January 31, 2023

error page

Business is my step

RiverNorth Opportunities Fund, Inc. Declares Regular monthly Distributions of $.17 Per Share

4 min read

DENVER, Jan. 5, 2021 /PRNewswire/ — RiverNorth Alternatives Fund, Inc. (the “Fund”), which trades on the New York Stock Exchange under the symbol “RIV,” declared the declaration of month to month distributions of $.17 for each share, payable on the dates noted beneath. Beneath the Fund’s degree distribution policy, the distribution price has been reset to an sum equal to somewhere around 12.5% (annualized) of the average of the Fund’s web asset value (“NAV”) for every share, as documented for the final 5 buying and selling times of the 2020 calendar year. Centered on the Fund’s recent NAV for every share of $16.19 (as of market place near December 31, 2020), the distributions signify an annualized distribution charge of 12.60%.

The subsequent dates use to the distributions declared:





Ex Day

Record Day

Payable Day

January 14, 2021

January 15, 2021

January 29, 2021

February 10, 2021

February 11, 2021

February 26, 2021

March 16, 2021

March 17, 2021

March 31, 2021

Pitfalls

This press launch is not for tax reporting reasons but is getting delivered to announce the sum of the Fund’s distributions. In early 2022, right after definitive information is obtainable, the Fund will deliver shareholders a Kind 1099-DIV, if relevant, specifying how the distributions paid out by the Fund throughout the prior calendar calendar year ought to be characterized for uses of reporting the distributions on a shareholder’s tax return (e.g., everyday revenue, extended-expression capital gain or return of funds). An expense in the Fund is not acceptable for all traders and is not meant to be a full financial commitment application. The Fund is developed as a very long-phrase expenditure and not as a buying and selling car or truck.

Investing in the Fund consists of pitfalls, which include the possibility that you could get minimal or no return on your financial commitment or that you may reduce section or even all of your expenditure. The Fund’s internet asset worth will vary and its distribution fee may fluctuate and both equally may possibly be affected by several things, like changes in the market unfold above a specified benchmark, sector desire charges and general performance of the broader fairness markets. Fluctuations in internet asset value might be magnified as a end result of the Fund’s use of leverage. For that reason, right before investing you ought to meticulously look at the threats that you suppose when you make investments in the Fund’s prevalent shares.

The Fund’s expense goals and procedures are not made to seek out to return the preliminary investment decision to buyers that acquire shares.

A portion of the distribution may perhaps be handled as paid out from sources other than internet profits, like but not minimal to short–term capital attain, long–term cash obtain and return of money. The remaining perseverance of the source of all distributions, such as the share of qualified dividend cash flow, is manufactured after year–end.

Past effectiveness is no warranty of future success.

An investor should consider the Fund’s investment decision objectives, hazards, fees and expenditures diligently before investing. To receive an annual report or semi-annual report which is made up of this and other info, check out www.rivernorthcef.com or connect with 855.830.1222. Be sure to examine them thoroughly ahead of investing.

NOT FDIC INSURED | May perhaps Get rid of Worth | No Financial institution Ensure

The Fund is a shut-conclusion fund and does not continually problem shares for sale as open up-conclusion mutual cash do. Given that the original public providing, the Fund now trades in the secondary market place. Investors wishing to acquire or sell shares need to have to area orders by an middleman or broker. The share price of a closed-close fund is dependent on the market’s worth.

ALPS Advisors, Inc. is the expense adviser to the Fund.

RiverNorth Capital Management, LLC is the expense sub-adviser to the Fund. RiverNorth Cash Administration, LLC is not affiliated with ALPS Advisors, Inc. or any of its affiliate marketers.

ALPS Portfolio Methods Distributor, Inc. is the FINRA Member organization.

About SS&C Technologies

SS&C is a world wide company of products and services and software program for the monetary companies and health care industries. Started in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices all around the globe. Some 18,000 money solutions and health care companies, from the world’s major organizations to tiny and mid-market place firms, depend on SS&C for skills, scale, and engineering. More info about SS&C (Nasdaq: SSNC) is offered at www.ssctech.com.

About SS&C ALPS Advisors

SS&C ALPS Advisors, Inc., a wholly-owned subsidiary of SS&C Technologies, Inc., is a foremost provider of financial investment products and solutions for advisors and establishments. Headquartered in Denver, CO with around $12 billion underneath management as of September 30, 2020, ALPS Advisors is an open up architecture boutique financial commitment manager offering portfolio creating blocks, active perception, and an unwavering travel to guide customers to financial commitment outcomes throughout sustainable earnings, thematic and alternative advancement approaches. For a lot more data, check out www.alpsfunds.com.

RiverNorth Funds Administration, LLC

RiverNorth is an investment decision administration agency started in 2000 that specializes in opportunistic strategies in specialized niche markets exactly where the prospective to exploit inefficiencies is biggest. RiverNorth is the manager to a number of registered and private money.

Perspective first information: http://www.prnewswire.com/news-releases/rivernorth-options-fund-inc-declares-monthly-distributions-of–17-per-share-301201388.html

Supply RiverNorth Options Fund, Inc

error-page.com © All rights reserved. | Newsphere by AF themes.