RiverNorth Opportunities Price, Forecast, Insider, Ratings, Fundamentals & Signals

West palm beach, fla.--(business wire)--in accordance with the rivernorth closed-end funds (the “funds”) level distribution policies, the funds have declared distributions for april, may and june 2024, as detailed below. ex date record date payable date april 12, 2024 april 15, 2024 april 30, 2024 may 14, 2024 may 15, 2024 may 31, 2024 june 14, 2024 june 14, 2024 june 28, 2024 tax-exempt distributions1 fund name ticker distribution per share net asset value (nav) as of 3/28/2024 annualized curr.

West palm beach, fla.--(business wire)--in accordance with the rivernorth closed-end funds (the “funds”) level distribution policies, the distribution rates have been reset for the calendar year 2024, as detailed below. further, the funds have declared distributions for january, february, and march 2024. ex date record date payable date january 12, 2024 january 16, 2024 january 31, 2024 february 14, 2024 february 15, 2024 february 29, 2024 march 14, 2024 march 15, 2024 march 28, 2024 tax-exempt.

West palm beach, fla.--(business wire)--the rivernorth closed-end funds (the “funds”) have declared monthly distributions for july, august and september 2023 in accordance with each fund's level distribution policy. details below. ex date record date payable date july 13, 2023 july 14, 2023 july 31, 2023 august 14, 2023 august 15, 2023 august 31, 2023 september 14, 2023 september 15, 2023 september 29, 2023 tax-exempt distributions1 fund name ticker distribution per share change from prior dist.

Denver , july 28, 2022 /prnewswire/ -- rivernorth opportunities fund, inc. (nyse: riv) (the "fund") is pleased to announce that at a meeting held on july 27, 2022, the fund's shareholders approved a new investment advisory agreement with rivernorth capital management, llc ("rivernorth"). the new investment advisory agreement with rivernorth will take effect on or about october 1, 2022.

Denver , march 17, 2022 /prnewswire/ -- rivernorth opportunities fund, inc. (nyse: riv) (the "fund") is pleased to announce the fund's board of directors have approved a new investment advisory agreement with rivernorth capital management, llc ("rivernorth"), subject to shareholder approval. the fund's current investment adviser, alps advisors and rivernorth, the fund's current subadviser made the recommendation to the board of directors at a meeting held on march 17, 2022.

RiverNorth Opportunities fund continues to trade at an attractive valuation relative to its historical level. The fund is highly diversified, with the largest exposure in other closed-end funds, and offers a multi-asset approach with an attractive distribution rate. The fund looks relatively attractive; however, it is overdue for a rights offering that it had done annually - a rights offering could see the discount widen further.

Work smarter, not harder, the adage tells us. One way to do that is with passive income, which is derived from ownership rather than labor or active involvement in an enterprise.

I have added abrdn Global Infrastructure Income Fund and RiverNorth Opportunities Fund to my portfolio. RIV is a fund of funds that invests in various types of investments, including BDCs, CEFs, and SPACs. RIV offers a high yield and monthly distributions, and currently trades at a discount to NAV, making it an attractive option for income investors.

Several high-yielding closed-end funds have announced increased monthly distributions for 2024. The funds mentioned have a forward annual yield exceeding 10%, except for one that yields 9.5%.

RIV is a "fund of funds," meaning it invests in other closed-end funds (CEFs), business development company (BDC) debt, exchange-traded funds (ETFs), and special purpose acquisition companies (SPACs). RIV's performance has been influenced by interest rates, and it tends to perform poorly in years when rates are rising. It aims to benchmark itself against the S&P 500. The fund's largest allocation is in CEFs (59%), followed by 14% in BDC debt and equity, 10% in SPACs, and it also has a short position in the S&P 500.

High inflation is a major problem in the U.S., pushing up the cost of living and putting pressure on household budgets. Investors can earn income by purchasing shares of closed-end funds like the RiverNorth Opportunities Fund. The RIV closed-end fund uses leverage and a unique strategy to boost its effective yield, but it comes with higher risk and uncertain distribution sustainability.

RiverNorth Opportunities Fund is trading at an attractive discount, with a diverse portfolio and exposure to fixed income, SPACs, investment company bonds, and equity. The fund's discount and underlying CEFs' discounts provide potential upside, but leverage increases risks and adds volatility. RIV is not a set-and-forget investment but should be traded around between its discounts/premiums and rights offerings.

Investors are desperate for new sources of income to maintain their lifestyles in the face of a rapidly-rising cost of living. RIV invests in SPACs, BDCs, and CEFs, which allows it to add a great deal of diversification to an ordinary stock and bond portfolio.

Imagine stocks or funds that pay out their dividends once a month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300%, or more! These March U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by-yield (94); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by yield >8.69% (80).

RIV invests in a portfolio of CEFs, BDCs, and other very high-yielding assets to try and give investors an outsized yield. The fund's mix of bonds and common equity would have been an advantage in years past but that is not the case today.