RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Preferred Dividend

Rhea-AI Summary

RiverNorth/DoubleLine Strategic Opportunity Fund has declared a partial cash dividend of $0.06684 per share for its 4.375% Series A Cumulative Preferred Stock (NYSE: OPPPRA) for Q4 2020. The ex-dividend date is set for October 30, 2020, with a record date of November 2, 2020 and a payable date of November 16, 2020. RiverNorth manages assets totaling $4.4 billion, focusing on niche investment strategies.

Positive

• Declared a Q4 2020 cash dividend of $0.06684 per share, providing income for shareholders.
• Maintains a significant asset base of $4.4 billion, indicating strong capital management.

Negative

• None.

CHICAGO--(BUSINESS WIRE)--In accordance with the terms of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.’s 4.375% Series A Cumulative Preferred Stock (the “Preferred Stock”) (NYSE: OPPPRA), the Board of Directors of RiverNorth/DoubleLine Strategic Opportunity Fund Inc. has declared a Series A Preferred Stock partial cash dividend for the fourth quarter of 2020 of $0.06684 per share of Series A Preferred Stock.

The following dates apply to the dividend declared:

Ex Date	Record Date	Payable Date
October 30, 2020	November 2, 2020	November 16, 2020

About RiverNorth

RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With $4.4 billion¹ in assets under management as of September 30, 2020, 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 distribution was calculated based on the preferred shares Liquidation Preference of $25.00 per share and most current quarterly distribution rate per share of $0.27344. 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 current distribution has been paid from ordinary income. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the 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 principle, that are described in the "Risks" section of the Preliminary Prospectus.

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.
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