Company: RIV
Filing Date: 2025-03-07
Form Type: N-CSRS
Source: 0001398344-25-005090
Chunk: 21

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-03-07
Form: N-CSRS
Chunk 21
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a redemption price per share equal to the per share liquidation preference of $25.00 per share, plus accumulated and unpaid dividends,
if any, through the date of redemption.

| Series   |     | First           
 Redemption Date |     | Fixed Rate |     | Shares      
 Outstanding |           |     | Aggregate   
 Liquidation 
 Preference  |            |     | Fair Value |            |
|:---------|:----|:----------------|:----|:-----------|:----|:------------|----------:|:----|:------------|-----------:|:----|:-----------|-----------:|
| Series A |     | May 15, 2027    |     | 6.000%     |     |             | 3,910,000 |     | $           | 97,750,000 |     | $          | 90,203,700 |

8. CAPITAL SHARE TRANSACTIONS

The Fund’s authorized capital stock consists
of 37,500,000 shares of common stock, $0.0001 par value per share and 3,910,000 shares of Series A Preferred Stock. Under the rules of
the NYSE applicable to listed companies, the Fund is required to hold an annual meeting of stockholders in each year.

Under the Fund’s Charter, the Board is authorized
to classify and reclassify any unissued shares of stock into other classes or series of stock and authorize the issuance of shares of
stock without obtaining stockholder approval. Also, the Fund’s Board, with the approval of a majority of the entire Board, but
without any action by the stockholders of the Fund, may amend the Fund’s Charter from time to time to increase or decrease the
aggregate number of shares of stock of the Fund or the number of shares of stock of any class or series that the Fund has authority to
issue.

RiverNorth Opportunities Fund, Inc.

During the years ended July 31, 2023 and July 31,
2022, the Board approved rights offerings to participating shareholders of record who were allowed to subscribe for new common shares
of the Fund. Record date shareholders received one right for each common share held on the respective record dates. For every three rights
held, a holder of the rights was entitled to buy one new common share of the Fund. Record date shareholders who fully exercised all rights
initially issued to them in the primary subscription were entitled to buy those common shares that were not purchased by other record
date shareholders. The Fund