In plain terms — RiverNorth Opportunities Fund
Shares currently cost about 12.3% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 6.1% discount, so today's level is unusually wide for this fund (Z-score -2.1). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 15.7% a year of the share price (13.7% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.14 of assets — a ReinvestCapture™ rate of 17.9%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 2.0% over the past year including distributions (NAV total return).
Annual costs are 5.58% of assets.
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -7.90% | 2.47% | -1.14 | 64 |
| 6 months | -6.24% | 2.52% | -1.77 | 126 |
| 1 year | -6.06% | 2.23% | -2.08 | 250 |
| 3 years | -4.90% | — | — | — |
| 5 years | -3.34% | — | — | — |
Current contemporaneous premium/discount -10.70% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -11.09% to -2.12%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -5.00% | -14.09% | -14.31% | -15.32% | -1.13% | -10.30% |
| Market price total return | -3.82% | -11.00% | -5.05% | -3.05% | +12.28% | +2.40% |
| NAV return | -3.63% | -5.63% | -9.09% | -10.17% | -0.09% | -7.64% |
| NAV total return | -2.55% | -2.50% | +0.12% | +1.99% | +12.78% | +5.00% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
RiverNorth Opportunities Fund, Inc. is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc. and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc. was formed on December 24, 2015 and is domiciled in the United States.
CEF Explorer research page for RiverNorth Opportunities Fund, Inc.. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.