SCHEDULE: Thrivent Financial Discloses Stake in RiverNorth Opportunities Fund

Thrivent Financial for Lutherans has reported beneficial ownership of 740,000 shares, representing 24.7% of the Mandatory Redeemable Preferred Shares, Series B, of RiverNorth Opportunities Fund, Inc.

Summary

• Thrivent Financial for Lutherans is filing a Schedule 13G, indicating it beneficially owns 740,000 shares of RiverNorth Opportunities Fund, Inc.'s Mandatory Redeemable Preferred Shares, Series B.
• This holding represents 24.7% of the total class of securities.
• The filing is made as of September 18, 2026, the date of the event requiring the filing.
• Thrivent Financial for Lutherans is a Wisconsin fraternal benefit society.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting a change in beneficial ownership without significant new information about the company's performance or future prospects.

Positives

• Thrivent Financial for Lutherans's investment indicates confidence in the RiverNorth Opportunities Fund.
• The filing is a standard disclosure, ensuring transparency for investors.

Negatives

• The filing does not provide any new financial performance data or strategic updates for RiverNorth Opportunities Fund, Inc.

Risks

• Concentration of ownership by a single entity (Thrivent Financial) could potentially influence future decisions or liquidity of the preferred shares.
• The filing does not detail the specific reasons for Thrivent's investment or its long-term strategy regarding these shares.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the future performance or strategy of RiverNorth Opportunities Fund, Inc.

Management Comments

• "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 purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."
• "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."

Industry Context

StockSavvy.ai notes that this filing is a routine Schedule 13G, indicating a significant passive investment by an institutional investor in a preferred share class. Such filings are common when an entity crosses a 5% beneficial ownership threshold and are typically not indicative of immediate strategic shifts by the issuer.

Stakeholder Impact

• Shareholders of RiverNorth Opportunities Fund, Inc.: Increased transparency regarding significant ownership stakes.
• Creditors of RiverNorth Opportunities Fund, Inc.: The filing does not directly impact creditor positions but reflects a stable institutional investor.
• Thrivent Financial for Lutherans: Demonstrates active portfolio management and adherence to regulatory disclosure requirements.

Next Steps

• Thrivent Financial for Lutherans will continue to hold the reported shares in the ordinary course of business.
• RiverNorth Opportunities Fund, Inc. will continue its operations as usual, subject to the terms of its preferred shares.

Key Dates

Keywords

RiverNorth Opportunities Fund, Mandatory Redeemable Preferred Shares, Thrivent Financial for Lutherans, Schedule 13G, Beneficial Ownership, Preferred Stock, Investment Holding