RiverNorth Opportunities Fund expects to issue 3,356,796 shares in rights offering priced at $10.49 each
Bitget2026/09/24 10:45- RiverNorth Opportunities Fund reported preliminary results of a transferable rights offering that expired Sept. 23, 2026.
- Subscriptions covered 3,356,796 shares; the fund expects to issue 3,356,796 new shares around Sept. 28, pending payments.
- Gross proceeds expected at about $35.2 million; final subscription price set at $10.49 per share.
- Pricing reflected 90% of Sept. 23 NAV of $11.65; excess payments tied to the prior $11.00 estimate will be returned.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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