’s NAV.

| Quarter 
 Ended   |              |   Market 
 Price(1) |        |      NAV(2) |            | Market                       
 Premium (Discount) to NAV(3) |         |
|         |              |     High |    Low | Market High | Market Low | Market High                  | Market  
 Low     |
| 2024    | December 31  |   $12.95 | $11.48 |      $12.77 |     $12.22 | 1.41%                        | -6.06%  |
|         | September 30 |   $12.92 | $11.81 |      $12.78 |     $12.32 | 1.10%                        | -4.14%  |
|         | June         
 30(4)        |   $12.32 | $11.94 |      $12.66 |     $12.34 | -2.69%                       | -