Company: RIV
Filing Date: 2025-02-18
Form Type: CORRESP
Source: 0001398344-25-003053
Chunk: 2

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-02-18
Form: CORRESP
Chunk 2
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 of the possibility that Common Shares might trade at a discount to NAV, the Board may consider one or more actions that might be taken to seek to reduce or eliminate any material discount from NAV in respect of Common Shares, which may include the repurchase of such shares in the open market or in private transactions, the making of a tender offer for such shares or the conversion of the Fund to an open-end investment company. The Board may decide not to take any of these actions in the future. In addition, there can be no assurance any of these actions, or others, if undertaken, will reduce market discount. See “Repurchase of Shares” and “Conversion to Open-End Fund.”

| 4. | Since                                                                                  
 the Fund has an 80% policy, please add a statement about any notice required to change 
 such policy.                                                                           |

The Fund will add the following disclosure under the section entitled Investment Objective, Strategies and Policies: “The Fund may also change the 80% policy noted above without shareholder approval upon at least 60 days’ prior written notice to shareholders.”

| 5. | The                                                                                      
 staff notes that the Investment-Related Risks beginning on page 48 of the Prospectus     
 are presented in alphabetical order. Please re-order the risks in order of significance. |

The Registrant has re-ordered the applicable risks to prioritize the Fund’s most significant risks first.

| 6. | The                                                                                     
 staff notes the possibility of a rights offering and filing of a prospectus supplement  
 under the Plan of Distribution section. Please notify the staff as soon as a prospectus 
 supplement is filed disclosing a take down of Convertible Preferred Shares.             |

The Registrant confirms that it will notify the staff as soon as a prospectus supplement is filed disclosing a take down of Convertible Preferred Shares.

| 7. | Please                                                                         
 include the required disclosure with respect to an underwriter’s stabilization 
 efforts on the cover page, pursuant to Form N-2, Item 2.2.                     |

The following disclosure will be added to the cover page of the Revised Registration Statement:

In connection with an offering of Common Shares, if a Prospectus Supplement so indicates, the Fund may grant the underwriters an option to purchase additional Common Shares at the public offering price, less the underwriting discounts and commissions, within 45 days from the date of the Prospectus Supplement, to cover any overallotments.

To facilitate an offering of Securities in an underwritten transaction and in accordance with industry practice, the underwriters