Summary
RIV Chart
RIV: 13%+ Dividend Yield In Common, But The Preferred Stock Is The Smarter Choice
RiverNorth Opportunities Fund Inc. manages $324M in net assets with a diversified portfolio spanning SPACs, US equity, bonds, and BDCs. RIV trades at a 4% discount to NAV, near its 5-year average, and sits at one of its lowest historical points. The fund's 5-year NAV total return is 6.25%, underperforming its peer group, with moderate correlation to broad allocation ETFs.
RIV: A Good Diversifier For A Portfolio
The RiverNorth Opportunities Fund offers a 13.48% yield by tactically allocating to closed-end funds, SPACs, BDCs, and ETFs. RIV's largest allocation is to special purpose acquisition companies, introducing both diversification benefits and elevated risk for income-focused investors. Distribution coverage relies partly on unrealized gains, making sustainability dependent on continued market strength and successful capital gains realization.
Stable Income In Uncertain Times: The Hidden Opportunity In RIV And RIV.PR.A
RiverNorth Opportunities Fund offers diversified exposure via CEFs, SPACs, and BDCs with a tactical asset allocation strategy. RIV currently trades at a 3.7% discount, with 3-year annualized NAV returns near 12% and a 24.1% leverage ratio. RIV.PR.A preferred stock provides a 6.59% yield, an A1 Moody's rating, and regulatory protection, making it appealing for conservative investors.
RiverNorth Opportunities Fund, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 164,103 | $1.84M | $1.9M | $55,551.79 | 3.02% |
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 2.5M | $29.33M | $28.85M | -$474,615.44 | -1.62% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 538 | $5,971.8 | $6,221.97 | $250.17 | 4.19% |
| SMM Shawn M. McHugh WealthTrust Asset Management LLC | 15,123 | $177,408.32 | $174,897.49 | -$2,510.83 | -1.42% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 35,436 | $416,003.67 | $408,754.26 | -$7,249.41 | -1.74% |
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RiverNorth Opportunities Fund, Inc. Profile
| NYSE Exchange | US Country |
Overview
RiverNorth Opportunities Fund, Inc. is an equity mutual fund designed for investors seeking to capitalize on opportunities across diversified sectors. Co-launched and co-managed by ALPS Advisors, Inc. and RiverNorth Capital Management, LLC, it stands as a prominent close-ended fund established on December 24, 2015. With a business domiciled in the United States, the fund concentrates on investing in the equity markets targeting stocks of companies across various sectors, aiming to provide investors with a balanced and potentially lucrative investment vehicle.
Products and Services
RiverNorth Opportunities Fund, Inc. delivers a variety of investment services designed to meet the varying requirements of investors. Their meticulously constructed portfolio represents a comprehensive approach towards equity investment, focusing on diversified sectorial exposure.
- Equity Mutual Fund Investments: As a close-ended equity mutual fund, RiverNorth Opportunities Fund, Inc. specializes in investing directly in the equity markets. It integrates strategic selections of stock investments across diversified sectors, aiming to maximize return potentials for its investors. This approach allows RiverNorth Opportunities Fund, Inc. to offer a versatile investment product that appeals to investors looking for broad market exposure and sectoral diversity.
- Sectoral Diversification: The fund targets stocks of companies operating in a wide range of sectors. This strategy not only minimizes risk through diversification but also capitalizes on the growth opportunities present in various industries. By spreading investments across different sectors, RiverNorth Opportunities Fund, Inc. aims to provide a balanced portfolio that can potentially shield investors from sector-specific downturns while allowing them to benefit from sectoral growth trends.
