Company: RIV
Filing Date: 2025-09-05
Form Type: N-CSR
Source: 0001398344-25-017710
Chunk: 95

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-05
Form: N-CSR
Chunk 95
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                                                           |
|:------------------------------------------------------------|:----------------------|:---------------------------------------------------------------------------|:---------------------------------|:----------------------------------------------------------------------------|:---------------|:----------------------------------------------------------|
| Portfolio Manager                                           | Registered Investment 
 Companies             
 (other than the Fund) | Registered Investment Companies Subject to Performance-Based Advisory Fees | Other Pooled Investment Vehicles | Other Pooled Investment Vehicles Subject to Performance-Based Advisory Fees | Other Accounts | Other Accounts Subject to Performance-Based Advisory Fees |
| Patrick W. Galley                                           | 13                    
 $3.71B                | 0                                                                          
 $0                                                                         | 6                                
 $1.09B                           | 6                                                                           
 $1.09B                                                                      | 10             
 $93.71M        | 10                                                        
 $93.71M                                                   |
| Stephen A. O’Neill                                          | 11                    
 $3.70B                | 0                                                                          
 $0                                                                         | 6                                
 $1.09B                           | 6                                                                           
 $1.6B                                                                       | 10             
 $93.71M        | 10                                                        
 $93.71M                                                   |

(a)(3) Compensation of Portfolio Managers and Material
Conflicts of Interest

Adviser Compensation

As of June 30, 2025, Messrs. Galley’s
and O’Neill’s total compensation package, like others in the Adviser’s business, is a package designed to attract and
retain investment professionals. The compensation package includes a base salary fixed from year to year. The amount of the base salary
is assessed for its competitiveness in the industry and geographic location of the Adviser. The compensation package also provides for
an annual but variable performance bonus. The performance bonus reflects individual performance of the portfolio manager in his or her
allocated duties and responsibilities. While performance of the funds managed by the portfolio manager is considered in determining the
annual performance bonus, it is but one factor. The overall success of the Adviser in its business objectives and the performance of the
Adviser’s business as a whole are more important factors than the investment performance of a particular fund or account. Messrs.
Galley and O’Neill also participate in a 401K program on the same basis as other officers of the Adviser, which includes matching
of employee contributions up to a certain percent of the portfolio manager’s base salary. Those portfolio managers that are also
equity stakeholders in the Adviser or its affiliates may also receive periodic distribution of profits from business operations.

Conflicts of Interest

Actual or apparent