Company: RIV
Filing Date: 2025-09-05
Form Type: N-CSR
Source: 0001398344-25-017710
Chunk: 91

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-05
Form: N-CSR
Chunk 91
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DST Systems, Inc.

Custodian

State Street Bank and Trust Company

Independent Registered

Public Accounting Firm

Cohen & Company, Ltd.

RiverNorth Capital Management, LLC

360 South Rosemary Avenue, Suite 1420

West Palm Beach, FL 33401

Secondary market support provided to the Fund by ALPS Fund Services,
Inc.’s affiliate ALPS Distributors, Inc., a FINRA member.

This report is provided for the general information of the shareholders
of the RiverNorth Opportunities Fund, Inc. This report is not intended for distribution to prospective investors in the Fund, unless preceded
or accompanied by an effective prospectus.

| (b) | Not applicable. |

| Item 2. | Code of Ethics. |

| (a) | The RiverNorth Opportunities Fund, Inc. (the “Fund” or the “Registrant”), as of the end of the period covered                          
 by the report, has adopted a Code of Ethics that applies to the Registrant’s Principal Executive Officer, Principal Financial Officer, 
 Principal Accounting Officer or Controller or any persons performing similar functions on behalf of the Registrant.                    |

| (b) | Not applicable. |

| (c) | During the period covered by this report, no amendments were made to the provisions of the Code of Ethics referenced in 2(a) above. |

| (d) | During the period covered by this report, no implicit or explicit waivers to the provision of the Code of Ethics referenced in 2(a) 
 above were granted.                                                                                                                 |

| (e) | Not applicable. |

| (f) | The Registrant has included with this filing, pursuant to Item 19(a)(1), a copy of its code of ethics that applies to the registrant's         
 principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, 
 as an exhibit to its annual report on this Form N-CSR.                                                                                         |

| Item 3. | Audit Committee Financial Expert. |

The Registrant’s Board of Directors has determined
that the Registrant has as least one audit committee financial expert serving on its Audit Committee. The Board of Directors has designated
J. Wayne Hutchens as the Registrant’s “audit committee financial expert.” Mr. Hutchens is “independent”
as defined in paragraph (a)(2) of Item 3 to Form N-CSR.

| Item 4. | Principal Accountant Fees and Services. |

| (a) | Audit Fees