RIV: This High-Yielding Fund's Valuation Is Getting Better
The RiverNorth Opportunities Fund offers a high yield of 12.91%, significantly higher than most index funds, appealing to income-seeking investors. Despite recent underperformance, the fund's diversified investments in closed-end funds, ETFs, BDCs, and SPACs provide a strong income potential. The portfolio is mostly closed-end funds, with surprisingly limited exposure to BDCs right now.
RIV: This High-Yielding Fund Is Very Expensive
The RiverNorth Opportunities Fund offers a high yield of 12.30%, appealing to income-focused investors, but its high expenses and poor historical performance may be concerning. The fund primarily invests in closed-end funds, business development companies, and SPACs, aiming to profit from price inefficiencies and leverage. The fund reduced its allocation to closed-end funds and went to cash in the third quarter for some reason. This may be due to compressed discounts in the asset class.
RIV Capital's revenue more than doubles as New York cannabis market gears up
RIV Capital Inc. reported a narrower loss and more than double its quarterly revenue on Wednesday as the cannabis company looked to scale up its Etain dispensaries in New York.
RIV: Good Fund With A Solid Strategy, But Price Is A Bit High
RiverNorth Opportunities Fund offers a high current yield of 12.41%, much higher than its peers. The fund focuses on closed-end funds, ETFs, SPACs, and BDCs to capitalize on market inefficiencies. The fund's strategy works pretty well for delivering both a high level of current income and capital gains.
Scotts Miracle-Gro's RIV Capital to merge with Cansortium in cannabis tie-up
Florida-based Cansortium Inc. said Thursday it agreed to acquire RIV Capital Inc. in an all-stock cannabis company deal that will eliminate $175 million in debt by RIV Capital owner Scotts Miracle-Gro Co.
RIV: This May Be Your Last Chance For The Discount
RiverNorth Opportunities Fund is a closed-end fund that invests in a diversified portfolio of equity, fixed income, and alternative assets. Despite a decline in price, RIV's total return has performed well compared to its benchmark, the Vanguard Balanced Index Fund. RIV currently trades below its average discount, making it an attractive option for income-focused portfolios with a high distribution rate of 12.72%.
