Company: RIV
Filing Date: 2025-09-08
Form Type: 424B2
Source: 0001398344-25-017856
Chunk: 12

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-08
Form: 424B2
Chunk 12
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 regular way basis until and including the last NYSE trading day prior to the completion of the Subscription
Period. Common Shares will begin trading ex-Rights one Business Day prior to the Record Date.

If the Subscription Agent receives Rights
for sale in a timely manner, it will use its best efforts to sell the Rights on the NYSE. The Subscription Agent will also attempt to
sell any Rights (i) a Rights holder is unable to exercise because the Rights represent the right to subscribe for less than one new Common
Share or (ii) attributable to Stockholders whose record addresses are outside the United States or who have an Army Post Office (“APO”)
or Fleet Post Office (“FPO”) address. See “Restrictions on Foreign Stockholders” and “Terms of the Offer
- Foreign Restrictions.”

Any commissions will be paid by the selling
Rights holders. Neither the Fund nor the Subscription Agent will be responsible if Rights cannot be sold and neither has guaranteed any
minimum sales price for the Rights. If the Rights can be sold, sales of these Rights will be deemed to have been effected at the weighted
average price received by the Subscription Agent on the day such Rights are sold, less any applicable brokerage commissions, taxes and
other expenses.

Stockholders are urged to obtain a recent
trading price for the Rights on the NYSE from their broker, bank, financial advisor or the financial press.

Banks, broker-dealers and trust companies
that hold Common Shares for the accounts of others are advised to notify those persons who purchase Rights in the secondary market that
such Rights will not participate in the Over-Subscription Privilege.

Method for Exercising Rights

Rights may be exercised by completing and
signing the reverse side of the subscription certificate evidencing the Rights (the “Subscription Certificate”) and mailing
it in the envelope provided, or otherwise delivering the completed and signed Subscription Certificate to Computershare Trust Company,
N.A. and Computershare Inc. (the “Subscription Agent”), together with payment for the Common Shares as described below under
“Payment for Shares of Stock.” Rights may also be exercised through a Rights holder’s broker, who may charge the Rights
holder a servicing fee in connection with such exercise. See “Terms of the Offer - Method for Exercising Rights” and “Terms
of the Offer - Payment for Shares of Stock.”

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Restrictions on Foreign Stockholders

Subscription Certificates will only be mailed
to Record Date Stockholders whose addresses are within the United States (