Summary
RIV Chart
Weekly Closed-End Fund Roundup (September 27, 2026)
CEFs had a weak week: just 3 of 26 sectors rose on price (average -1.99%) and 6 of 26 on NAV (average -1.18%). RiverNorth Opportunities Fund (RIV) announced the final results of its rights offering, while Aberdeen's MGF and MIN announced upcoming reverse stock splits. Sector Equity traded at the highest premium (+4.43%) and Senior Loans at the widest discount (-14.57%), while Limited Duration had the lowest average 1-year z-score (-2.88).
RIV's Rights Offering Results
RiverNorth Opportunities Fund issued 3,356,796 new shares at $10.49, 90% of NAV, raising about $35.2 million in its 1-for-3 rights offering. Only about 37% of the possible new shares were subscribed, limiting NAV dilution to roughly -1.2% versus a -2.5% full-subscription estimate. The offering carried no sales load, with only about $272,000 of estimated expenses borne by the fund.
RIV: Unique Arbitrage Opportunity (Rating Upgrade)
RiverNorth Opportunities Fund offers a compelling arbitrage opportunity after a recent rights offering and a sharp spike in yields. RIV now trades at a -10.7% discount to NAV, near historic lows, following a -10% price drop since August 2026. The fund raised $35M (about 10% of AUM) via the rights offering, providing fresh capital to deploy amid market dislocation.
RiverNorth Opportunities Fund, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 168,674 | $1.89M | $1.69M | -$208,036.76 | -10.98% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 18,849 | $219,780 | $189,620.94 | -$30,159.06 | -13.72% |
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 2.49M | $29.21M | $24.79M | -$4.42M | -15.12% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 856 | $9,692.4 | $8,611.36 | -$1,081.04 | -11.15% |
| MB Mitchel Bialek Css LLC/IL | 43,915 | $515,562.1 | $437,393.4 | -$78,168.7 | -15.16% |
RiverNorth Opportunities Fund, Inc. (RIV) FAQ
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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.
Contact Information
