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Home>RiverNorth Opportunities Fund, Inc.

RiverNorth Opportunities Fund, Inc.

RiverNorth Opportunities Fund, Inc.

09/29/2017

RiverNorth Opportunities Fund, Inc.

RiverNorth Opportunities Fund Announces Notification of Sources of Distribution

The RiverNorth Opportunities Fund, Inc. (NYSE:RIV) announces the sources of a distribution paid on September 28, 2017 of $0.21 per share to shareholders of record at the close of business on September 15, 2017, pursuant to the Fund's managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission and includes the notice below sent to shareholders regarding the source of the distribution.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. In accordance with generally accepted accounting principles (“GAAP”), the Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.

Current Distribution from:        
Per Share ($) %
Net Investment Income 0.079016 37.63%
Net Realized Short-Term Capital Gain 0.130984 62.37%
Net Realized Long-Term Capital Gain 0.000000 0.00%
Return of Capital or other Capital Source 0.000000 0.00%
Total (per common share) 0.210000 100.00%
 
Fiscal Year-to-Date Cumulative
Distributions from:
Per Share ($) %
Net Investment Income 0.67074 39.93%
Net Realized Short-Term Capital Gain 0.92202 54.88%
Net Realized Long-Term Capital Gain 0.00000 0.00%
Return of Capital or other Capital Source 0.08724 5.19%
Total (per common share) 1.68000 100.00%

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income'.

The timing and character of distributions for federal income tax purposes are determined in accordance with income tax regulations which may differ from GAAP. As such, all or a portion of this distribution may be reportable as taxable income on your 2017 federal income tax return. The final tax character of any distribution declared in 2017 will be determined in January 2018 and reported to you on IRS Form 1099-DIV.

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and not for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

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