Quantisnow Logo
Dashboard

SEC Form SC 13G filed by RiverNorth Opportunities Fund Inc.

$RIV
Finance Companies
Finance
Get the next $RIV alert in real time by email
SC 13G 1 13GInitial-RIV2-10-22.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 RiverNorth Opportunities Fund, Inc. (RIV) ------------------------------------------------------------------------ (Name of Issuer) Common Stock ------------------------------------------------------------------------ (Title of Class of Securities) 76881Y109 ------------------------------------------------------------------------ (CUSIP Number) December 31, 2021 ------------------------------------------------------------------------ (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). ----------------------------- ------------------------------ CUSIP No. 76881Y109 13G Page 2 of 6 Pages ----------------------------- ------------------------------ ------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sit Investment Associates, Inc. 41-1404829 --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |___| (b) |_X_| --------------------------------------------------------------------------- 3 SEC USE ONLY --------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Minnesota --------------------------------------------------------------------------- 5 SOLE VOTING POWER 696,320 NUMBER OF ------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 696,320 PERSON ------------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER -0- --------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 696,320 -------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) Not Applicable --------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.60% --------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) Sit Investment Associates, Inc. (client accounts) IA -------------------------------------------------------------------------- ------------------------------ -------------------------- CUSIP No. 76881Y109 13G Page 3 of 6 Pages ------------------------------ -------------------------- ITEM 1 (a) Name of Issuer: RiverNorth Opportunities Fund, Inc. (RIV) ITEM 1 (b) Address of Issuer's Principal Executive Offices: Attn: Legal Department c/o RiverNorth 1290 Broadway, Suite 1000 Denver, CO 80203 ITEM 2 (a) Name of Person Filing: Sit Investment Associates, Inc. Sit Investment Associates, Inc. ("SIA") is an Investment Adviser registered under section 203 of the Investment Advisers Act of 1940. SIA has one subsidiary that is a registered Investment Adviser: 1. Sit Fixed Income Advisors II, LLC 41-1894024 SIA is the Investment Advisor for fourteen mutual funds (the "Funds") which are comprised of five registered investment companies, two of which consist of series funds as listed below. SIA has the voting power and dispositive power for all securities owned by SIA and the following mutual funds. 1) Sit Mid Cap Growth Fund, Inc. 2) Sit Large Cap Growth Fund, Inc. 3) Sit U.S. Government Securities Fund, Inc. Sit Mutual Funds, Inc. 4) Sit International Growth Fund (series A) 5) Sit Balanced Fund (series B) 6) Sit Developing Markets Growth Fund (series C) 7) Sit Small Cap Growth fund (series D) 8) Sit Dividend Growth Fund (series G) 9) Sit Global Dividend Growth Fund (series H) 10) Sit Small Cap Dividend Growth Fund (series I) 11) Sit ESG Growth Fund (series J) Sit Mutual Funds II, Inc. 12) Sit Tax-Free Income Fund (series A) 13) Sit Minnesota Tax-Free Income Fund (series B) 14) Sit Quality Income Fund (series E) Of the affiliated entities indicated above, only SIA and its affiliates (client accounts) beneficially owned shares of the Issuer common stock as of December 31, 2021. ------------------------------ -------------------------- CUSIP No. 76881Y109 13G Page 4 of 6 Pages ------------------------------ -------------------------- ITEM 2 (b) Address of Principal Business Office or, if none, Residence: 3300 IDS Center 80 South Eighth Street Minneapolis, MN 55402 ITEM 2 (c) Citizenship: Minnesota Corporation ITEM 2 (d) Title of Class of Securities: Common Stock ITEM 2 (e) CUSIP Number: 76881Y109 ITEM 3 (e) (a) [ ] Broker or Dealer registered under Section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (d) [ ] Investment company registered under section 8 of the Investment Company Act (e) [ X ] Investment Adviser registered under section 203 of the Investment Advisers Act of 1940. (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund: see section 240.13d-1(b)(1)(ii)(F) (g) [ ] Parent Holding Company, in accordance with section 240.13d- 1(b)(ii)(G) (Note: see Item 7) (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J) (k) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(H) ITEM 4 Ownership (a) Amount Beneficially Owned: Number of shares beneficially owned by each reporting person with sole voting power; and aggregate amount beneficially owned by each reporting person: SIA and Affiliates Ownership as of 12/31/21: Shares SIA (client accounts) 696,320 Total Shares Owned By SIA and Affiliated Entities 696,320 ------------------------------ -------------------------- CUSIP No. 76881Y109 13G Page 5 of 6 Pages ------------------------------ --------------------------- (b) Percent of Class: Outstanding as of 12/31/21: 12,436,466 SIA and Affiliates Ownership @ 12/31/21: % Owned SIA (client accounts) 5.60% Total Shares Owned By SIA and Affiliated Entities 5.60% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 696,320 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 696,320 (iv) Shared power to dispose or to direct the disposition of: 0 ITEM 5 Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. ITEM 6 Ownership of More than Five Percent on Behalf of Another Person: N/A ITEM 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: N/A ITEM 8 Identification and Classification of Members of the Group: N/A ITEM 9 Notice of Dissolution of Group: N/A ------------------------------ --------------------------- CUSIP No. 76881Y109 13G Page 6 of 6 Pages ------------------------------ --------------------------- ITEM 10 Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purposes of effect, other than activities solely in connection with a nomination under 240.14a-11. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. SIT INVESTMENT ASSOCIATES, INC. Date: February 10, 2022 By: /s/ Paul E. Rasmussen Title: Vice President
Get the next $RIV alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$RIV

DatePrice TargetRatingAnalyst
More analyst ratings

$RIV
 Press Releases

Fastest customizable press release news feed in the world

See more

  • RiverNorth Closed-End Funds Declare Monthly Distributions

    In accordance with the RiverNorth closed-end funds (the "Funds") level distribution policies, the Funds have established the distribution dates for April, May and June 2025. The payment of the distributions are subject to Board approval. Ex Date Record Date Payable Date 4/15/2025 4/15/2025 4/30/2025 5/15/2025 5/15/2025 5/30/2025 6/13/2025 6/13/2025 6/30/2025 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as of 3/31/2025 Annualized Current Distribution Rate at NAV Market Price as of 3/31/2025 Annualized Current Distribution Rate at Market Inception to Date Cumulative Distributions^

    $OPP
    $RFM
    $RFMZ
    $RIV
    Finance/Investors Services
    Finance
    Trusts Except Educational Religious and Charitable
    Finance Companies

  • RiverNorth Closed-End Funds Declare Monthly Distributions

    In accordance with the RiverNorth closed-end funds (the "Funds") level distribution policies, the reset distribution rates have been proposed for the calendar year 2025, as detailed below. Further, the Funds have established the distribution dates for January, February, and March 2025. The payment of the distributions are subject to Board approval. Ex Date Record Date Payable Date January 15, 2025 January 15, 2025 January 31, 2025 February 14, 2025 February 14, 2025 February 28, 2025 March 14, 2025 March 14, 2025 March 31, 2025 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Sh

    $OPP
    $RFM
    $RFMZ
    $RIV
    Finance/Investors Services
    Finance
    Trusts Except Educational Religious and Charitable
    Finance Companies

  • RiverNorth Closed-End Funds Declare Monthly Distributions

    In accordance with the RiverNorth closed-end funds (the "Funds") level distribution policies, the Funds have declared distributions for October, November and December 2024, as detailed below. Ex Date Record Date Payable Date October 15, 2024 October 15, 2024 October 31, 2024 November 15, 2024 November 15, 2024 November 29, 2024 December 13, 2024 December 13, 2024 December 31, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as of 9/30/2024 Annualized Current Distribution Rate at NAV Market Price as of 9/30/2024 Annualized Current Distribution Rate at Market Inception to Date

    $OPP
    $RFM
    $RFMZ
    $RIV
    Finance/Investors Services
    Finance
    Trusts Except Educational Religious and Charitable
    Finance Companies

$RIV
 Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$RIV
 Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$RIV
 SEC Filings

See more

$RIV
 Financials

Live finance-specific insights

See more

  • RiverNorth Closed-End Funds Declare Monthly Distributions

    In accordance with the RiverNorth closed-end funds (the "Funds") level distribution policies, the Funds have established the distribution dates for April, May and June 2025. The payment of the distributions are subject to Board approval. Ex Date Record Date Payable Date 4/15/2025 4/15/2025 4/30/2025 5/15/2025 5/15/2025 5/30/2025 6/13/2025 6/13/2025 6/30/2025 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as of 3/31/2025 Annualized Current Distribution Rate at NAV Market Price as of 3/31/2025 Annualized Current Distribution Rate at Market Inception to Date Cumulative Distributions^

    $OPP
    $RFM
    $RFMZ
    $RIV
    Finance/Investors Services
    Finance
    Trusts Except Educational Religious and Charitable
    Finance Companies

  • RiverNorth Closed-End Funds Declare Monthly Distributions

    In accordance with the RiverNorth closed-end funds (the "Funds") level distribution policies, the reset distribution rates have been proposed for the calendar year 2025, as detailed below. Further, the Funds have established the distribution dates for January, February, and March 2025. The payment of the distributions are subject to Board approval. Ex Date Record Date Payable Date January 15, 2025 January 15, 2025 January 31, 2025 February 14, 2025 February 14, 2025 February 28, 2025 March 14, 2025 March 14, 2025 March 31, 2025 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Sh

    $OPP
    $RFM
    $RFMZ
    $RIV
    Finance/Investors Services
    Finance
    Trusts Except Educational Religious and Charitable
    Finance Companies

  • RiverNorth Closed-End Funds Declare Monthly Distributions

    In accordance with the RiverNorth closed-end funds (the "Funds") level distribution policies, the Funds have declared distributions for October, November and December 2024, as detailed below. Ex Date Record Date Payable Date October 15, 2024 October 15, 2024 October 31, 2024 November 15, 2024 November 15, 2024 November 29, 2024 December 13, 2024 December 13, 2024 December 31, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as of 9/30/2024 Annualized Current Distribution Rate at NAV Market Price as of 9/30/2024 Annualized Current Distribution Rate at Market Inception to Date

    $OPP
    $RFM
    $RFMZ
    $RIV
    Finance/Investors Services
    Finance
    Trusts Except Educational Religious and Charitable
    Finance Companies

$RIV
 Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more