RIV Stock Discussion
RiverNorth Opportunities Fund, Inc. Description
Rivernorth Opportunities Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's 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 and exchange-traded funds (ETFs, and collectively, Underlying Funds). Underlying funds may include business development companies. Under normal circumstances, the Fund intends to maintain long positions in Underlying Funds, but may engage in short sales for investment purposes. The Company's assets include closed-end funds, business development companies, business development company bond, preferred stock, and cash and cash equivalents. ALPS Advisors, Inc. is the investment advisor of the Fund. RiverNorth Capital Management, LLC is the investment sub-advisor of the Fund.
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