Company: RIV
Filing Date: 2025-09-05
Form Type: N-CSR
Source: 0001398344-25-017710
Chunk: 71

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-05
Form: N-CSR
Chunk 71
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 increasingly interconnected global economies
and financial markets.

The COVID-19 pandemic has negatively affected
the worldwide economy, as well as the economies of individual countries, the financial health of individual companies and the market in
general in significant and unforeseen ways. On May 5, 2023, the World Health Organization declared the end of the global emergency status
for COVID-19. The United States subsequently ended the federal COVID-19 public health emergency declaration effective May 11, 2023. Although
vaccines for COVID-19 are widely available, it is unknown how long certain circumstances related to the pandemic will persist, whether
they will reoccur in the future, and what additional implications may follow from the pandemic. The impact of these events and other epidemics
or pandemics in the future could adversely affect the Fund’s performance.

The impairment or failure of one or more banks
with whom the Fund transacts may inhibit the Fund’s ability to access depository accounts. In such cases, the Fund may be forced
to delay or forgo investments, resulting in lower Fund performance. In the event of such a failure of a banking institution where the
Fund holds depository accounts, access to such accounts could be restricted and U.S. Federal Deposit Insurance Corporation (“FDIC”)
protection may not be available for balances in excess of amounts insured by the FDIC. In such instances, the Fund may not recover such
excess, uninsured amounts.

RiverNorth Opportunities Fund, Inc.

Recently, the United States has enacted or proposed
to enact significant new tariffs, and various federal agencies have been directed to further evaluate key aspects of U.S. trade policy,
which could potentially lead to significant changes to current policies, treaties, and tariffs. There continues to exist significant uncertainty
about the future relationship between the U.S. and other countries with respect to such trade policies, treaties and tariffs. These developments,
or the perception that any of them could occur, may have a material adverse effect on global trade, in particular, trade between the impacted
nations and the U.S.; global financial markets’ stability; and global economic conditions. These events could, in turn, adversely
affect the Fund’s performance.

Advancements in technology may also adversely
impact markets and the overall performance of the Fund. For instance, the economy may be significantly impacted by the advanced development
and increased regulation of artificial intelligence. As the use of technology grows, liquidity and market movements may be affected. As
artificial intelligence is used