Monitor for any conversion of this 13G to a 13D, which would signal a shift to activist intent. Also watch for any redemption or mandatory conversion events related to the Series B Preferred Shares, as Equitable's large position could influence outcomes.
Price Chart
Executive Summary
Equitable Holdings, Inc. disclosed a passive 47% stake in RiverNorth Opportunities Fund, Inc. (RIV) via a Schedule 13G filing, holding 1,404,000 Series B Mandatory Redeemable Preferred Shares as of September 30, 2026. This is a new filing by Equitable, indicating a significant passive position in the preferred shares of this closed-end fund.
Key Financial Metrics
Key Facts
- Equitable Holdings, Inc. filed a Schedule 13G disclosing beneficial ownership of 1,404,000 Series B Mandatory Redeemable Preferred Shares of RiverNorth Opportunities Fund, Inc.
- The stake represents 47% of the 3,000,000 Series B Preferred Shares outstanding as of September 30, 2026.
- The filing is made under Rule 13d-1(b), confirming a passive investment intent with no control-related purpose.
- This is a new filing by Equitable Holdings; prior 13G filers for RIV include Thrivent Financial and Sit Investment Associates.
Financial Impact
Equitable Holdings holds 1,404,000 Series B Preferred Shares, representing 47% of the outstanding Series B shares. The dollar value of the stake is not disclosed in the filing.
Risk Factors
- Equitable could convert to a 13D and seek changes, though current filing indicates passive intent.
- A 47% concentration in a single preferred series creates potential for liquidity issues if Equitable decides to exit.
- The mandatory redeemable nature of the shares could lead to a large cash outflow for the fund upon redemption.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001333986-26-000050 |
| Document: 0001333986-26-000050-index.html | 0001333986-26-000050 |
| Document: 0001333986-26-000050.txt | 0001333986-26-000050 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | SC 13G | $10.25 | awaiting T+20 | — | $10.25 (0.00%) |
Oct 9, 2026 18d ago | SC 13G | $10.25 | awaiting T+20 | — | $10.25 (0.00%) |
Sep 21, 2026 5w ago | SC 13G | $10.47 $9.93 | ▼ −5.17% | ▼ −4.61% | $10.25 (−2.12%) |
Sep 21, 2026 5w ago | 3 | $10.61 $9.93 | ▼ −6.41% | ▼ −5.85% | $10.25 (−3.39%) |
Sep 18, 2026 5w ago | 8-K | $10.62 $9.92 | ▼ −6.59% | ▼ −5.68% | $10.25 (−3.48%) |
Jun 17, 2026 18w ago | EFFECT | $11.54 $11.53 | ▼ −0.09% | ▼ −1.40% | $10.25 (−11.18%) |
US Market Status
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