RiverNorth Opportunities Fund, Inc. Announces Change in Fiscal Year End from July 31 to June 30
May 20, 2024 at 10:00 pm
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RiverNorth Opportunities Fund, Inc. announced that on May 14-15, 2024, the Board of Directors of the Fund approved a change to the fiscal year end (?FYE?) of the Fund, from July 31 to June 30. This change was made to increase efficiencies and reduce operating costs for the Fund by bringing it into alignment with the fiscal year ends of all the closed end funds in the RiverNorth complex.
RiverNorth Opportunities Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds, exchange-traded funds (ETFs), business development companies (BDCs) and special purpose acquisition companies (SPACs). The Fund intends to maintain long positions in underlying Funds but may engage in short sales for investment purposes. ALPS Advisors, Inc. (AAI) serves as the Fundâs investment adviser. RiverNorth Capital Management, LLC (RiverNorth) is the investment sub-adviser of the Fund.