Company: RIV
Filing Date: 2025-09-08
Form Type: 424B2
Source: 0001398344-25-017856
Chunk: 7

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-08
Form: 424B2
Chunk 7
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 By their nature,
all forward-looking statements involve risks and uncertainties, and actual results could differ materially from those contemplated by
the forward-looking statements. Several factors that could materially affect the Fund’s actual results are the performance of the
portfolio of securities the Fund holds, the price at which the Fund’s Common Shares will trade in the public markets and other factors
discussed in the Fund’s periodic filings with the SEC. Currently known risk factors that could cause actual results to differ materially
from the Fund’s expectations include, but are not limited to, the factors described in the “Risks” section of the accompanying
Prospectus. The Fund urges you to review carefully that section for a more detailed discussion of the risks of an investment in the Fund’s
securities.

Although the Fund believes that the expectations
expressed in the Fund’s forward-looking statements are reasonable, actual results could differ materially from those projected or
assumed in the Fund’s forward-looking statements. The Fund’s future financial condition and results of operations, as well
as any forward-looking statements, are subject to change and are subject to inherent risks and uncertainties, such as those disclosed
in the “Risks” section of the accompanying Prospectus. All forward-looking statements contained or incorporated by reference
in this Prospectus Supplement or the accompanying Prospectus are made as of the date of this Prospectus Supplement or the accompanying
Prospectus, as the case may be. Except for the Fund’s ongoing obligations under the federal securities laws, the Fund does not intend,
and the Fund undertakes no obligation, to update any forward-looking statement.

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<div align='center'>PROSPECTUS SUPPLEMENT SUMMARY</div>

This is only a summary of information contained elsewhere in this Prospectus Supplement and the accompanying Prospectus. This summary does not contain all of the information that you should consider before investing in the Fund’s shares of common stock (the “Common Shares”). You should carefully read the more detailed information contained in this Prospectus Supplement and the accompanying Prospectus and the statement of additional information (“SAI”), dated March 31, 2025, especially the information set forth under the heading “Risks.”

The Fund

RiverNorth Opportunities Fund, Inc. (the “Fund”)
is a Maryland corporation registered as a diversified, closed-end management investment company under the Investment Company Act of 1940,
as amended (the “1940 Act”). The common shares began trading on the NYSE on December 24, 2015 and