Company: RIV
Filing Date: 2025-04-01
Form Type: 424B3
Source: 0001398344-25-006352
Chunk: 78

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-04-01
Form: 424B3
Chunk 78
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 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); |

| ● | Charter                                                             
 amendments and any other action requiring stockholder approval; and |

| ● | entering                                                        
 into, terminating or amending an investment advisory agreement. |

The Board has determined that the foregoing supermajority requirements applicable to certain votes of the directors and the stockholders, which are greater than the minimum requirements permitted under Maryland law or the 1940 Act, are in the best interests of the Fund. Reference should be made to the Charter on file with the SEC for the full text of these provisions.

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Action by Shareholders

Under the MGCL, stockholder action can be taken only at an annual or special meeting of stockholders or, unless the charter provides for stockholder action by less than unanimous written consent (which is not the case in the Fund’s Charter), by unanimous written consent in lieu of a meeting. These provisions, combined with the requirements of the Fund’s Bylaws regarding the calling of a stockholder-requested special meeting, as discussed below, may have the effect of delaying consideration of a stockholder proposal until the next annual meeting.

Procedures for Stockholder Nominations and Proposals

The Fund’s Bylaws provide that any stockholder desiring to make a nomination for the election of directors or a proposal for new business at a meeting of stockholders must comply with the advance notice provisions of the Bylaws. Nominations and proposals that fail to follow the prescribed procedures will not be considered. The Board believes that it is in the Fund’s best interests to provide sufficient time to enable management to disclose to stockholders information about a slate of nominations for directors or proposals for new business. This advance notice requirement also may give management time to solicit its own proxies in an attempt to defeat