Monitor for any subsequent conversion to Schedule 13D or changes in stake size; as a passive filing, no near-term activist pressure is expected. The 22% concentration in preferred shares could influence future redemption or capital structure decisions.
Price Chart
Executive Summary
AllianceBernstein L.P. disclosed a 22.0% passive stake in RiverNorth Opportunities Fund, Inc.'s Series B Mandatory Redeemable Preferred Shares via Schedule 13G, holding 656,000 shares as of September 30, 2026. This is a new filing by a major asset manager, indicating a significant passive position in the preferred equity of this closed-end fund.
Key Financial Metrics
Key Facts
- AllianceBernstein L.P. filed a Schedule 13G disclosing beneficial ownership of 656,000 Series B Mandatory Redeemable Preferred Shares of RiverNorth Opportunities Fund, Inc.
- The stake represents 22.0% of the 3,000,000 Series B shares outstanding as of September 30, 2026.
- AllianceBernstein certifies the shares were acquired and are held in the ordinary course of business, with no intent to influence control.
- This is a new filing by AllianceBernstein; prior 13G filings for RIV were by Equitable Holdings (Oct 2026), Thrivent Financial (Sep 2026), and Sit Investment Associates (Nov 2025).
Financial Impact
22.0% stake in Series B Preferred Shares valued at approximately $656,000 in shares (face value not disclosed; stake value based on share count only).
Risk Factors
- AllianceBernstein could later convert to an activist filing (13D), though the 13G certification disclaims such intent.
- A large passive holder may reduce liquidity in the preferred shares if they accumulate further or hold long-term.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001109448-26-000284 |
| Document: 0001109448-26-000284-index.html | 0001109448-26-000284 |
| Document: 0001109448-26-000284.txt | 0001109448-26-000284 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | SC 13G | $10.25 | awaiting T+20 | — | $10.17 (−0.78%) |
Oct 9, 2026 18d ago | SC 13G | $10.25 | awaiting T+20 | — | $10.17 (−0.78%) |
Sep 21, 2026 5w ago | SC 13G | $10.47 $9.93 | ▼ −5.17% | ▼ −4.61% | $10.17 (−2.88%) |
Sep 21, 2026 5w ago | 3 | $10.61 $9.93 | ▼ −6.41% | ▼ −5.85% | $10.17 (−4.15%) |
Sep 18, 2026 5w ago | 8-K | $10.62 $9.92 | ▼ −6.59% | ▼ −5.68% | $10.17 (−4.24%) |
Jun 17, 2026 18w ago | EFFECT | $11.54 $11.53 | ▼ −0.09% | ▼ −1.40% | $10.17 (−11.87%) |
US Market Status
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