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

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-08
Form: 424B2
Chunk 25
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 the Fund.

The method by which Rights may be exercised
and Common Shares paid for is set forth below in “Method of Exercising Rights” and “Payment for Shares of Stock.”
A Rights holder will have no right to rescind a purchase after the Subscription Agent has received payment. See “Payment for Shares
of Stock” below. Common Shares issued pursuant to an exercise of Rights will be listed on the NYSE. Common Shares issued in connection
with the Offer will not be evidenced by share certificates.

The Rights are transferable until the Expiration
Date and will be admitted for trading on the NYSE. Although no assurance can be given that a market for the Rights will develop, trading
in the Rights on the NYSE will begin on or around the Record Date and may be conducted until the close of trading on the last NYSE trading
day prior to the Expiration Date due to normal settlement procedures.

Rights that are sold will not confer any right
to acquire any Common Shares in the Over-Subscription Privilege. Trading of the Rights on the NYSE will be conducted on a when-issued
basis until and including the date on which the Subscription Certificates are mailed to Record Date Stockholders and thereafter, will
be conducted on a regular way basis until and including the last NYSE trading day prior to the Expiration Date. The method by which Rights
may be transferred is set forth below under “Method of Transferring Rights.” The Common Shares will begin trading ex-Rights
one Business Day prior to the Record Date.

Nominees who hold Common Shares for the account
of others, such as banks, broker-dealers, or depositories for securities, should notify the respective beneficial owners of such Shares
as soon as possible to ascertain such beneficial owners’ intentions and to obtain instructions with respect to the Rights. Nominees
should also notify holders purchasing Rights in the secondary market that such Rights may not participate in the Over-Subscription Privilege.
If the beneficial owner so instructs, the nominee will complete the Subscription Certificate and submit it to the Subscription Agent with
proper payment. In addition, beneficial owners of the Common Shares or Rights held through such a nominee should contact the nominee and
request the nominee to effect transactions in accordance with such beneficial owner’s instructions.

The Fund will not be issuing share certificates for the Common Shares issued pursuant to this Offer. Issuance of Common Shares will be made electronically via book entry by DST, the Fund’s transfer agent.

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Subscription Price