Company: RIV
Filing Date: 2025-05-21
Form Type: 424B5
Source: 0001398344-25-009946
Chunk: 4

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-05-21
Form: 424B5
Chunk 4
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2023, the Fund entered
into a credit agreement with BNP Paribas (“BNP Credit Agreement”). The BNP Credit Agreement permits the Fund to borrow funds
that are collateralized by assets held at BNP Paribas pursuant to the agreement. Under the terms of the BNP Credit Agreement, the Fund
may borrow up to $25,000,000 bearing an interest rate of the Overnight Bank Funding Rate plus a fixed rate determined by the securities
pledged as collateral. Any unused portion of the BNP Credit Agreement is subject to a commitment fee of 0.50% of the unused portion of
the facility until a utilization of 80% or greater is met.

Capitalized terms used herein that
are not otherwise defined shall have the meanings assigned to them in the accompanying Prospectus.

This Prospectus Supplement,
together with the accompanying Prospectus, sets forth concisely the information that you should know before investing. You should
read the accompanying Prospectus and Prospectus Supplement, which contain important information, before deciding whether to invest
in the Fund’s Common Shares. You should retain the accompanying Prospectus and Prospectus Supplement for future reference. A
statement of additional information (“SAI”), dated March 31, 2025, as supplemented from time to time, containing
additional information, has been filed with the (“SEC”) and is incorporated by reference in its entirety into this
Prospectus Supplement and the accompanying Prospectus. This Prospectus Supplement, the accompanying Prospectus and the SAI are part
of a “shelf” registration statement that the Fund filed with the SEC. This Prospectus Supplement describes the specific
details regarding this offering, including the method of distribution. If information in this Prospectus Supplement is inconsistent
with the accompanying Prospectus or the SAI, you should rely on this Prospectus Supplement. You may request a free copy of the SAI,
request a free copy of the Fund’s annual and semi-annual reports, request other information or make stockholder inquiries, by
calling toll-free 1- 844-569-4750 or by writing to the Fund at RiverNorth Opportunities Fund, Inc., 360 South Rosemary Avenue, Suite
1420, West Palm Beach, FL 33401. The Fund’s annual and semi-annual reports also are available on the Fund’s website,
free of charge, at rivernorth.com/riv (information included on the website does not
form a part of this Prospectus Supplement or accompanying Prospectus