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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Texas Quality Municipal</name>
        <lei>549300W0DKM8NJX50T64</lei>
        <title>Nuveen Texas Quality Municipal Income Fund</title>
        <cusip>670983105</cusip>
        <identifiers>
          <isin value="US6709831050"/>
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        <balance>94692.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1315271.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Tender Option Bond Trust Recei</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88034RJ30</cusip>
        <identifiers>
          <isin value="US88034RJ306"/>
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        <balance>-2335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-2335000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
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          <annualizedRt>1.61000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Tender Option Bond Trust</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88034NYG3</cusip>
        <identifiers>
          <isin value="US88034NYG32"/>
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        <balance>-5945000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-5945000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.63000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oklahoma City Ok Arpt Trust</name>
        <lei>N/A</lei>
        <title>Oklahoma City Airport Trust</title>
        <cusip>6785354E2</cusip>
        <identifiers>
          <isin value="US6785354E20"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4792600.00000000</valUSD>
        <pctVal>3.248651522126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tender Option Bond Trust</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88034N7M0</cusip>
        <identifiers>
          <isin value="US88034N7M05"/>
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        <balance>-4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-4000000.00000000</valUSD>
        <pctVal>-2.71138966083</pctVal>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.61000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alliancebernstein National Mun</name>
        <lei>MNYPOOOZYY8V01GEIT28</lei>
        <title>AllianceBernstein National Municipal Income Fund, Inc.</title>
        <cusip>01864U106</cusip>
        <identifiers>
          <isin value="US01864U1060"/>
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        <balance>212612.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2929793.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tender Option Bond Trust</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88034NXW9</cusip>
        <identifiers>
          <isin value="US88034NXW90"/>
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        <balance>-4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-4000000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.61000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Honolulu City &amp; Cnty Hi</name>
        <lei>N/A</lei>
        <title>City &amp; County of Honolulu HI</title>
        <cusip>438687FU4</cusip>
        <identifiers>
          <isin value="US438687FU43"/>
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        <balance>7650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9438952.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Blackrock Muniyield Quality Fu</name>
        <lei>PRQP520S3DVB025IWS24</lei>
        <title>BlackRock MuniYield Quality Fund II, Inc.</title>
        <cusip>09254G108</cusip>
        <identifiers>
          <isin value="US09254G1085"/>
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        <balance>27525.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>356999.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nuveen Connecticut Quality Mun</name>
        <lei>549300V8XU3FOBIV4V57</lei>
        <title>Nuveen Connecticut Quality Municipal Income Fund</title>
        <cusip>67060D107</cusip>
        <identifiers>
          <isin value="US67060D1072"/>
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        <balance>181995.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2442372.90000000</valUSD>
        <pctVal>1.655556157239</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tender Option Bond Trust</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88034NYA6</cusip>
        <identifiers>
          <isin value="US88034NYA61"/>
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        <balance>-6640000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-6640000.00000000</valUSD>
        <pctVal>-4.50090683698</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.64000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pioneer Municipal High Income</name>
        <lei>UE8ZNXHQH48NNA19I459</lei>
        <title>Pioneer Municipal High Income Advantage Trust</title>
        <cusip>723762100</cusip>
        <identifiers>
          <isin value="US7237621005"/>
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        <balance>104860.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1147168.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tender Option Bond Trust Recei</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88034RG90</cusip>
        <identifiers>
          <isin value="US88034RG906"/>
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        <balance>-2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-2000000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.63000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eaton Vance California Municip</name>
        <lei>5493000EWT76UUJKIW67</lei>
        <title>Eaton Vance California Municipal Income Trust</title>
        <cusip>27826F101</cusip>
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          <isin value="US27826F1012"/>
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        <balance>161246.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2167146.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nuveen New York Quality Munici</name>
        <lei>549300JEW2FW8DFDDM30</lei>
        <title>Nuveen New York Quality Municipal Income Fund</title>
        <cusip>67066X107</cusip>
        <identifiers>
          <isin value="US67066X1072"/>
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        <balance>97528.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1390749.28000000</valUSD>
        <pctVal>0.942715804650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tender Option Bond Trust</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88034NE34</cusip>
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          <isin value="US88034NE348"/>
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        <balance>-3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-3000000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.88000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Will Cnty Il</name>
        <lei>N/A</lei>
        <title>County of Will IL</title>
        <cusip>968657HN9</cusip>
        <identifiers>
          <isin value="US968657HN91"/>
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        <balance>8125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9253643.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Amt-free Municipal Cred</name>
        <lei>549300LBMO1C0IG71T03</lei>
        <title>Nuveen Dividend Advantage Municipal Income Fund</title>
        <cusip>67071L106</cusip>
        <identifiers>
          <isin value="US67071L1061"/>
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        <balance>406587.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6802200.51000000</valUSD>
        <pctVal>4.610854033430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tender Option Bond Trust</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88034NJ62</cusip>
        <identifiers>
          <isin value="US88034NJ628"/>
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        <balance>-5735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-5735000.00000000</valUSD>
        <pctVal>-3.88745492621</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.61000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Blackrock Muniholdings New Yor</name>
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      <invstOrSec>
        <name>Illinois St</name>
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      <invstOrSec>
        <name>Nuveen Georgia Quality Municip</name>
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      <invstOrSec>
        <name>Folsom Cordova Ca Unif Sch Dis</name>
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      <invstOrSec>
        <name>Bexar Cnty Tx</name>
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      <invstOrSec>
        <name>Tender Option Bond Trust</name>
        <lei>N/A</lei>
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        <cusip>88034NVW1</cusip>
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          <isin value="US88034NVW19"/>
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      <invstOrSec>
        <name>Connecticut St</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>State of Connecticut</title>
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          <isin value="US20772J4M10"/>
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      <invstOrSec>
        <name>Nuveen Quality Municipal Incom</name>
        <lei>549300RDIO25ZNWCOA97</lei>
        <title>Nuveen Quality Municipal Income Fund</title>
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          <isin value="US67066V1017"/>
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      <invstOrSec>
        <name>Tender Option Bond Trust Recei</name>
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          <isin value="US88034RH995"/>
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        <name>Miami-dade Cnty Fl</name>
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        <name>Nuveen North Carolina Quality</name>
        <lei>5493009G6XRWG4JTL358</lei>
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        <name>Massachusetts St</name>
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        <name>Tender Option Bond Trust Recei</name>
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        <name>Blackrock Muni New York Interm</name>
        <lei>QBYVXZGTBGYIK7O14C08</lei>
        <title>BlackRock Muni New York Intermediate Duration Fund, Inc.</title>
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        <name>Pioneer Municipal High Income</name>
        <lei>1SKUXW31ZFWF61CETQ82</lei>
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        <name>Coast Ca Cmnty Clg Dist</name>
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        <name>Los Angeles Ca Unif Sch Dist</name>
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        <name>Nuveen Intermediate Duration M</name>
        <lei>5493001W3VSD7ZLC7O52</lei>
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        <name>Nuveen California Quality Muni</name>
        <lei>549300ZT6V9X5U9BHR46</lei>
        <title>Nuveen California Quality Municipal Income Fund</title>
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        <name>COLORADO HEALTH FACS AUTH</name>
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        <title>Colorado St Hlth Facs Co 4 11/15/2043</title>
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        <name>Blackrock Prov Instl Municash</name>
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        <name>Blackrock Muniyield California</name>
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        <name>Tender Option Bond Trust</name>
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          <isin value="US88034NVY74"/>
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        <name>Invesco Municipal Opportunity</name>
        <lei>WERC5RXCUSU16MOTZ848</lei>
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        <name>Blackrock Municipal Income Qua</name>
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        <name>Illinois St Toll Highway Auth</name>
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        <name>Tender Option Bond Trust</name>
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        <name>Mfs California Municipal Fund</name>
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          <ticker value="USZ9"/>
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        <name>Nuveen Intermediate Duration Q</name>
        <lei>5493001W3VSD7ZLC7O52</lei>
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        <name>Blackrock Muniholdings Califor</name>
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        <name>Tender Option Bond Trust</name>
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        <name>Nuveen New York Municipal Valu</name>
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        <name>New York Ny</name>
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        <name>Blackrock Municipal 2030 Targe</name>
        <lei>3UOUT0TVSWH2MLU2XJ29</lei>
        <title>BlackRock Municipal 2030 Target Term Trust</title>
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        <name>Eaton Vance Municipal Bond Fun</name>
        <lei>5493006Q4EBOXVQBQD12</lei>
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        <cusip>27827X101</cusip>
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          <isin value="US27827X1019"/>
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        <balance>473217.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6132892.32000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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        <name>Invesco Municipal Trust</name>
        <lei>GKS5Y4B1VKHV66WSPK53</lei>
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          <isin value="US46131J1034"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>614157.44000000</valUSD>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Spring Branch Tx Indep Sch Dis</name>
        <lei>N/A</lei>
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        <cusip>849476ST4</cusip>
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          <isin value="US849476ST44"/>
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        <curCd>USD</curCd>
        <valUSD>9240876.75000000</valUSD>
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        <debtSec>
          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Regl Transprtn Dist Co Cops</name>
        <lei>N/A</lei>
        <title>Regional Transportation District</title>
        <cusip>75913THY3</cusip>
        <identifiers>
          <isin value="US75913THY38"/>
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        <balance>4420000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4738947.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
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        <name>Invesco Quality Municipal Inco</name>
        <lei>WLEGDSEH0E242WVNUY02</lei>
        <title>Invesco Quality Municipal Income Trust</title>
        <cusip>46133G107</cusip>
        <identifiers>
          <isin value="US46133G1076"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1590692.30000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Eaton Vance New York Municipal</name>
        <lei>549300WVQCB83XE35C46</lei>
        <title>Eaton Vance New York Municipal Income Trust</title>
        <cusip>27826W104</cusip>
        <identifiers>
          <isin value="US27826W1045"/>
        </identifiers>
        <balance>3553.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47610.20000000</valUSD>
        <pctVal>0.032272451007</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blackrock Muniyield Quality Fu</name>
        <lei>UB5J2GS6Q51M6A2L8886</lei>
        <title>BlackRock MuniYield Quality Fund III, Inc.</title>
        <cusip>09254E103</cusip>
        <identifiers>
          <isin value="US09254E1038"/>
        </identifiers>
        <balance>437729.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5939982.53000000</valUSD>
        <pctVal>4.026401804341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tender Option Bond Trust</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88034NNN0</cusip>
        <identifiers>
          <isin value="US88034NNN02"/>
        </identifiers>
        <balance>-3315000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3315000.00000000</valUSD>
        <pctVal>-2.24706418141</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.68000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2019-10-31</ncom:dateSigned>
      <ncom:nameOfApplicant>RIVERNORTH OPPORTUNITIES FUND INC.</ncom:nameOfApplicant>
      <ncom:signature>Jonathan M. Mohrhardt</ncom:signature>
      <ncom:signerName>Jonathan M. Mohrhardt</ncom:signerName>
      <ncom:title>Treasurer &amp; Chief Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
