Company: RIV
Filing Date: 2025-09-08
Form Type: 424B2
Source: 0001398344-25-017856
Chunk: 13

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-08
Form: 424B2
Chunk 13
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other than an APO or FPO address). Record Date Stockholders
whose addresses are outside the United States or who have an APO or FPO address and who wish to subscribe to the Offer either in part
or in full should contact the Information Agent or Subscription Agent in writing or by recorded telephone conversation no later than five
Business Days prior to the Expiration Date. The Fund will determine whether the Offer may be made to any such Record Date Stockholder.
The Offer will not be made in any jurisdiction where it would be unlawful to do so. If the Subscription Agent has received no instruction
by the fifth Business Day prior to the Expiration Date or the Fund has determined that the Offer may not be made to a particular Record
Date Stockholder, the Subscription Agent will attempt to sell all of such stockholder’s Rights and remit the net proceeds, if any,
to such stockholder. 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 the Rights are sold, less any applicable brokerage commissions, taxes and other expenses.

U.S. Federal Income Tax Matters

The Fund urges you to consult your own tax
adviser with respect to the particular tax consequences of the Offer. See “Terms of the Offer-Certain U.S. Federal Income Tax Matters”
for more information on the tax consequences of the Offer.

Adviser

The Fund’s investment adviser is RiverNorth
Capital Management, LLC (the “Adviser”). The Adviser is responsible for the day-to-day management of the Fund’s portfolio,
managing the Fund’s business affairs and providing certain administrative services. The Adviser is also responsible for determining
the Fund’s overall investment strategy and overseeing its implementation.

Effective October 1, 2022, the Fund pays the
Adviser a management fee payable on a monthly basis at the annual rate of 1.30% of the Fund’s average daily Managed Assets for the
services it provides. This management fee paid by the Fund to the Adviser is essentially an all-in fee structure (the “unified management
fee”) and, as part of the unified management fee, the Adviser provides or causes to be furnished all supervisory and administrative
and other services reasonably necessary for the operation of the Fund, except (unless otherwise described in the accompanying Prospectus
or otherwise agreed to in writing), the Fund pays, in addition to the unified management fee, taxes and governmental fees (