Company: RIV
Filing Date: 2025-02-18
Form Type: CORRESP
Source: 0001398344-25-003053
Chunk: 3

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-02-18
Form: CORRESP
Chunk 3
---
 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.

| 8. | If                                                                                           
 there are indemnification provisions against the Securities Act of 1933, as amended or       
 the Investment Company Act of 1940, as amended in an underwriting agreement, please describe 
 such provisions pursuant to Form N-2, Item 5.4.                                              |

The Registrant confirms that it will include such disclosure, as applicable, in the related prospectus supplement.

| 9. | Under                                                                        
 the Dividend Reinvestment Plan (“DRIP”) section, please describe the process 
 with respect to partial shares under the DRIP.                               |

The Registrant has added the requested disclosure.

| 10. | Please                                                                                      
 add the following undertaking to the Part C of the Registration Statement: “The             
 Registrant undertakes to only offer rights to purchase common and preferred shares together 
 after a post-effective amendment to the registration statement relating to such rights      
 has been declared effective.”                                                               |

The requested change will be made in the Revised Registration Statement.

We trust that the foregoing is responsive to your comments. Questions and comments concerning this filing may be directed to the undersigned at (312) 569-1107.

| Sincerely,