Company: RIV
Filing Date: 2025-03-07
Form Type: N-CSRS
Source: 0001398344-25-005090
Chunk: 27

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-03-07
Form: N-CSRS
Chunk 27
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 each shareholder proxy will include those shares purchased or received pursuant to the Plan. The Plan Administrator will forward all
proxy solicitation materials to participants and vote proxies for shares held under the Plan in accordance with the instructions of the
participants.

Beneficial owners of Common Shares who hold their
Common Shares in the name of a broker or nominee should contact the broker or nominee to determine whether and how they may participate
in the Plan. In the case of Common Shareholders such as banks, brokers or nominees which hold shares for others who are the beneficial
owners, the Plan Administrator will administer the Plan on the basis of the number of Common Shares certified from time to time by the
record shareholder’s name and held for the account of beneficial owners who participate in the Plan.

There will be no brokerage charges with respect to
Common Shares issued directly by the Fund. However, each participant will pay a pro rata share of brokerage commissions incurred in connection
with Open-Market Purchases. The automatic reinvestment of Dividends will not relieve participants of any federal, state or local income
tax that may be payable (or required to be withheld) on such Dividends. Participants that request a sale of Common Shares through the
Plan Administrator are subject to brokerage commissions.

The Fund reserves the right to amend or terminate
the Plan. There is no direct service charge to participants with regard to purchases in the Plan; however, the Fund reserves the right
to amend the Plan to include a service charge payable by the participants.

All correspondence or questions concerning the Plan
should be directed to the Plan Administrator at Mail Stop: RiverNorth Opp, 430 West 7th Street, Kansas City, MO 64105-1407.

| 42 | www.rivernorth.com |

RiverNorth Opportunities Fund, Inc.

PROXY VOTING GUIDELINES

A description of the Fund’s proxy voting policies
and procedures is available (1) without charge, upon request, by calling 1-(844)-569-4750, (2) on the Fund’s website located at
http://www.rivernorthcef.com, or (3) on the SEC’s website at http://www.sec.gov. Information regarding how the Fund voted proxies
relating to portfolio securities during the twelve-month period ended June 30th is available on the SEC’s website at http://www.sec.gov.

PORTFOLIO HOLDINGS DISCLOSURE POLICY

The Fund files a complete schedule of portfolio holdings
with the U.S.