Company: RIV
Filing Date: 2025-09-05
Form Type: N-CSR
Source: 0001398344-25-017710
Chunk: 7

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-05
Form: N-CSR
Chunk 7
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 Performance Overview |

June 30, 2025 (Unaudited)

ASSET ALLOCATION as of June 30, 2025^

| ^ | Holdings are subject to change. |

Percentages are based on total investments of the Fund.

TOP TEN HOLDINGS* as of June 30, 2025

|                                                  | % of Net Assets** |
| Pershing Square Holdings, Ltd.                   | 12.05%            |
| iShares Flexible Income Active ETF               | 5.04%             |
| Saba Capital Income & Opportunities Fund         | 3.83%             |
| BlackRock Science and Technology Term Trust      | 3.08%             |
| Saba Capital Income & Opportunities Fund II      | 2.89%             |
| Nuveen Municipal Value Fund, Inc.                | 2.82%             |
| Clough Global Opportunities Fund                 | 2.77%             |
| BlackRock Resources & Commodities Strategy Trust | 2.76%             |
| Calamos Long/Short Equity & Dynamic Income Trust | 2.76%             |
| PIMCO Dynamic Income Strategy Fund               | 2.62%             |
|                                                  | 40.62%            |

| * | Holdings are subject to change and exclude cash equivalents. 
 Only long positions are listed.                              |

| ** | Percentages are based on net assets attributable to common shareholders, 
 including securities sold short.                                         |

RiverNorth Opportunities Fund, Inc.

| Shares                                    
 CLOSED-END FUNDS - COMMON SHARES (59.64%) 
 Great Britain – (12.04%)                  |           |     | Description                                            |     | Value    
 (Note 2) |             |
|:------------------------------------------|----------:|:----|:-------------------------------------------------------|:----|:---------|------------:|
|                                           |   605,478 |     | Pershing Square Holdings, Ltd.                         |     | $        |  32,362,800 |
| United States – (47.60%)                  |           |     |                                                        |     |          |             |
|                                           |   594,115 |     | abrdn Emerging Markets Equity Income Fund, Inc.        |     |          |   3,529,043 |
|                                           |   355,321 |     | abrdn Total Dynamic Dividend Fund                      |     |          |   3,148,144 |
|                                           |   455,