RiverNorth Core Opportunity Fund (I class) lowers initial minimum

TheShadow

...but it is still expensive.

https://www.sec.gov/Archives/edgar/data/1370177/000139834420008148/fp0053131_497.htm

RIVERNORTH FUNDS
RiverNorth Core Opportunity Fund
Institutional Share Class
(Ticker Symbol RNCIX)
April 17, 2020

SUPPLEMENT TO PROSPECTUS DATED
January 28, 2020

The RiverNorth Core Opportunity Fund Institutional Share Class to Reduce Initial Minimum Investment Amount.

On April 6, 2020 the Board of Trustees (the "Board") of RiverNorth Funds approved a change to the initial minimum investment amount for the Institutional Share Class for the RiverNorth Core Opportunity Fund (the “Fund”). Effective on April 24, 2020, the minimum initial investment amount for the Fund’s Institutional Share Class (ticker RNCIX) will reduce from $5,000,000 to $100,000.

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.

Shostakovich

Can you even buy the retail shares via R/N? Over the long haul, this strikes me as a great way to buy undervalued assets.

BenWP

RNCIX is available with transaction fee and an ER of 2.72% at Schwab. The fund has not attracted much interest even though the idea sounds good. It didn’t do squat for me when I owned it soon after it opened. CEFs are wonky and a fund of CEFs is wonkier still.