Stable Income In Uncertain Times: The Hidden Opportunity In RIV And RIV.PR.A
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Arbitrage TraderInvesting Group LeaderFollow5ShareSavePlay(5min)CommentsFollow us on Google for the latest stock newsFollow Seeking Alpha on Google for the latest stock newsSummaryRiverNorth Opportunities Fund offers diversified exposure via CEFs, SPACs, and BDCs with a tactical asset allocation strategy.RIV currently trades at a 3.7% discount, with 3-year annualized NAV returns near 12% and a 24.1% leverage ratio.RIV.PR.A preferred stock provides a 6.59% yield, an A1 Moody’s rating, and regulatory protection, making it appealing for conservative investors.RIV.PR.A trades below par and offers one of the highest yields among peer fund preferreds with similar credit ratings.Looking for a portfolio of ideas like this one? Members of Trade With Beta get exclusive access to our subscriber-only portfolios. Learn More » Willie B. Thomas/DigitalVision via Getty Images As markets become more unpredictable, many people are wondering how to preserve their money and even earn a regular income from it. One option that has been gaining interest recently is the RiverNorth Opportunities Fund (This article was written byArbitrage Trader15.75K FollowersFollowArbitrage Trader, aka Denislav Iliev has been day trading for 15+ years and leads a team of 40 analysts. They identify mispriced investments in fixed-income and closed-end funds based on simple-to-understand financial logic. Denislav leads the investing group Trade With Beta, features of the service include: frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of 1200+ equities, IPO previews, hedging strategies, an actively managed portfolio, and chat for discussion. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.