RiverNorth Opportunities Fund, Inc. (NYSE:RIV) to Issue Monthly Dividend of $0.13

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Monday, November 16th will be given a dividend of $0.1306 per share on Monday, November 30th. This represents a $1.57 annualized dividend and a dividend yield of 14.9%. The ex-dividend date is Monday, November 16th.

RiverNorth Opportunities Fund Trading Up 1.9%

NYSE RIV traded up $0.20 on Friday, hitting $10.54. 7,111 shares of the stock were exchanged, compared to its average volume of 97,545. RiverNorth Opportunities Fund has a fifty-two week low of $10.32 and a fifty-two week high of $12.15. The company has a 50-day moving average price of $10.96 and a 200-day moving average price of $11.32.

Institutional Trading of RiverNorth Opportunities Fund

A number of institutional investors have recently modified their holdings of the business. Allworth Financial LP increased its holdings in RiverNorth Opportunities Fund by 2.2% in the second quarter. Allworth Financial LP now owns 66,047 shares of the company’s stock valued at $770,000 after buying an additional 1,419 shares in the last quarter. Advisory Solutions Group LLC acquired a new stake in RiverNorth Opportunities Fund during the second quarter worth about $985,000. Bank of America Corp DE purchased a new stake in shares of RiverNorth Opportunities Fund in the second quarter worth about $3,869,000. BlackRock Inc. acquired a new stake in shares of RiverNorth Opportunities Fund during the second quarter valued at about $179,000. Finally, Alterna Wealth Management Inc. acquired a new position in RiverNorth Opportunities Fund in the second quarter worth about $128,000.

About RiverNorth Opportunities Fund

RiverNorth Opportunities Fund (NYSE: RIV) is a diversified closed-end management investment company. The fund seeks to provide investors with total return through a combination of current income and capital appreciation.

RIV primarily invests in other closed-end funds, exchange-traded funds, business development companies and other income-oriented securities. Its investment approach is designed to identify opportunities where market prices may differ from the underlying value of the assets, while also emphasizing income-producing investments.

The fund is advised by RiverNorth Capital Management, an investment manager specializing in tactical and opportunistic strategies involving closed-end funds and other asset classes.