Rivernorth Opportunities Fund Inc to Issue Monthly Dividend of $0.21 (NYSE:RIV)

Rivernorth Opportunities Fund Inc (NYSE:RIV) announced a monthly dividend on Friday, October 27th, Wall Street Journal reports. Investors of record on Friday, December 15th will be paid a dividend of 0.21 per share on Thursday, December 28th. This represents a $2.52 annualized dividend and a yield of 12.33%. The ex-dividend date is Thursday, December 14th.

Shares of Rivernorth Opportunities Fund (NYSE:RIV) traded down $0.17 during trading hours on Friday, reaching $20.44. 60,500 shares of the company traded hands, compared to its average volume of 32,743. Rivernorth Opportunities Fund has a twelve month low of $18.29 and a twelve month high of $21.57.

In other news, insider Rivernorth Capital Management, sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $20.72, for a total transaction of $145,040.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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About Rivernorth Opportunities Fund

Rivernorth Opportunities Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s 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 and exchange-traded funds (ETFs, and collectively, Underlying Funds).

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