Rivernorth Opportunities Fund Inc (N:RIV)

Sector:  Financials Industry:  Closed End Funds
 
See Regulatory Filings on SEC
Company Contact
Address: 360 S. ROSEMARY AVE., SUITE 1420
WEST PALM BEACH FL 33401
Tel: N/A
Website: https://www.rivernorthcef.com
IR: See website
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Key People
Patrick W. Galley
Chairman of the Board, President
Jonathan M. Mohrhardt
Chief Financial Officer, Treasurer
Marcus L. Collins
Chief Compliance Officer, Secretary
Business Overview
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, 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 Fund's investment adviser. RiverNorth Capital Management, LLC (RiverNorth) is the investment sub-adviser of the Fund.
Financial Overview
For the six months ended 31 January 2024, Rivernorth Opportunities Fund Inc revenues increased 15% to $13M. Net income applicable to common stockholders increased from $6.7M to $20.6M. Revenues reflect Interest increase from $1.5M to $3M, Dividends increase of 1% to $10M. Net income benefited from Net realized gain on: Investments decrease of 44% to $5M (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $376.07M as of Jan 31, 2024
Annual revenue (TTM): $20.35M as of Jan 31, 2024
EBITDA (TTM): $14.41M as of Jan 31, 2024
Net annual income (TTM): $26.63M as of Jan 31, 2024
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: $30.75M as of Jan 31, 2024
Shares outstanding: 21,453,174 as of Jan 31, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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