RIV News and Press, RiverNorth Opportunities Fund Inc. From 02/09/21

RiverNorth Opportunities Fund (RIV) had declared $0.17/share monthly dividend, in line with previous.Payable Feb. 26; for shareholders of record Feb. 11; ex-div Feb. 10.See RIV Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: RiverNorth Opportunities Fund...

RIV has a conversion feature that will allow shareholders to vote this year on whether to convert to open-end or stay closed-end. Due to the fund's slight premium and high managed distribution rate, I don't believe there will be an enthusiasm to convert. The fund adjusted its mana...

RiverNorth Opportunities Fund (RIV) declares $0.17/share monthly dividend, -5.6% decrease from prior dividend of $0.18.Forward yield 12.35%Payable Jan. 29; for shareholders of record Jan. 15; ex-div Jan. 14.See RIV Dividend Scorecard, Yield Chart, & Dividend Growth. For further details ...

A fund of funds approach can give instant diversification. The strategy is approached and is utilized in active CEFs or passive ETFs. They can be appropriate for income investors as they all pay a dividend. For further details see: Income Lab Ideas: 'Fund Of Funds'

CEFs offer higher dividends or distributions due to different strategies and using sources other than income for funding the distribution. Today is a brief crash course for newer CEF investors into why this is possible for CEFs. Utilizing these strategies can allow for regular, pr...

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...

Some CEFs have managed distribution policies that are linked directly or indirectly to their NAVs, allowing investors to forecast changes in distributions with varying accuracy. Recent volatility has already caused some CEFs to lower their distributions as a result of the March drawdo...

RiverNorth Opportunities Fund, Inc. Extends Rights Offering PR Newswire DENVER, Oct. 20, 2020 DENVER , Oct. 20, 2020 /PRNewswire/ -- RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the "Fund") announces that it has extended the expiration date ("Expirat...

Twenty out of 23 CEF sectors positive on price and 18 out of 23 sectors positive on NAV last week. MLPs rally! RIV offering is now live, with a subscription floor of -5% discount. XFLT increases its distribution by +22%, restoring it to pre COVID-19 levels. For further detai...

We go through the dynamic macro picture with lots of moving parts as we culminate with the election in less than 40 days. We discuss the significant movement we saw in the CEF market in the last week, mostly lower, thanks to significant selling. There will be a report out tomorrow...