RIV-P-A: RIVERNORTH OPPORTUNITIES FUND, INC. 6% Series A Preferred Stock
RIVERNORTH OPPORTUNITIES FUND, INC.'s RIV-P-A is an exchange-traded preferred stock.
At a recent price of $22.37, RIV-P-A yields 6.70% on its $25 liquidation preference and 6% coupon.
It trades at a discount of 10.5% to par.
The issue is cumulative, perpetual (no stated maturity), callable on or after 2027-05-15.
Distributions are paid quarterly.
Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.