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

Rhea-AI Summary

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) has declared preferred dividends for Q2 2022. The Ex Date is May 2, 2022, Record Date is May 3, 2022, and Payment Date is May 16, 2022. Preferred stock distributions include $0.27344 for 4.375% Series A, $0.29688 for 4.75% Series B, and $0.36719 for RiverNorth Specialty Finance Corporation's Series A Term Preferred. These amounts are based on a $25 Liquidation Preference per share. Investors are advised that distributions may come from various income sources and should consult tax professionals for guidance.

Positive

• Preferred dividends declared for Q2 2022, showing commitment to shareholder returns.
• Series A and B preferred stocks provide consistent income with dividends of $0.27344 and $0.29688 respectively.

Negative

• Distributions may come from sources other than ordinary income, potentially affecting long-term income sustainability.

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 second quarter of 2022, as detailed below.

Ex Date	Record Date	Payable Date
May 2, 2022	May 3, 2022	May 16, 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 $5.9 billion¹ in assets under management as of February 28, 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.

Member Firm 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.
OPP000113

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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 preferred dividends for RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) in Q2 2022?

The preferred dividends declared for Q2 2022 are $0.27344 for 4.375% Series A and $0.29688 for 4.75% Series B.

What are the key dates for the preferred dividends of OPP?

The Ex Date is May 2, 2022, Record Date is May 3, 2022, and Payable Date is May 16, 2022.

How are the dividends for OPP preferred stocks calculated?

The distributions are based on a Liquidation Preference of $25.00 per share.

What should investors know about the sources of dividends for OPP?

Distributions may be sourced from net realized gains, not just ordinary income, so investors should consult their tax advisors.