RiverNorth Opportunities Fund, Inc. Declares Monthly Distributions, Payable on August 31, 2018, September 28, 2018 and October 31, 2018 Respectively
July 19, 2018 at 02:00 am IST
Share
The Board of RiverNorth Opportunities Fund, Inc. approved the declaration of monthly distributions of $0.21 per share of common stock, payable on August 31, 2018, September 28, 2018 and October 31, 2018 and to the shareholders recorded on August 17, 2018, September 14, 2018 and October 17, 2018 respectively and ex-date is August 16, 2018, September 13, 2018 and October 16, 2018 respectively.
RiverNorth Opportunities Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds, exchange-traded funds (ETFs), business development companies (BDCs) and special purpose acquisition companies (SPACs). The Fund intends to maintain long positions in underlying Funds but may engage in short sales for investment purposes. ALPS Advisors, Inc. (AAI) serves as the Fundâs investment adviser. RiverNorth Capital Management, LLC (RiverNorth) is the investment sub-adviser of the Fund.