Company: RIV
Filing Date: 2025-09-08
Form Type: 424B2
Source: 0001398344-25-017856
Chunk: 29

Company: RIVERNORTH OPPORTUNITIES FUND, INC.
Filing Date: 2025-09-08
Form: 424B2
Chunk 29
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which will be paid by the Fund as described below), all commissions, fees and other expenses (including brokerage commissions and
transfer taxes) incurred in connection with the purchase, sale or exercise of Rights will be for the account of the transferor of the
Rights, and none of these commissions, fees or expenses will be paid by the Fund or the Subscription Agent.

The Fund anticipates that the Rights will
be eligible for transfer through, and that the exercise of the Offer may be effected through, the facilities of DTC.

Sales by Subscription Agent

Holders of Rights who are unable or do not
wish to exercise any or all of their Rights may instruct the Subscription Agent to sell any unexercised Rights. The Subscription Certificates
representing the Rights to be sold by the Subscription Agent must be received on or before September 29, 2025, the fifth business day
before the Expiration Date. Upon the timely receipt of the appropriate instructions to sell Rights, the Subscription Agent will use its
best efforts to complete the sale and will remit the proceeds of sale, net of commissions, to the holders. The Subscription Agent will
also attempt to sell any Rights (i) a Rights holder is unable to exercise because the Rights represent the right to subscribe for less
than one new Common Share or (ii) attributable to stockholders whose record addresses are outside the United States or who have an APO
or FPO address.

If the Rights can be sold, sales of the Rights
will be deemed to have been effected at the weighted average price received by the Subscription Agent on the day such Rights are sold,
less any applicable brokerage commissions, taxes and other expenses. The selling Rights holder will pay all brokerage commissions incurred
by the Subscription Agent.

The Subscription Agent will automatically
attempt to sell any unexercised Rights that remain unclaimed as a result of Subscription Certificates being returned by the postal authorities
as undeliverable as of the fifth Business Day prior to the Expiration Date. These sales will be made net of commissions on behalf of the
nonclaiming Rights holders. Proceeds from those sales will be held by the Fund’s transfer agent, for the account of the nonclaiming
Rights holder until the proceeds are either claimed or escheated. There can be no assurance that the Subscription Agent will be able to
complete the sale of any of these Rights and neither the Fund nor the Subscription Agent has guaranteed any minimum sales price for the
Rights. All of these Rights will be sold