Company: RIV
Filing Date: 2025-09-08
Form Type: 424B2
Source: 0001398344-25-017856
Chunk: 118

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-08
Form: 424B2
Chunk 118
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 days);                                                |

| ● | The                                
 title of such subscription rights; |

| ● | the                                                                             
 exercise price for such subscription rights (or method of calculation thereof); |

| ● | the                                                                        
 number of such subscription rights issued in respect of each Common Share; |

| ● | The                                                                          
 number of subscription rights required to purchase a single Preferred Share; |

| ● | the                                                                                    
 extent to which such subscription rights are transferable and the market on which they 
 may be traded if they are transferable;                                                |

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| ● | if                                                                                         
 applicable, a discussion of the material U.S. federal income tax considerations applicable 
 to the issuance or exercise of such subscription rights;                                   |

| ● | the                                                                                      
 date on which the right to exercise such subscription rights will commence, and the date 
 on which such right will expire (subject to any extension);                              |

| ● | the                                                                                   
 extent to which such subscription rights include an over-subscription privilege with  
 respect to unsubscribed securities and the terms of such over-subscription privilege; |

| ● | any                                                                                       
 termination right the Fund may have in connection with such subscription rights offering; |

| ● | the                                              
 expected trading market, if any, for rights; and |

| ● | any                                                                                          
 other terms of such subscription rights, including exercise, settlement and other procedures 
 and limitations relating to the transfer and exercise of such subscription rights.           |

Exercise of Subscription Rights.Each subscription right would entitle the holder of the subscription right to purchase for cash such number of shares at such exercise price as in each case is set forth in, or be determinable as set forth in the Prospectus Supplement relating to the subscription rights offered thereby. Subscription rights would be exercisable at any time up to the close of business on the expiration date for such subscription rights set forth in the Prospectus Supplement. After the close of business on the expiration date, all unexercised subscription rights would become void.

Upon expiration of the rights offering and the receipt of payment and the subscription rights certificate properly completed and duly executed at the corporate trust office of the subscription rights agent or any other office indicated in the Prospectus Supplement, the Fund would issue, as soon as practicable, the Common Shares and/or Preferred Shares purchased as a result of such exercise. To the extent permissible under applicable law, the Fund may determine to offer any unsubscribed offered securities directly to persons other than shareholders, to or through agents, underwriters or dealers