Company: RIV
Filing Date: 2025-03-21
Form Type: N-2/A
Source: 0001398344-25-005840
Chunk: 4

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-03-21
Form: N-2/A
Chunk 4
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| ● | Overallotment                                                                 
 involves sales in excess of the offering size, which create a short position. |

| ● | Stabilizing                                                                                                                    
 transactions permit bids to purchase the underlying security so long as the stabilizing bids do not exceed a specified maximum 
 price. Stabilizing transactions may occur when the demand for the shares of an offering is less than expected.                 |

| ● | Syndicate-covering                                                                                                            
 or other short-covering transactions involve purchases of the securities, either through exercise of the overallotment option 
 or in the open market after the distribution is completed, to cover short positions.                                          |

| ● | Penalty                                                                                                                          
 bids permit the underwriters to reclaim a selling concession from a dealer when the securities originally sold by the dealer are 
 purchased in a stabilizing or covering transaction to cover short positions.                                                     |

Any of these activities may stabilize or maintain the market price of the Securities above independent market levels. The underwriters are not required to engage in these activities, and may end any of these activities at any time. See "Plan of Distribution."

An investment in the Fund is not appropriate for all investors. No assurances can be given that the Fund will achieve its investment objective.

This Prospectus sets forth concisely the information about the Fund and the Securities that a prospective investor ought to know before investing in the Fund and participating in an offer. You should read this Prospectus, which contains important information about the Fund, before deciding whether to invest in the Fund’s common stock, and retain it for future reference. A Statement of Additional Information dated [ ] (the “SAI”), containing additional information about the Fund, has been filed with the Securities and Exchange Commission (“SEC”) and is incorporated by reference in its entirety into this Prospectus, which means that it is part of this Prospectus for legal purposes. You may request a free copy of the SAI, the Fund’s Annual and Semi-Annual Reports, request other information about the Fund and make shareholder inquiries by calling 1-844-569-4750 (toll-free) or by writing to the Fund at RiverNorth Opportunities Fund, Inc., 360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL 33401, or obtain a copy of such documents (and other information regarding the Fund) by visiting the Fund’s website at rivernorth.com/riv(information included on the website does not form a part of this Prospectus), or from the SEC’s website (sec.gov).