RiverNorth Opportunities Fund expects to issue 3,356,796 shares in rights offering priced at $10.49 each

Bitget2026/09/24 10:45

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RiverNorth Opportunities Fund reported preliminary results of a transferable rights offering that expired Sept. 23, 2026.
Subscriptions covered 3,356,796 shares; the fund expects to issue 3,356,796 new shares around Sept. 28, pending payments.
Gross proceeds expected at about $35.2 million; final subscription price set at $10.49 per share.
Pricing reflected 90% of Sept. 23 NAV of $11.65; excess payments tied to the prior $11.00 estimate will be returned.

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: 202609240645BIZWIRE_USPR_____20260924_BW889169) on September 24, 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 expects to issue 3,356,796 shares in rights offering priced at $10.49 each

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