RIV: 13%+ Dividend Yield In Common, But The Preferred Stock Is The Smarter Choice

RiverNorth Opportunities Fund Inc. manages $324M in net assets with a diversified portfolio spanning SPACs, US equity, bonds, and BDCs. RIV trades at a 4% discount to NAV, near its 5-year average, and sits at one of its lowest historical points. The fund's 5-year NAV total return is 6.25%, underperforming its peer group, with moderate correlation to broad allocation ETFs. RIV employs 24% leverage and carries a high 3.76% expense ratio, with a short estimated duration of 1.3 years. RIV.PR.A has close to 6.7% current yield, an A1 credit rating and a capital protection.