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RIV - RIV: 'Failed' Rights Offering Is Good For Shareholders
November, 19 2020 08:15 AM
RiverNorth Opportunities Fund Inc.
RIV's rights offering used a shareholder-friendly subscription offering. A "failed" rights offering is actually good for shareholders, as there is less dilution. However, distribution is still poorly likely covered by earnings and so the 14% yield should not be considered as "safe". For further details see:
RIV: 'Failed' Rights Offering Is Good For Shareholders
Stock Information
Company Name:
RiverNorth Opportunities Fund Inc.
Stock Symbol:
RIV
Market:
NYSE
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