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SCHEDULE 13G
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Under the Securities Exchange Act of 1934
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(Amendment No. 1)*
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First Opportunity Fund, Inc.
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(Name of Issuer)
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Common Stock
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33587T108
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(CUSIP Number)
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December 31, 2012
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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x Rule 13d-1(b)
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o Rule 13d-1(c)
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o Rule 13d-1(d)
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*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.
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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).
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1.
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Names of Reporting Persons
RIVERNORTH CAPITAL MANAGEMENT, LLC
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2.
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Check the Appropriate Box if a Member of a Group
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(a)
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o
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(b)
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o
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
DELAWARE
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
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5. Sole Voting Power
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1,584,001
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6. Shared Voting Power
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0
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7. Sole Dispositive Power
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1,584,001
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8. Shared Dispositive Power
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0
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
1,584,001
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10.
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Check box if the Aggregate Amount in Row (9) Excludes Certain Shares
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o |
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11.
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Percent of Class Represented by Amount in Row (9)
5.5%
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12.
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Type of Reporting Person
IA
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Item 1(a).
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Name of Issuer:
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First Opportunity Fund, Inc.
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Item 1(b).
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Address of Issuer’s Principal Executive Offices:
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2344 Spruce Street
Suite A
Boulder, CO 80302
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Item 2(a).
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Name of Person Filing:
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RiverNorth Capital Management, LLC
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Item 2(b).
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Address of Principal Business Office or, if none, Residence:
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325 N. LaSalle Street
Suite 645
Chicago, IL 60654-7030
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Item 2(c).
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Citizenship:
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Delaware Limited Liability Company
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Item 2(d).
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Title of Class of Securities:
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Common Stock
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Item 2(e).
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CUSIP Number:
33587T108
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(a)
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o
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Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
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(b)
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o
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Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
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(c)
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o
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Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
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(d)
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o
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Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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(e)
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x
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
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(f)
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o
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
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o
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A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
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(h)
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o
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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o
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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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o
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A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
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(k)
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o
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Group, in accordance with §240.13d-1(b)(1)(ii)(K).
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If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: _____________________________________________________
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| Item 4. |
Ownership.
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(a)
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Amount beneficially owned:
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1,584,001
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(b)
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Percent of class:
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5.5%
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(c)
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Number of shares as to which the person has:
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(i) Sole power to vote or direct the vote: 1,584,001
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(ii) Shared power to vote or direct the vote: 0
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(iii) Sole power to dispose or to direct the disposition of: 1,584,001
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(iv) Shared power to dispose or to direct the disposition of: 0
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| Item 5. |
Ownership of Five Percent or Less of a Class.
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Not applicable.
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| Item 6. |
Ownership of More than Five Percent on Behalf of Another Person.
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Other persons have the right to receive the proceeds from the sale of the securities reported herein.
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| Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
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Not applicable.
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| Item 8. |
Identification and Classification of Members of the Group.
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Not applicable.
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| Item 9. |
Notice of Dissolution of Group.
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Not applicable.
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| Item 10. |
Certification.
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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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February 14, 2013
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Date
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/s/Marcus Collins
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Signature
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Marcus Collins, Chief Compliance Officer
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Name and Title
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