Company: RIV
Filing Date: 2025-02-18
Form Type: CORRESP
Source: 0001398344-25-003053
Chunk: 0

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-02-18
Form: CORRESP
Chunk 0
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<div align='center'>Faegre Drinker Biddle & Reath LLP

320 South Canal Street, Suite 3300

Chicago, IL 60606

(312) 569-1000 (Phone)

(312) 569-3000 (Facsimile)

www.faegredrinker.com

February 18, 2025</div>

VIA EDGAR TRANSMISSION

U.S. Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

Attention: Lauren Hamilton and Lisa Larkin

| Re: | RiverNorth                            
 Opportunities Fund, Inc. (the “Fund”) |
|     | -File                                 
 Nos. 333-283156; 811-22472            |
|     | Response                              
 to Examiner Comments on N-2           |

Dear Ms. Hamilton and Ms. Larkin:

This letter responds to the staff’s comments that you provided via telephone on December 13, 2024 and December 17, 2024, in connection with your review of the Fund’s above-referenced registration statement (“Registration Statement”) on Form N-2. The changes to the Fund’s disclosure discussed below will be reflected in Pre-Effective Amendment No. 1 to the Fund’s Registration Statement (the “Revised Registration Statement”).

For your convenience, we have repeated each comment below in bold, and our responses follow your comments. Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Registration Statement, unless otherwise indicated.

ACCOUNTING COMMENTS

| 1. | Footnote                                                                                    
 4 in the fee table indicates that leverage costs reflect the cost to the Fund of borrowing. 
 Please explain why this footnote 4 references percentages that relate to the Fund’s         
 preferred shares when there is a separate footnote 5 referencing the information as it      
 relates to dividends on preferred shares. Please clarify what is being included in the      
 Leverage Costs line item versus the Dividends on Preferred Shares line item.                |

The Registrant respectfully notes that the 0.03% fee under the Leverage Costs line item represents the unused borrowing fee paid on the line of credit for the BNP Facility.

The Registrant confirms that the interest and fees on leverage represent the interest rate on the preferred shares. The Revised Registration statement has been updated to state “The interest and fees on leverage is expressed as an interest rate and represents dividends paid on preferred shares.”

| 3. | Please