NYSE:RIV

RiverNorth Opportunities Fund, Inc. Announces Change in Fiscal Year End

Retrieved on: 
Monday, May 20, 2024
Other Professional Services, Asset Management, Professional Services, Finance, RIV

RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the “Fund”) is pleased to announce that on May 14-15, 2024, the Board of Directors of the Fund (the “Board”) approved a change to the fiscal year end (“FYE”) of the Fund, as set forth in the table below.

Key Points: 

RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the “Fund”) is pleased to announce that on May 14-15, 2024, the Board of Directors of the Fund (the “Board”) approved a change to the fiscal year end (“FYE”) of the Fund, as set forth in the table below.

RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Capital and Income Fund, Inc. Announce Preferred Dividends

Retrieved on: 
Friday, April 19, 2024
Consulting, Asset Management, Professional Services, Finance, Prospectus, Investment, AUM, Fund, Jeffrey Gundlach, Life insurance

RiverNorth Capital and Income Fund, Inc.

Key Points: 
  • RiverNorth Capital and Income Fund, Inc.
    RiverNorth Capital Management, LLC is an investment management firm founded in 2000.
  • RiverNorth is an institutional investment manager to registered funds, private funds and separately managed accounts.
  • Distributions may be paid from sources of income other than ordinary income, such as net realized short-term capital gains, net realized long-term capital gains and return of capital.
  • RiverNorth is not a tax advisor and investors should consult a tax professional for guidance regarding their specific tax situation.

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Monday, April 1, 2024
Banking, Professional Services, Finance, RFM, Annual report, RMM, Policy, NAV, RSF, Overalls, RIV, OPP, Fund, Calendar, RMI, Security (finance)

Each Fund maintains a level distribution policy with the intention of providing monthly distributions to shareholders at a constant and fixed (but not guaranteed) rate that is reset annually.

Key Points: 
  • Each Fund maintains a level distribution policy with the intention of providing monthly distributions to shareholders at a constant and fixed (but not guaranteed) rate that is reset annually.
  • Each Fund’s ability to maintain a stable level of distributions to shareholders will depend on a number of factors, including changes in the financial market, market interest rates, and performance of overall equity and fixed income markets.
  • Holders of each Fund’s common stock will receive the distribution under one of two options:
    2.
  • A return of capital does not necessarily reflect a Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ Any such returns of capital will decrease a Fund’s total assets and, therefore, could have the effect of increasing a Fund’s expense ratio.

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Tuesday, January 2, 2024
Other Professional Services, Asset Management, Professional Services, Finance, NAV, Policy, Fund, RFM, Annual report, RMI, RMM, RIV, RSF, OPP, Calendar, Overalls, Security (finance)

Each Fund maintains a level distribution policy with the intention of providing monthly distributions to shareholders at a constant and fixed (but not guaranteed) rate that is reset annually.

Key Points: 
  • Each Fund maintains a level distribution policy with the intention of providing monthly distributions to shareholders at a constant and fixed (but not guaranteed) rate that is reset annually.
  • Each Fund’s ability to maintain a stable level of distributions to shareholders will depend on a number of factors, including changes in the financial market, market interest rates, and performance of overall equity and fixed income markets.
  • Holders of each Fund’s common stock will receive the distribution under one of two options:
    2.
  • A return of capital does not necessarily reflect a Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ Any such returns of capital will decrease a Fund’s total assets and, therefore, could have the effect of increasing a Fund’s expense ratio.

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Monday, October 2, 2023
Professional Services, Other Professional Services, Finance, Asset Management, Consulting, Personal Finance, RSF, RMI, Calendar, RFM, RMM, Fund, RIV, OPP, Security (finance)

Effective December 7, 2022, the Fund changed its name to RiverNorth Capital and Income Fund, Inc.

Key Points: 
  • Effective December 7, 2022, the Fund changed its name to RiverNorth Capital and Income Fund, Inc.
    RMI, RMM, RFM, RFMZ, RMMZ, RIV, RSF and OPP are closed-end funds.
  • Holders of each Fund’s common stock will receive the distribution under one of two options:
    Receive additional full and fractional shares of the respective Fund’s common stock, or
    Elect to receive cash for the distribution.
  • The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes.
  • A return of capital does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ Any such returns of capital will decrease the Fund’s total assets and, therefore, could have the effect of increasing the Fund’s expense ratio.

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Monday, July 3, 2023
Banking, Asset Management, Professional Services, Finance, RSF, RMI, Calendar, RFM, RMM, Fund, RIV, OPP, Security (finance)

Effective December 7, 2022, the Fund changed its name to RiverNorth Capital and Income Fund, Inc.

Key Points: 
  • Effective December 7, 2022, the Fund changed its name to RiverNorth Capital and Income Fund, Inc.
    RMI, RMM, RFM, RFMZ, RMMZ, RIV, RSF and OPP are closed-end funds.
  • Holders of each Fund’s common stock will receive the distribution under one of two options:
    Receive additional full and fractional shares of the respective Fund’s common stock, or
    Elect to receive cash for the distribution.
  • The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes.
  • A return of capital does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ Any such returns of capital will decrease the Fund’s total assets and, therefore, could have the effect of increasing the Fund’s expense ratio.

RiverNorth Closed-End Funds Declare Monthly Distributions and RiverNorth Flexible Municipal Income Fund, Inc. Declares Capital Gain Distribution

Retrieved on: 
Monday, April 3, 2023
Finance, Banking, Professional Services, Other Professional Services, Asset Management, RSF, RMI, Calendar, RFM, RMM, Fund, RIV, OPP, Security (finance)

Holders of each Fund’s common stock will receive the distribution under one of two options:

Key Points: 
  • Holders of each Fund’s common stock will receive the distribution under one of two options:
    Receive additional full and fractional shares of the respective Fund’s common stock, or
    Elect to receive cash for the distribution.
  • Contact your broker-dealer where you hold the shares to confirm your distribution reinvestment election.
  • Each Fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes.
  • Each Fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital.

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Tuesday, January 3, 2023
Banking, Asset Management, Professional Services, Finance, RIV, Calendar, OPP, RFM, RMM, Broker-dealer, RSF, Policy, RMI, Fund, Security (finance), Life insurance, Risk management

Effective December 7, 2022 the Fund changed its name to RiverNorth Capital and Income Fund, Inc.

Key Points: 
  • Effective December 7, 2022 the Fund changed its name to RiverNorth Capital and Income Fund, Inc.
    RMI, RMM, RFM, RFMZ, RMMZ, RIV, OPP and RSF are closed-end funds.
  • Such distributions will also generally be subject to state and local taxes.
  • RiverNorth does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.
  • A return of capital does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ Any such returns of capital will decrease the Fund’s total assets and, therefore, could have the effect of increasing the Fund’s expense ratio.

 RiverNorth Opportunities Fund, Inc. Announces Final Results of Rights Offering

Retrieved on: 
Thursday, November 10, 2022
Consulting, Other Professional Services, Professional Services, Finance, RIV, NYSE, Risk, Annual report, LLC, Sale, Prospectus, Expiration, Offering, FINRA, Fund, ALPS, Closed-end fund, Income, Security (finance), Life insurance, Financial adviser

RiverNorth Opportunities Fund, Inc. (the Fund) (NYSE: RIV) today announced the final results of its transferable rights offering (the Offering).

Key Points: 
  • RiverNorth Opportunities Fund, Inc. (the Fund) (NYSE: RIV) today announced the final results of its transferable rights offering (the Offering).
  • Gross proceeds received by the Fund, before any expenses of the Offering, are expected to total approximately $32.9 million.
  • This press release shall not constitute an offer to sell or constitute a solicitation of an offer to buy.
  • RiverNorth is a registered trademark of RiverNorth Capital Management, LLC.

RiverNorth Opportunities Fund, Inc. Announces Preliminary Results of Rights Offering

Retrieved on: 
Wednesday, November 9, 2022
Professional Services, Finance, RIV, NYSE, Rights, Expiration date, Risk, Annual report, LLC, Sale, Prospectus, Expiration, NAV, Offering, FINRA, Fund, ALPS, Closed-end fund, Income, Security (finance), Life insurance, Financial adviser

RiverNorth Opportunities Fund, Inc. (the Fund) (NYSE: RIV) today announced the preliminary results of its transferable rights offering (the Offering) that expired on November 8, 2022 (the Expiration Date).

Key Points: 
  • RiverNorth Opportunities Fund, Inc. (the Fund) (NYSE: RIV) today announced the preliminary results of its transferable rights offering (the Offering) that expired on November 8, 2022 (the Expiration Date).
  • In the Offering, the Fund received subscription requests for 2,752,078 shares of common stock from rights holders.
  • Shares of common stock issued pursuant to the Offering will be record date shares for the purposes of the Fund's November 2022 distribution payable.
  • The Fund will announce the final results of the Rights Offering in a press release on or about November 10, 2022.