RiverNorth Opportunities Fund closes USD 75 million private placement of Series B mandatory redeemable preferred shares
RIV•Series B terms
The Series B MRPS carries a 6.48% dividend rate and a Moody’s A1 rating.
Use of proceeds
Proceeds will be used to refinance existing debt and fund new portfolio investments.
Private placement closed
RiverNorth Opportunities Fund closed a $75 million private offering of Series B Mandatory Redeemable Preferred Shares due Sept. 18, 2031.
