RiverNorth Receives 2015 Lipper Award

RIVERNORTH CORE OPPORTUNITY FUND IS FIVE-YEAR WINNER IN THE UNITED STATES ALTERNATIVE GLOBAL MACRO FUNDS CATEGORY

CHICAGO - RiverNorth, a leading investment management firm that specializes in opportunistic strategies, is pleased to announce that its flagship RiverNorth Core Opportunity Fund (RNCOX) is the five-year winner of the 2015 United States Lipper Award in the Alternative Global Macro Funds Category. Each year, the Lipper U.S. Fund awards are given on an objective performance-based methodology.

"We are pleased with the Fund's historical performance. Our track record was built on trading closed-end funds in the secondary market," said Portfolio Manager Steve O’Neill. "When discounts¹ are wide, as they are today, we believe we have more opportunity to generate alpha² for our shareholders."

The $810 million³ RiverNorth Core Opportunity Fund is an open-end mutual fund focusing on opportunistically investing in closed-end funds. It offers investors a balanced approach and diversification to multiple asset classes in a single investment.

“Our focus on delivering strong, consistent risk-adjusted returns for our shareholders is RiverNorth’s core objective,” said Patrick Galley, Chief Investment Officer and Portfolio Manager of RiverNorth. “On behalf of RiverNorth, we are honored to receive this recognition from Lipper.”

• Download the Lipper Award Certificate (PDF)

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Past performance does not guarantee future results. Diversification does not ensure a profit or guarantee against loss.

¹ The price at which a closed-end fund trades often varies from its NAV. Some funds have market prices below their net asset values - referred to as a discount. Conversely, some funds have market prices above their net asset values - referred to as a premium.

² Alpha is a measure of performance on a risk-adjusted basis. The excess return of a fund relative to the return of the benchmark index is a fund’s alpha.

³ Fund assets under management (AUM) as of 3.31.2015.

The Lipper Fund Awards program honors funds that have excelled in delivering consistently strong risk-adjusted performance, relative to peers, based on Lipper’s proprietary performancebased methodology. The Lipper Fund Awards take place in 23 countries in Asia, Europe, MENA, and the Americas. Lipper designates award-winning funds in most individual classifications for the three-, five-, and ten-year periods. There are 30 funds in the 2015 United States Five-year Alternative Global Macro Funds category.