RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. - OPP STOCK NEWS

RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE: OPP) has announced a non-transferable rights offering for common and preferred stock. Record Date Stockholders as of November 5, 2024, will receive one right for each common share held. For every six rights, holders can purchase two new common shares and one new share of 6.00% Series C Preferred Stock. The subscription price for common shares will be at least 90% of NAV or 95% of market price, whichever is higher, while preferred shares are priced at $10. The offering expires on November 25, 2024. The Fund had approximately $341 million in total managed assets as of September 30, 2024.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE: OPP) announces a non-transferable rights offering for common and preferred stock. The offering allows stockholders of record as of November 5, 2024, to purchase additional shares of common stock and newly issued 6.00%, 3-Year Term, Series C Term Preferred Stock. For every six rights held, stockholders can buy two new common shares and one new preferred share. The subscription price for common stock will be based on a formula, while preferred stock will be priced at $10 per share. The subscription period expires on November 25, 2024. The Fund had approximately $341 million in total managed assets and 23.0 million shares of common stock outstanding as of September 30, 2024.

RiverNorth Opportunities Fund, RiverNorth/DoubleLine Strategic Opportunity Fund, and RiverNorth Capital and Income Fund have declared preferred dividends for Q3 2024. The ex-date, record date, and payable date are set for August 1, August 1, and August 15, 2024, respectively. Dividend rates range from 4.375% to 6.000% depending on the fund and series. RiverNorth Capital Management, with $5.0 billion in assets under management as of June 30, 2024, specializes in opportunistic investment strategies in niche markets. The distributions are based on a $25.00 per share liquidation preference. Investors are advised to consult the prospectus and tax professionals for guidance.

RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., and RiverNorth Capital and Income Fund, Inc. have declared preferred dividends for the second quarter of 2024. The dividends for different preferred stock series include RiverNorth Opportunities Fund, Inc. 6.000% Series A Perpetual Preferred Stock, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.375% Series A Cumulative Preferred Stock, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.750% Series B Cumulative Preferred Stock, and RiverNorth Capital and Income Fund, Inc. 5.875% Series A Term Preferred Stock. RiverNorth Capital Management, , managing $5.0 billion in assets, specializes in opportunistic investment strategies in niche markets.

RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., and RiverNorth Capital and Income Fund, Inc. have declared preferred dividends for the first quarter of 2024. The dividends are payable on February 15, 2024. RiverNorth Capital Management, LLC, with $4.9 billion in assets under management, specializes in opportunistic investment strategies in niche markets. The distributions were calculated based on the preferred shares Liquidation Preference and most current quarterly distribution rate per share. Investors should consider the Fund's investment objective, risks, charges, and expenses carefully before investing.

RiverNorth Funds Announce Preferred Dividends for Q4 2023

RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., and RiverNorth Capital and Income Fund, Inc. have declared preferred dividends for the third quarter of 2023. The dividends are payable on August 15, 2023, and the distribution per share for each fund's preferred stock series is as follows: RiverNorth Opportunities Fund, Inc. 6.000% Series A Perpetual Preferred Stock RIVPRA $0.37500, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.375% Series A Cumulative Preferred Stock OPPPRA $0.27344, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.750% Series B Cumulative Preferred Stock OPPPRB $0.29688, and RiverNorth Capital and Income Fund, Inc. 5.875% Series A Term Preferred Stock RMPL $0.36719. RiverNorth Capital Management, LLC, with $5.1 billion in assets under management as of June 30, 2023, specializes in opportunistic investment strategies in niche markets.

RiverNorth Opportunities Fund, Inc. and associated funds announced preferred dividends for Q2 2023. Key dates include the Ex Date on May 1, Record Date on May 2, and Payable Date on May 15. The preferred dividends are as follows: RiverNorth Opportunities Fund, Inc. - $0.37500 for Series A Perpetual Preferred Stock (RIVPRA), RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. - $0.27344 for Series A Cumulative Preferred Stock (OPPPRA) and $0.29688 for Series B Cumulative Preferred Stock (OPPPRB), and RiverNorth Capital and Income Fund, Inc. - $0.36719 for Series A Term Preferred Stock (RMPL). These distributions are based on a Liquidation Preference of $25.00 per share and may originate from various income sources, emphasizing the investment firm’s strategies in niche markets.

RiverNorth Opportunities Fund, Inc. and its associated funds have announced preferred dividends for the first quarter of 2023. The dividends include:

• RIVPRA: $0.37500 (6.000% Series A Perpetual Preferred Stock)
• OPPPRA: $0.27344 (4.375% Series A Cumulative Preferred Stock)
• OPPPRB: $0.29688 (4.750% Series B Cumulative Preferred Stock)
• RMPL: $0.36719 (5.875% Series A Term Preferred Stock)

The ex-date for these dividends is February 1, 2023, with a payable date of February 15, 2023. The distributions may come from various income sources, not limited to ordinary income.