RiverNorth To Provide Update On RiverNorth Opportunities Fund, Inc.

RiverNorth Capital Management, LLC ("RiverNorth"), a leading boutique investment management firm specializing in opportunistic strategies, is hosting a webcast on May 11, 2016. The live webcast and Q&A session will provide an update on RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the "Fund"). The webcast will include a discussion of the Fund's strategy and performance as well as the current state of the closed-end fund market.

The webcast - which will be hosted by RiverNorth's Chief Investment Officer and Portfolio Manager Patrick Galley - is taking place on Wednesday, May 11 at 3:15 pm CT / 4:15 pm ET. Participants can register for the webcast at www.rivernorthcef.com.

"The RiverNorth Opportunities Fund provides investors with an efficient way to opportunistically invest in closed-end funds, while also providing access to a wide array of asset classes," said Patrick Galley, Chief Investment Officer and Portfolio Manager at RiverNorth.

A replay of the webcast will be available at www.rivernorthcef.com following the event.

About RiverNorth

RiverNorth is an investment management firm founded in 2000. With approximately $3.3 billion in assets under management, RiverNorth specializes in opportunistic investment strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is the investment manager to multiple registered and private funds.

The firm offers four open-end funds: The RiverNorth Core Opportunity Fund (RNCIX/RNCOX), RiverNorth/DoubleLine Strategic Income Fund (RNSIX/RNDLX), RiverNorth Equity Opportunity Fund (RNDIX/RNEOX) and RiverNorth/Oaktree High Income Fund (RNHIX/RNOTX).

An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle.

Investors should consider the Fund's investment objective, risks, charges and expenses carefully before investing. The prospectus should be read carefully before investing. For more information, please read the prospectus, call your financial professional or call 1-855-830-1222.

The fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.

Important Information and Risk Factors

Risk is inherent in all investing. Investing in any investment company security involves risk, including the risk that you may receive little or no return on your investment or even that you may lose part or all of your investment. Therefore, before investing in the Common Shares, you should consider the risks as well as the other information in the prospectus.

ALPS Advisors, Inc. is the investment adviser to the Fund. RiverNorth Capital Management, LLC is the investment sub-adviser to the Fund. RiverNorth is not affiliated with ALPS Advisors, Inc. or any of its affiliates.

ALPS Portfolio Solutions Distributor, Inc. is the FINRA Member.

RVC000142 5.31.2016

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