Company: RIV
Filing Date: 2025-09-05
Form Type: N-CSR
Source: 0001398344-25-017710
Chunk: 49

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-05
Form: N-CSR
Chunk 49
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 it is employed.

Market and Net Asset Value Information

The Fund’s Common Shares are listed on the
NYSE under the symbol “RIV.” The Fund’s Common Shares commenced trading on the NYSE in December 2015.

The Fund’s Common Shares have traded both
at a premium and a discount to NAV. The Fund cannot predict whether the Common Shares will trade in the future at a premium or discount
to NAV. The provisions of the 1940 Act generally require that the public offering price of Common Shares (less any underwriting commissions
and discounts) must equal or exceed the NAV per share of a company’s common stock (calculated within 48 hours of pricing). The Fund’s
issuance of Common Shares may have an adverse effect on prices in the secondary market for the Fund’s Common Shares by increasing
the number of Common Shares available, which may put downward pressure on the market price for the Fund’s Common Shares. Shares
of common stock of closed-end investment companies frequently trade at a discount from NAV.

RiverNorth Opportunities Fund, Inc.

The following table shows, for each fiscal quarter
since the quarter ended January 31, 2021: (i) high and low NAVs per share of common stock, (ii) the high and low sale prices per share
of common stock, as reported in the consolidated transaction reporting system, and (iii) the percentage by which the Common Shares traded
at a premium over, or discount from, the high and low NAVs per shares of common stock. The Fund’s NAV per Common Share is determined
on a daily basis.

| Quarter Ended |              | Market Price(1) |        |      NAV(2) |            | Market Premium       
 (Discount) to NAV(3) |            |
|               |              |            High |    Low | Market High | Market Low | Market High          | Market Low |
| 2021          | October 31   |          $18.75 | $16.71 |      $17.12 |     $16.87 | 9.52%                | -0.95%     |
|               | July 31      |          $18.75 | $16.75 |      $17.24 |     $17.02 | 8.76%                | -1.59%     |
|               | April 30     |          $17.88 | $16.71 |      $17.23 |     $16.61 | 3