Company: RIV
Filing Date: 2025-09-05
Form Type: N-CSR
Source: 0001398344-25-017710
Chunk: 10

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-05
Form: N-CSR
Chunk 10
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 |     |   |             – |      |     |   |             – |      |
| $ |         23.45 |   |     | $ |            23.04 |      |     | $ |         23.40 |      |     | $ |         24.41 |      |     |   |             – |      |     |   |             – |      |

See Notes to Financial Statements.

| 28 | www.rivernorth.com |

RiverNorth Opportunities Fund, Inc.

| Financial Highlights | For a common share outstanding throughout the periods presented. |

| (b) | Calculated using average common shares throughout the period. |

| (c) | Less than ($0.005) per share. |

| (d) | Represents the impact of the Fund's rights offering of 2,752,078                                                                     
 common shares in November 2022 at a subscription price per share based on a formula. For more details, please refer to Note 8 of the 
 Notes to Financial Statements.                                                                                                       |

| (e) | Represents the impact of the Fund's rights offering of 4,373,407                                                                     
 common shares in November 2021 at a subscription price per share based on a formula. For more details, please refer to Note 8 of the 
 Notes to Financial Statements.                                                                                                       |

| (f) | Represents the impact of the Fund's rights offering of 575,706                                                                       
 common shares in November 2020 at a subscription price per share based on a formula. For more details, please refer to Note 8 of the 
 Notes to Financial Statements.                                                                                                       |

| (g) | Represents the impact of the Fund's rights offering of 2,163,193                     
 common shares in November 2019 at a subscription price per share based on a formula. |

| (h) | Total investment return is calculated assuming a purchase of                                                                                    
 a common share at the opening on the first day and a sale at closing on the last day of each period reported. For purposes of this calculation, 
 dividends and distributions, if any, are assumed to be reinvested at prices obtained under the Fund’s dividend reinvestment plan.               
 Total investment returns do not reflect brokerage commissions, if any. Total return on Market Price does not reflect any sales load paid        
 by investors. Periods less than one year are not annualized.                                                                                    |

| (i) | Not annualized. |

| (j) | The ratios