Company: RIV
Filing Date: 2025-09-05
Form Type: N-CSR
Source: 0001398344-25-017710
Chunk: 23

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-05
Form: N-CSR
Chunk 23
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, the Adviser accrued fees of $4,752,520, of which $389,951
remained payable at June 30, 2025.

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RiverNorth Opportunities Fund, Inc.

ALPS Fund Services, Inc. (‘‘ALPS’’)
serves as administrator to the Fund. Under an Administration, Bookkeeping and Pricing Services Agreement, ALPS is responsible for calculating
the net asset values, providing additional fund accounting and tax services, and providing fund administration and compliance-related
services to the Fund. DST Systems, Inc. (“DST”) is the parent company of ALPS and DST is a wholly-owned subsidiary of SS&C
Technologies Holdings, Inc., a publicly traded company listed on the NASDAQ Global Select Market. ALPS is entitled to receive a monthly
fee, accrued daily based on the Fund’s average Managed Assets, as defined below, plus a fixed fee for completion of certain regulatory
filings and reimbursement for certain out-of-pocket expenses. Effective October 1, 2022, these fees are paid by the Adviser, not the Fund,
out of the Unified Management Fee.

DST serves as the Transfer Agent to the Fund.
Under the Transfer Agency Agreement, DST is responsible for maintaining all shareholder records of the Fund. Effective October 1, 2022,
these fees of DST are paid by the Adviser, and not the Fund, out of the Unified Management Fee.

State Street Bank & Trust Co. serves as the
Fund's custodian. Effective October 1, 2022, the fees of State Street Bank & Trust Co. are paid by the Adviser, and not the Fund,
out of the Unified Management Fee.

The Fund pays no salaries or compensation to its
officers or to any interested Director employed by the Adviser, and the Fund has no employees. For their services, the Directors of the
Fund who are not employed by the Adviser, receive an annual retainer in the amount of $16,500, an additional $2,000 for attending each
quarterly meeting of the Board and an additional fee of $1,500 for each special meeting of the Board. In addition, the lead Independent
Director receives $1,333 annually, the Chair of the Audit Committee receives $1,111 annually and the Chair of the Nominating and Corporate
Governance Committee receives $667 annually. The Directors not employed by the Adviser are also reimbursed for all reasonable