RiverNorth Opportunities Fund announces transferable share rights offering

Reuters2026/08/12 20:17

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RiverNorth Opportunities Fund launched a transferable subscription rights offering for common stockholders of record on Aug. 31, 2026.
One right per share held; holders can buy 1 new share for every 3 rights, with rounding to avoid fractional shares.
Rights expected to list on NYSE; when-issued trading under RIV RTWI starts Aug. 28, 2026.
Regular-way trading under RIV RT begins Sept. 4, 2026; subscription period expires Sept. 23, 2026 unless extended.
Subscription price set at 90% of NAV or 95% of market price, whichever is higher on the expiration date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RiverNorth Opportunities Fund Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608121615BIZWIRE_USPR_____20260812_BW711940) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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RiverNorth Opportunities Fund announces transferable share rights offering

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