Company: RIV
Filing Date: 2025-02-18
Form Type: N-2/A
Source: 0001398344-25-003061
Chunk: 69

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-02-18
Form: N-2/A
Chunk 69
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 of resale. The Fund will set forth the names of the dealers and the terms of the transaction in the Prospectus Supplement.

General Information

Agents, underwriters, or dealers participating in an offering of Securities may be deemed to be underwriters, and any discounts and commission received by them and any profit realized by them on resale of the offered Securities for whom they act as agent, may be deemed to be underwriting discounts and commissions under the Securities Act.

The Fund may offer to sell securities either at a fixed price or at prices that may vary, at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. In addition to cash purchases, the Fund may allow Securities to be purchased by tendering payment in-kind in the form of shares of stock, bonds or other securities. Any securities used to buy the Fund’s Securities must be consistent with the Fund’s investment objective and otherwise acceptable to the Adviser and the Board.

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To facilitate an offering of Securities in an underwritten transaction and in accordance with industry practice, the underwriters may engage in transactions that stabilize, maintain, or otherwise affect the market price of the Common Shares or any other Security. Any underwriter may engage in overallotment, stabilizing transactions, short-covering transactions and penalty bids in accordance with Regulation M under the Exchange Act.

| ● | 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.

Any underwriters that are qualified market makers on the NYSE may engage in passive market