AI brief of an SEC Form 8-K · RIVERNORTH OPPORTUNITIES FUND, INC. (RIV)

RiverNorth Opportunities Fund prices 3.4 million preferred shares at $25.00 each

Neutral Impact 3 of 5 financing Written later

RiverNorth Opportunities Fund, Inc. priced an underwritten public offering of 3,400,000 shares of 6.00% Series A Perpetual Preferred Shares at $25.00 per share on April 12, 2022. The filing gives estimated net proceeds of approximately $81,877,500, which the Fund plans to use to invest under its objectives, repay borrowings under its credit facility and for general working capital.

Key points

3,400,000 shares of 6.00% Series A Perpetual Preferred Shares priced at $25.00 per share
Estimated net proceeds to the Fund of approximately $81,877,500 after underwriting discounts and offering expenses
Underwriters hold a 30-day option to buy up to an additional 510,000 preferred shares
Offering expected to close April 20, 2022; Fund has applied to list the shares on the NYSE as RIVPRA

The filing

CompanyRIVERNORTH OPPORTUNITIES FUND, INC. (RIV)

Form8-K, current report

Filed with the SECApr 13, 2022, 5:24 PM ET

Accession number0001387131-22-004805

Items reported: 1.01 Material Definitive Agreement 5.03 Bylaw / Charter Amendment 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 13, 2022.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.