Company: RIV
Filing Date: 2025-05-21
Form Type: POS EX
Source: 0001398344-25-009960
Chunk: 1

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-05-21
Form: POS EX
Chunk 1
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-2 under the Securities Exchange Act of 1934 (“Exchange Act”).                                                                                                                                                 |
| [  ] | If an Emerging Growth Company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act. |
| [  ] | New Registrant (registered or regulated under the Investment Company Act for less than 12 calendar months preceding this filing).                                                                                                                             |

<div align='center'>EXPLANATORY NOTE</div>

This Post-Effective Amendment No. 1 under the Securities Act of 1933,
as amended (“Securities Act”), and Post-Effective Amendment No. 38 under the Investment Company Act of 1940, as amended, to
the Registration Statement on Form N-2 (File Nos. 333-283156 and 811-22472) of the RiverNorth Opportunities Fund, Inc. (as amended, the
“Registration Statement”) is being filed pursuant to Rule 462(d) under the Securities Act, solely for the purpose of filing
Exhibits h.1, h.2 and l.3 to the Registration Statement. No changes have been made to Part A, Part B or Part C of the Registration Statement,
other than Item 25 (2) of Part C as set forth below. Accordingly, this Post-Effective Amendment No. 1 consists only of the facing page,
this explanatory note and Item 25 (2) of the Registration Statement setting forth the exhibits to the Registration Statement. Pursuant
to Rule 462(d) under the Securities Act, this Post-Effective Amendment No. 1 shall become effective immediately upon filing with the Securities
and Exchange Commission. The contents of the Registration Statement are hereby incorporated by reference.

<div align='center'>PART C - OTHER INFORMATION</div>

Item 25: Financial Statements and Exhibits

| 2. | Exhibits: |                                                                                                                                                 |
|    | a.1       | Articles of Amendment and Restatement. (1)                                                                                                      |
|    | a.2       | Certificate of Correction. (15)                                                                                                                 |
|    | a.3       | Articles Supplementary Establishing and Fixing the Rights and Preferences of Perpetual Preferred Shares as of April 6, 2022. (20)               |
|    | b.        | Bylaws, as amended July 16, 2018. (5)