RiverNorth Opportunities Fund expects to issue about 3.4 million new shares from rights offering
RIV•RiverNorth Opportunities Fund expects to issue about 3.4 million new shares in a rights offering, with gross proceeds expected to total $35.20 million before expenses. The final subscription price is $10.49 per share.
1. Rights offering details
RiverNorth Opportunities Fund expects to issue about 3.4 million new shares from a rights offering, generating gross proceeds of $35.20 million before expenses. The final subscription price was set at $10.49 per share, and excess payments will be returned to subscribing rights holders.
