RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Corporation Announce Preferred Dividends

Rhea-AI Summary

RiverNorth/DoubleLine Strategic Opportunity Fund has declared preferred dividends for Q3 2022. Key dates are: Ex-Dividend: August 1, 2022, Record: August 2, 2022, Payable: August 15, 2022. The distributions are $0.27344 for 4.375% Series A and $0.29688 for 4.75% Series B Cumulative Preferred Stock. RiverNorth Specialty Finance Corporation's 5.875% Series A Term Preferred Stock will have a distribution of $0.36719. The fund manages $5.7 billion in assets and focuses on opportunistic investment strategies.

Positive

• Declaring preferred dividends signals strong cash flow and financial health.
• Distributions range from $0.27344 to $0.36719 per share, providing income for shareholders.
• Consistent dividend payments reflect confidence in ongoing investment strategies.

Negative

• None.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Corporation are each pleased to announce the declaration of preferred dividends for the third quarter of 2022, as detailed below.

Ex Date	Record Date	Payable Date
August 1, 2022	August 2, 2022	August 15, 2022

Fund Name	Preferred Stock Series	NYSE	Distribution Per Share
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.	4.375% Series A Cumulative Preferred Stock	OPPPRA	$0.27344
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.	4.75% Series B Cumulative Preferred Stock	OPPPRB	$0.29688
RiverNorth Specialty Finance Corporation	5.875% Series A Term Preferred Stock	RMPL	$0.36719

About RiverNorth

RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With $5.7 billion¹ in assets under management as of May 31, 2022, RiverNorth specializes in opportunistic investment strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is an institutional investment manager to registered funds, private funds and separately managed accounts.

The distributions were calculated based on the preferred shares Liquidation Preference of $25.00 per share and most current quarterly distribution rate per share of $0.27344 for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.’s 4.375% Series A Cumulative Preferred Stock, $0.29688 for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.’s 4.75% Series B Cumulative Preferred Stock, and $0.36719 for RiverNorth Specialty Finance Corporation’s 5.875% Series A Term Preferred Stock, respectively. Distributions may be paid from sources of income other than ordinary income, such as net realized short-term capital gains, net realized long-term capital gains and return of capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. If a distribution includes anything other than net investment income, the Fund provides a Section 19(a) notice of the best estimate of its distribution sources at that time. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year.

This data is for information only and should not be construed as an official tax form, nor should it be considered tax or investment advice. RiverNorth is not a tax advisor and investors should consult a tax professional for guidance regarding their specific tax situation. Please consult your legal or tax advisor.

Investors should consider the Fund's investment objective, risks, charges and expenses carefully before investing. The prospectus should be read carefully before investing. For more information, please read the prospectus, call your financial professional or call 844.569.4750.

Investing in the Fund involves certain risks, including loss of principal, that are described in the "Risks" section of each Prospectus.

Marketing services provided by ALPS Distributors Inc. ALPS and RiverNorth are not affiliated.

¹ Firm AUM reflects Managed Assets which includes the effects of leverage and investments in affiliated funds.

RiverNorth® is a registered trademark of RiverNorth Capital Management, LLC. DoubleLine® is a registered trademark of DoubleLine Capital LP.

©2000-2022 RiverNorth Capital Management, LLC. All rights reserved.

OPP000117

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Investor Contact

Chris Lakumb, CFA, CAIA

312.445.2336

clakumb@rivernorth.com

Source: RiverNorth Capital Management, LLC

FAQ

What are the dividend details for OPP?

OPP has declared a dividend of $0.27344 for Series A and $0.29688 for Series B preferred stocks.

When are the dividends payable for OPP?

The dividends for OPP are payable on August 15, 2022.

What is the ex-dividend date for OPP?

The ex-dividend date for OPP is August 1, 2022.

How much will I receive per share if I hold OPP?

If you hold OPP, you will receive $0.27344 for Series A and $0.29688 for Series B preferred shares.