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 |
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 |