RIV Rights Offering Raises About ﹩35.2 Million
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RiverNorth Opportunities Fund reported preliminary results on September 24, 2026, for the transferable rights offering that expired one day earlier.
Rights holders requested 3,356,796 new common shares. RIV expects to issue those shares on or about September 28, subject to receipt of guaranteed-delivery payments, and collect approximately ﹩35.2 million before expenses. The final subscription price is ﹩10.49 per share, equal to 90% of the fund’s September 23 net asset value of ﹩11.65.
The offering adds capital that RIV can invest, but it also expands the common-share count at a price below net asset value. That creates potential per-share NAV dilution, even though the larger asset base may support future investment income if the proceeds are deployed successfully.
The figures remain preliminary. RiverNorth expects to announce final results on or about September 25. Shareholders should watch the confirmed share count, offering expenses, resulting NAV per share and how quickly the new capital begins contributing to investment income.
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This article is general information, not personalized investment advice. Fly High Investing may hold securities discussed in this article.