446,668 Shares in RiverNorth Opportunities Fund, Inc. $RIV Purchased by Yakira Capital Management Inc.

Yakira Capital Management Inc. acquired a new position in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 446,668 shares of the company’s stock, valued at approximately $5,244,000. RiverNorth Opportunities Fund makes up about 1.8% of Yakira Capital Management Inc.’s holdings, making the stock its 19th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in RIV. Gateway Wealth Partners LLC purchased a new stake in RiverNorth Opportunities Fund during the fourth quarter worth about $119,000. CIBC Bancorp USA Inc. purchased a new stake in RiverNorth Opportunities Fund during the third quarter worth about $136,000. Tactive Advisors LLC purchased a new stake in RiverNorth Opportunities Fund during the fourth quarter worth about $140,000. NewEdge Advisors LLC boosted its holdings in RiverNorth Opportunities Fund by 5.9% during the third quarter. NewEdge Advisors LLC now owns 19,700 shares of the company’s stock worth $236,000 after buying an additional 1,100 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in RiverNorth Opportunities Fund by 6.3% during the fourth quarter. Wedbush Securities Inc. now owns 26,489 shares of the company’s stock worth $311,000 after buying an additional 1,579 shares in the last quarter.

RiverNorth Opportunities Fund Price Performance

RIV stock opened at $11.60 on Monday. RiverNorth Opportunities Fund, Inc. has a 52 week low of $10.93 and a 52 week high of $12.56. The company’s 50-day moving average price is $11.57 and its 200 day moving average price is $11.68.

RiverNorth Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.1306 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 13.5%.

About RiverNorth Opportunities Fund

RiverNorth Opportunities Fund (NYSE:RIV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. Listed on the New York Stock Exchange, the fund employs an unconstrained, actively managed approach to investing across a broad array of convertible and derivative securities.

The fund’s primary investments include convertible bonds, convertible preferred stocks, synthetic convertible instruments (such as caps, floors and spreads), and related derivative instruments.