Company: RIV
Filing Date: 2025-09-05
Form Type: N-CSR
Source: 0001398344-25-017710
Chunk: 9

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-05
Form: N-CSR
Chunk 9
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 500 ETF Trust                                                                  |     |        | (7,882  | ) |     |          | (4,869,893  | ) |
| TOTAL EXCHANGE TRADED FUNDS – COMMON SHARES (Proceeds $8,688,156)                       |     |        |         |   |     |          | (9,199,667  | ) |
| TOTAL SECURITIES SOLD SHORT                                                             |     |        |         |   |     |          |             |   |
| (Proceeds $12,660,956)                                                                  |     |        |         |   |     | $        | (13,240,324 | ) |

| (a) | All or a portion of the security is pledged as collateral for                                                                    
 any loan payable. As of June 30, 2025, the aggregate value of those securities was $2,465,000, representing 0.92% of net assets. |

| (b) | All or a portion of the security is pledged as collateral for                                                                        
 securities sold short. As of June 30, 2025, the aggregate value of those securities was $7,357,750 representing 2.74% of net assets. |

| (c) | Perpetual maturity. |

| (d) | Security exempt from registration under Rule 144A of the Securities                                                                    
 Act of 1933, as amended (the "Securities Act"). This security may be resold in transactions exempt from registration, normally         
 to qualified institutional buyers. As of June 30, 2025, the market value of those Rule 144A securities held by the Fund was $2,495,082 
 representing 0.93% of the Fund's net assets.                                                                                           |

See Notes to Financial Statements.

RiverNorth Opportunities Fund, Inc.

| (e) | Securities were purchased pursuant to Regulation S under the                                                                              
 Securities Act, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold  
 in the United States without either an effective registration statement filed pursuant to the Securities Act, or pursuant to an exemption 
 from registration. These securities have been deemed liquid under procedures approved by the Fund's Board of Directors (the "Board").     
 As of June 30, 2025, the aggregate fair value of those securities was $277,100 representing 0.10% of net assets.                          |

| (f) | Non-income producing security. |

| (