| RIV: Massive, Fully Covered Distribution At A Discount |
The RiverNorth Opportunities Fund offers a 13.00% yield, significantly higher than major indices and comparable funds, making it attractive for income-focused investors. The RIV closed-end fund's hybrid strategy includes investing in closed-end funds, ETFs, BDCs, and SPACs, providing diversified exposure and high income. The fund invests mostly in American securities and investment companies, but it does have some foreign market exposure. |
seekingalpha.com |
2025-04-02 20:25:20 |
Czytaj oryginał (ang.) |
| Very Bad News For Closed-End Funds |
Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods. |
seekingalpha.com |
2025-02-24 09:31:08 |
Czytaj oryginał (ang.) |
| RIV: This High-Yielding Fund's Valuation Is Getting Better |
The RiverNorth Opportunities Fund offers a high yield of 12.91%, significantly higher than most index funds, appealing to income-seeking investors. Despite recent underperformance, the fund's diversified investments in closed-end funds, ETFs, BDCs, and SPACs provide a strong income potential. The portfolio is mostly closed-end funds, with surprisingly limited exposure to BDCs right now. |
seekingalpha.com |
2025-01-14 10:06:47 |
Czytaj oryginał (ang.) |
| CSE Bulletin: Delist - RIV Capital Inc. (RIV) |
Toronto, Ontario--(Newsfile Corp. - Le 19 décembre/December 2024) - The previously announced Plan of Arrangement has closed and Cansortium Inc., has acquired all the issued and outstanding Class A common shares of RIV Capital Inc. The common shares of RIV Capital Inc. will be delisted from the CSE at market close today, December 19, 2024. _________________________________ Le plan d'arrangement annoncé précédemment a été clôturé et Cansortium Inc. a acquis toutes les actions ordinaires de catégorie A émises et en circulation de RIV Capital Inc. Les actions ordinaires de RIV Capital Inc. seront radiées du CSE à la clôture des marchés aujourd'hui, le 19 décembre 2024. |
newsfilecorp.com |
2024-12-19 17:58:00 |
Czytaj oryginał (ang.) |
| FLUENT Completes Acquisition of RIV Capital, Adding New York Retail, Wholesale and Cultivation Operations to its Multi-State Footprint |
Accelerates FLUENT's entry into one of the largest and fastest growing cannabis markets in the world Enables FLUENT banner to expand its retail door count to 42, add on its first wholesale division as well as continue to expand its house of brands One of the largest U.S. cannabis transactions of 2024, further bolstering FLUENT's balance sheet with approximately US $33 million 1,2 in cash just weeks after securing industry attractive refinancing that positions the Company to consider additional M&A and growth opportunities Acquires RIV Capital's assets and cash balance in a debt-free, all stock transaction: The Hawthorne Collective completes exchange of its existing Convertible Notes in RIV Capital for a new class of non-voting Exchangeable Shares of Cansortium, eliminating US$160 million 3 of debt Conference Call to be Held Today, December 19, 2024, at 4:00 p.m. (Eastern Time) TAMPA, Fla. |
globenewswire.com |
2024-12-19 13:41:00 |
Czytaj oryginał (ang.) |
| RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024 |
Company reports record quarterly revenue of $4.9 million Adjusted EBITDA1 loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida Cansortium Business Combination anticipated to close in the coming weeks TORONTO , Nov. 29, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), a firm dedicated to developing a leading multi-state platform with a strong portfolio of cannabis brands focused on key strategic markets in the United States ("U.S."), today released its financial results for the third quarter ended September 30, 2024 ("Q3 2024"). All financial information in this press release is reported in U.S. dollars unless otherwise indicated. |
prnewswire.com |
2024-11-29 10:00:00 |
Czytaj oryginał (ang.) |
| These 10 Dividend Stocks Are Generating $520 In Dividend Income Every Month |
According to |
247wallst.com |
2024-11-01 13:36:16 |
Czytaj oryginał (ang.) |
| RIV: This High-Yielding Fund Is Very Expensive |
The RiverNorth Opportunities Fund offers a high yield of 12.30%, appealing to income-focused investors, but its high expenses and poor historical performance may be concerning. The fund primarily invests in closed-end funds, business development companies, and SPACs, aiming to profit from price inefficiencies and leverage. The fund reduced its allocation to closed-end funds and went to cash in the third quarter for some reason. This may be due to compressed discounts in the asset class. |
seekingalpha.com |
2024-10-28 10:59:08 |
Czytaj oryginał (ang.) |
| RIV Capital Provides Update on Revenue Performance and Synergy Realization Ahead of Anticipated Business Combination |
Significant Year-Over-Year Net Revenue Growth Driven by Robust Retail Performance Following Adult-Use Sales Launch in New York and Strong Bulk Wholesale Performance Pace of Synergy Realization faster than Expected, Strongly Positioning the Company for its Anticipated Business Combination with Cansortium TORONTO , Oct. 24, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform, today announced an operational update highlighting the Company's recent achievements ahead of its previously announced business combination with Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) ("Cansortium"), a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand (the "Business Combination"). Recent Operational Highlights: Based on preliminary estimates of financial results, year-to-date net revenue, as of October 23, 2024, doubled compared to the same period in the prior calendar year, with substantial growth in the third quarter of 2024 ("Q3 2024") and momentum expected to continue to build in the fourth quarter of 2024. |
prnewswire.com |
2024-10-24 12:30:00 |
Czytaj oryginał (ang.) |
| RIV Capital Establishes Distribution Partnership with Nabis |
Strategic Partnership Poised to Boost Market Penetration and Streamline Operations, Accelerating RIV Capital's Growth in New York's Thriving Market TORONTO , Oct. 16, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform, today announced a distribution partnership agreement with Siban Holdings, Inc. ("Nabis") (the "Agreement"), a leading wholesale platform in the cannabis industry. Under the terms of the Agreement, Nabis's technology and expertise will facilitate distribution for the Company's branded products to licensed retailers across New York state. |
prnewswire.com |
2024-10-16 21:00:00 |
Czytaj oryginał (ang.) |
| RIV Capital and Cansortium Receive New York State Cannabis Control Board Approval for Change of Control |
Transaction expected to close in the fourth quarter of 2024 TORONTO , Oct. 10, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform, and Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) ("Cansortium"), a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand, today announced that they have received New York Cannabis Control Board approval for their previously announced business combination (the "Business Combination"). "We are thrilled to have received regulatory approval in New York to move forward with our business combination transaction, bringing us closer to completing this important step for both of our companies in the fourth quarter of 2024," said Robert Beasley, Chief Executive Officer of Cansortium. |
prnewswire.com |
2024-10-10 18:25:00 |
Czytaj oryginał (ang.) |
| RIV Capital and Etain Commence Adult-Use Sales at Kingston Dispensary |
TORONTO , Oct. 8, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform, is pleased to announce that Etain has commenced co-located adult-use sales at its existing medical dispensary located at 445 NY-28, Kingston, New York. The opening follows the Company's recent launch of adult-use sales at its Etain Manhattan location, as well as the New York debut of the MOODS line of branded cannabis products. |
prnewswire.com |
2024-10-08 11:30:00 |
Czytaj oryginał (ang.) |
| RIV Capital and Cansortium Celebrate the Successful Launch of MOODS in New York |
Flavorful, experience-enhancing cannabis brand now available at Etain dispensaries in NY and the wholesale market TORONTO , Oct. 3, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, and Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) ("Cansortium"), a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand, today announced that the MOODS cannabis brand ("MOODS") is now available in New York. The carefully formulated line of cannabis products is now available at the Company's Etain branded dispensaries, with additional third-party dispensary locations expected as wholesale sales have commenced. |
prnewswire.com |
2024-10-03 11:30:00 |
Czytaj oryginał (ang.) |
| RiverNorth Closed-End Funds Declare Monthly Distributions |
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--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. |
businesswire.com |
2024-10-01 21:00:00 |
Czytaj oryginał (ang.) |
| RIV Capital Appoints David E Vautrin to Interim CEO |
TORONTO , Oct. 1, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, announced today that Mike Totzke, Interim Chief Executive Officer and Chief Operating Officer, has resigned from the company, effective October 1 st, 2024. The Board of Directors has appointed its current Chief Retail Officer, David E Vautrin, as Interim Chief Executive Officer. |
prnewswire.com |
2024-10-01 11:30:00 |
Czytaj oryginał (ang.) |
| RIV Capital and Etain Open Second Adult-Use Location in New York |
Etain commenced adult-use sales at midtown Manhattan dispensary in September NEW YORK , Sept. 25, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, is pleased to announce that Etain has launched adult-use sales at its dispensary in Manhattan. |
prnewswire.com |
2024-09-25 12:00:00 |
Czytaj oryginał (ang.) |
| Need $15,000 Passive Income? Buy These Dividend Stocks |
24/7 Wall Street Insights Closed-End Mutual Funds (CEF) trade like stocks but provide comparable performance to their Open-End Mutual Fund cousins and may have additional advantages. |
247wallst.com |
2024-08-31 15:01:02 |
Czytaj oryginał (ang.) |
| RIV Capital's revenue more than doubles as New York cannabis market gears up |
RIV Capital Inc. reported a narrower loss and more than double its quarterly revenue on Wednesday as the cannabis company looked to scale up its Etain dispensaries in New York. |
marketwatch.com |
2024-08-28 13:28:00 |
Czytaj oryginał (ang.) |
| RIV Capital Reports Financial Results for the Second Quarter Ended June 30, 2024 |
Company reports quarterly revenue of $3.8 million, up 112% year-over-year and 77% quarter-over-quarter On track to complete business combination with Cansortium later this year, which will leverage RIV Capital's reported cash balance of $57.7 million to support growth across multi-state footprint TORONTO , Aug. 28, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, today released its financial results for the second quarter ended June 30, 2024 ("Q2 2024"). All financial information in this press release is reported in U.S. dollars unless otherwise indicated. |
prnewswire.com |
2024-08-28 12:25:00 |
Czytaj oryginał (ang.) |
| RIV Capital Announces Shareholder Approval of Business Combination with Cansortium and Cansortium Announces Shareholder Approval of the Amendment Proposal |
TORONTO , Aug. 27, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, is pleased to announce that holders ("RIV Shareholders") of Class A common shares ("RIV Shares") of RIV Capital voted in favor of a special resolution (the "Arrangement Resolution") to approve the previously announced proposed business combination (the "Business Combination") with Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) ("Cansortium"), a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand, at the Annual General and Special Meeting of RIV Shareholders (the "RIV Meeting") held earlier today. Cansortium is also pleased to announce that holders ("Cansortium Shareholders") of common shares of Cansortium voted in favor of a special resolution (the "Amendment Proposal") to authorize an amendment to its articles to, among other things, create a new class of non-voting exchangeable shares in connection with the Business Combination, at the annual general and special meeting of Cansortium Shareholders (the "Cansortium Meeting") held earlier today. |
prnewswire.com |
2024-08-27 22:01:00 |
Czytaj oryginał (ang.) |
| RIV Capital sets date for financial results for second quarter ended June 30, 2024 |
TORONTO , Aug. 21, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, will report its financial results for the three and six months ended June 30, 2024, before markets open on Wednesday, August 28, 2024. The Company's unaudited condensed interim consolidated financial statements and management's discussion and analysis for the three and six months ended June 30, 2024, will be available on the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.rivcapital.com/investors. |
prnewswire.com |
2024-08-21 21:01:00 |
Czytaj oryginał (ang.) |
| RIV Capital and Cansortium Inc. Provide Integration Update Ahead of Completing Merger |
Encourages Shareholders to Vote Well in Advance of the Proxy Deadline of 9:30 a.m. (Eastern time) on August 23, 2024 TORONTO , Aug. 19, 2024 /PRNewswire/ - August 19, 2024 - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, and Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) ("Cansortium"), a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand, today provided an update on the integration activities currently underway, in preparation for the completion of the previously announced business combination. |
prnewswire.com |
2024-08-19 21:01:00 |
Czytaj oryginał (ang.) |
| RIV: Good Fund With A Solid Strategy, But Price Is A Bit High |
RiverNorth Opportunities Fund offers a high current yield of 12.41%, much higher than its peers. The fund focuses on closed-end funds, ETFs, SPACs, and BDCs to capitalize on market inefficiencies. The fund's strategy works pretty well for delivering both a high level of current income and capital gains. |
seekingalpha.com |
2024-08-14 12:04:16 |
Czytaj oryginał (ang.) |