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Rivernorth Opportunities Fund (Rivernorth Opportunities Fund) Scaled Net Operating Assets : 0.90 (As of Jan. 2024)


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What is Rivernorth Opportunities Fund Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Rivernorth Opportunities Fund's operating assets for the quarter that ended in Jan. 2024 was $399.02 Mil. Rivernorth Opportunities Fund's operating liabilities for the quarter that ended in Jan. 2024 was $33.18 Mil. Rivernorth Opportunities Fund's Total Assets for the quarter that ended in Jul. 2023 was $406.19 Mil. Therefore, Rivernorth Opportunities Fund's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2024 was 0.90.

Rivernorth Opportunities Fund Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Rivernorth Opportunities Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jul. 2023 )
=(Operating Assets (A: Jul. 2023 )-Operating Liabilities (A: Jul. 2023 ))/Total Assets (A: Jul. 2022 )
=(406.076-44.284)/387.637
=0.93

where

Operating Assets(A: Jul. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=406.185 - 0.109
=406.076

Operating Liabilities(A: Jul. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=44.284 - 0 - 0
=44.284

Rivernorth Opportunities Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2024 )
=(Operating Assets (Q: Jan. 2024 )-Operating Liabilities (Q: Jan. 2024 ))/Total Assets (Q: Jul. 2023 )
=(399.019-33.184)/406.185
=0.90

where

Operating Assets(Q: Jan. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=399.222 - 0.203
=399.019

Operating Liabilities(Q: Jan. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=33.184 - 0 - 0
=33.184

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Rivernorth Opportunities Fund Scaled Net Operating Assets Related Terms

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Rivernorth Opportunities Fund (Rivernorth Opportunities Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Rivernorth Opportunities Fund Inc (NYSE:RIV) » Definitions » Scaled Net Operating Assets
Comparable Companies
FDEU CTR BNY RCS TEI AGD VPV PMF PMX TSI BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
RIVpA.PFD:USA
Address
360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401
Website
https://www.rivernorth.com/riv
Rivernorth Opportunities Fund Inc is a diversified, closed-end management investment company. The fund's investment objective is total return consisting of capital appreciation and current income.
Executives
Jerry Raio director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Patrick W. Galley director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Lisa Bruckert Mougin director C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
John Wayne Hutchens director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Stephen Andrew O'neill other: Portfolio Manager 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
David Swanson director 325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654
Erich Rettinger officer: Treasurer 1290 BROADWAY SUITE 1100, DENVER CO 80203
Robert Douglas Mcclure officer: Treasurer 1290 BROADWAY, SUITE 1000, DENVER CO 80203
Brian H Schmucker other: Officer of Subadviser 325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
Rivernorth Capital Management, Llc other: Investment Sub Adviser 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Sareena Khwaja-dixon officer: Secretary 1290 BROADWAY, SUITE 1100, DENVER CO 80203
John S. Oakes director 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Laton Spahr other: President of the Adviser 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Matthew Sutula other: Interim CCO 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Michael Sleightholme other: Officer of Investment Advisor 1290 BROADWAY, SUITE 1100, DENVER CO 80203