RiverNorth Opportunities Fund closes USD 75 million private placement of Series B mandatory redeemable preferred shares
RiverNorth Opportunities Fund closed a $75 million private offering of Series B Mandatory Redeemable Preferred Shares due Sept. 18, 2031. Proceeds to refinance existing debt, fund new portfolio investments. Series B MRPS carries a 6.48% dividend rate, Moody’s A1 rating. Disclaimer: This news brief was created by Public