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RiverNorth Managed Volatility Fund to liquidate

TheShadowTheShadow
in Fund Discussions
http://www.sec.gov/Archives/edgar/data/1370177/000139834415004753/fp0015268_497.htm

497 1 fp0015268_497.htm


RIVERNORTH FUNDS

RiverNorth Managed Volatility Fund

(Ticker Symbol RNBWX)

July 29, 2015

SUPPLEMENT TO PROSPECTUS DATED

January 28, 2015

The RiverNorth Managed Volatility Fund to Close and Liquidate.

At a meeting of the Board of Trustees (the "Board") of RiverNorth Funds held on July 29, 2015, the Board approved the closure and liquidation of the RiverNorth Managed Volatility Fund (the "Fund").

Accordingly, effective July 29, 2015 the Fund (i) is closed to new purchase orders, (ii) will no longer pursue its stated investment objective, and (iii) will sell or convert all current investments to cash in anticipation of full liquidation on, or about August 7, 2015.

If a shareholder does not voluntarily redeem his or her investment in the Fund by the liquidation date, the Fund will send proceeds from the shareholder's account to his or her address of record.

RIVERNORTH FUNDS

c/o ALPS Fund Services, Inc.

1290 Broadway, Suite 1100

Denver, Colorado 80203

1-888-848-7569


Please retain this supplement with your Prospectus for future reference.

Comments

  • VintageFreakVintageFreak
    edited July 2015
    Thank you, I own this sucker and was just thinking yesterday to cut my losses. I just put in order to sell. It was going nowhere but recently suddenly tanked - you can see from chart. Almost like some investor pulled out a of money. Time will tell.

    I expect RiverNorth to be an outstanding fundizen. I own RNDLX in my IRA.
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