Company: RIV
Filing Date: 2025-03-27
Form Type: CORRESP
Source: 0001398344-25-006106
Chunk: 1

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-03-27
Form: CORRESP
Chunk 1
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Other Expenses, Leverage Costs and Dividend and Interest Expense on Short Sales are estimated
based on the Fund’s semi-annual report dated December 31, 2024.”

| 3. | In footnote 8 of the fee table, please update the following sentence to reference the dividends paid on Preferred Shares: “The 
 interest and fees on leverage is expressed as an interest rate.”                                                               |

The Fund confirms that footnote 8 of the fee table will state
the following in the Definitive Filing: “The example does not include sales load or estimated offering costs. The example should
not be considered a representation of future expenses. The example assumes that the estimated “Other Expenses” set forth in
the table are accurate and that all dividends and distributions are reinvested at net asset value and that the Fund is engaged in leverage
of 27.12% of Managed Assets, assuming interest and fees on leverage of 6.00%, including the unused borrowing fee paid on the line of credit
for the BNP Facility (defined below), as well as the Fund’s continued use of Preferred Shares. The interest and fees on leverage
is expressed as a dividend rate and represents dividends paid on Preferred Shares. Actual expenses may be greater or less than those
shown. Moreover, the Fund’s actual rate of return may be greater or less than the hypothetical 5% annual return shown in the example.”

We trust that the
foregoing is responsive to your comments. Questions and comments concerning this filing may be directed to the undersigned at (312) 569-1107.

| Sincerely,            |
| /s/ David L. Williams |
| David L. Williams     |

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