M&A - RiverNorth Funds

Form Type: 497

Filing Date: 2025-06-03

Corporate Action: Merger

Type: Update

Accession Number: 000139834425011195

Filing Summary: The RiverNorth Core Opportunity Fund is set to convert into an Exchange Traded Fund, known as the RiverNorth Active Income ETF, following an Agreement and Plan of Reorganization and Termination approved by the Board of Trustees, pending shareholder approval. A Special Meeting for shareholders will occur on or about August 4, 2025, to vote on the Plan. Shareholders of record as of June 5, 2025, are eligible to vote and will receive further prospectus and proxy statement information. If the Plan is approved, the Reorganization is expected to happen early in Q3 2025. Additionally, the Fund's Class I share class will merge into the Class R share class on or about July 7, 2025, and the Class R share Rule 12b-1 plan will terminate on June 30, 2025. The Fund will stop accepting investments from direct shareholders after June 6, 2025, requiring purchases to go through intermediaries.