RiverNorth Opportunities Fund raises about $75M via 6.476% Series B MRP
RiverNorth Opportunities Fund entered a Securities Purchase Agreement to issue 3,000,000 shares of Series B Mandatory Redeemable Preferred Stock with a $25 liquidation preference, raising approximately $75 million. The Series B MRP shares carry a 6.476% annual dividend paid monthly and are mandatorily…
RiverNorth Opportunities Fund entered into a Securities Purchase Agreement to issue 3,000,000 shares of Series B Mandatory Redeemable Preferred Stock at a $25 liquidation preference, raising approximately $75 million. 476% annual dividend, paid monthly, and are mandatorily…