0000913849-15-000048.txt : 20150218 0000913849-15-000048.hdr.sgml : 20150216 20150217142415 ACCESSION NUMBER: 0000913849-15-000048 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150217 DATE AS OF CHANGE: 20150217 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST OPPORTUNITY FUND INC CENTRAL INDEX KEY: 0000790202 IRS NUMBER: 133341573 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39548 FILM NUMBER: 15621005 BUSINESS ADDRESS: STREET 1: 2344 SPRUCE STREET STREET 2: SUITE A CITY: BOULDER STATE: CO ZIP: 80302 BUSINESS PHONE: 3034445483 MAIL ADDRESS: STREET 1: 2344 SPRUCE STREET STREET 2: SUITE A CITY: BOULDER STATE: CO ZIP: 80302 FORMER COMPANY: FORMER CONFORMED NAME: FIRST FINANCIAL FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FIRST SAVINGS & BANKING INSTITUTIONS FUND INC DATE OF NAME CHANGE: 19860402 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RIVERNORTH CAPITAL MANAGEMENT, LLC CENTRAL INDEX KEY: 0001447578 IRS NUMBER: 271560688 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 325 N. LASALLE STREET STREET 2: SUITE 645 CITY: CHICAGO STATE: IL ZIP: 60654 BUSINESS PHONE: 312-832-0409 MAIL ADDRESS: STREET 1: 325 N. LASALLE STREET STREET 2: SUITE 645 CITY: CHICAGO STATE: IL ZIP: 60654 FORMER COMPANY: FORMER CONFORMED NAME: RIVERNORTH CAPITAL MANAGEMENT, INC. DATE OF NAME CHANGE: 20081009 SC 13G/A 1 sc13ga_021215.htm SCHEDULE 13G/A sc13ga_021215.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
__________
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
 
(Amendment No. 3)*
 

First Opportunity Fund, Inc.
(Name of Issuer)
 
Common Stock
(Title of Class of Securities)
 
33587T108
(CUSIP Number)
 
December 31, 2014
(Date of Event Which Requires Filing of this Statement)

 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
ý      Rule 13d-1(b)
¨      Rule 13d-1(c)
¨      Rule 13d-1(d)
 
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 
 

CUSIP No. 33587T108
13G
Page   2   of   5   Pages


 
1.
NAME OF REPORTING PERSON
 
RIVERNORTH CAPITAL MANAGEMENT, LLC
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) ¨
 
(b) ¨
 
3.
SEC USE ONLY
 
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
5.
SOLE VOTING POWER
 
1,658,423
6.
SHARED VOTING POWER
 
0
7.
SOLE DISPOSITIVE POWER
 
1,658,423
8.
SHARED DISPOSITIVE POWER
 
0
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,658,423
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
¨
 
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
5.77%
12.
TYPE OF REPORTING PERSON
 
IA

 
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CUSIP No. 33587T108
13G
Page   3   of   5   Pages


 
Item 1(a).
Name of Issuer:
 
 
First Opportunity Fund, Inc.
 
Item 1(b).
Address of Issuer’s Principal Executive Offices:
 
 
2344 Spruce Street
Suite A
Boulder, CO 80302
 
Item 2(a).
Name of Person Filing:
 
 
RiverNorth Capital Management, LLC
 
Item 2(b).
Address of Principal Business Office or, if none, Residence:
 
 
325 N. LaSalle Street
Suite 645
Chicago, IL 60654-7030
 
Item 2(c).
Citizenship:
 
 
Delaware Limited Liability Company
 
Item 2(d).
Title of Class of Securities:
 
 
Common Stock
 
Item 2(e).
CUSIP Number:
 
 
33587T108
 
Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
 
(a)
  o
Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
 
 
(b)
  o
Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
 
 
(c)
  o
Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
 
 
(d)
  o
Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
 
 
(e)
  x
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
 
 
(f)
  o
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
 
 
(g)
  o
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
 
 
(h)
  o
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
 
(i)
  o
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 
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CUSIP No. 33587T108
13G
Page   4   of   5   Pages

 
 
(j)
  o
A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
 
 
(k)
  o
Group, in accordance with §240.13d-1(b)(1)(ii)(K).
 
 
If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:  __________________________
 
Item 4.
Ownership.
 
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
 
(a)
Amount beneficially owned:  1,658,423
 
 
(b)
Percent of class:  5.77%
 
 
(c)
Number of shares as to which such person has:
 
    (i)
       Sole power to vote or direct the vote:  1,658,423
 
    (ii)
       Shared power to vote or direct the vote:  0
 
    (iii)
       Sole power to dispose or to direct the disposition of:  1,658,423
 
    (iv)
       Shared power to dispose or to direct the disposition of:  0
 
Item 5.
Ownership of Five Percent or Less of a Class.
 
 
Not applicable.
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
 
 
Not applicable.
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
 
 
Not applicable.
 
Item 8.
Identification and Classification of Members of the Group.
 
 
Not applicable.
 
Item 9.
Notice of Dissolution of Group.
 
 
Not applicable.
 
Item 10.
Certification.
 
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 
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CUSIP No. 33587T108
13G
Page   5   of   5   Pages
 
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 
February 17, 2015
 
Date
 
  /s/Marcus Collins
 
Signature
 
 
Marcus Collins, Chief Compliance Officer
 
Name and Title

 

 
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