RIV - RIV: Pershing Square Exposure Via This CEF, 12% Distribution

2025-06-13 23:16:41 ET

Thesis

We last covered this interesting closed end fund almost two years ago. We are talking here about the RiverNorth Opportunities Fund, Inc. ( RIV ), a 'fund of funds'. The name has a very unique investment approach:

The Fund employs a tactical asset allocation strategy primarily comprised of closed-end funds, exchange-traded funds, special purpose acquisition companies (SPACs), and business development companies (BDCs). RiverNorth implements an opportunistic investment strategy designed to capitalize on the inefficiencies in the closed-end fund space while simultaneously providing diversified exposure to several asset classes.

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