RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announce Preferred Dividends

Rhea-AI Summary

RiverNorth Opportunities Fund and RiverNorth/DoubleLine Strategic Opportunity Fund have announced their preferred dividend distributions for the first quarter of 2025. The dividends will be paid on February 14, 2025, with an ex-date and record date of February 3, 2025.

The distributions include: $0.37500 per share for RiverNorth Opportunities Fund's 6.000% Series A Perpetual Preferred Stock (RIVPRA), $0.27344 per share for RiverNorth/DoubleLine's 4.375% Series A Cumulative Preferred Stock (OPPPRA), $0.29688 per share for the 4.750% Series B Cumulative Preferred Stock (OPPPRB), and $0.12500 per share for the 6.000% Series C Term Preferred Stock (OPPPRC). The Series C distribution represents a partial payment covering the period from December 2, 2024, through February 14, 2025.

Positive

• Regular quarterly dividend payments maintained across all preferred stock series
• Multiple preferred stock options offering different yield opportunities for investors

Negative

• None.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. are each pleased to announce the declaration of preferred dividends for the first quarter of 2025, as detailed below.

Ex Date			Record Date			Payable Date
February 3, 2025			February 3, 2025			February 14, 2025

Fund Name	Preferred Stock Series	NYSE	Distribution Per Share
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
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.	6.000% Series C Term Preferred Stock	OPPPRC	$0.12500*
* Partial distribution representing the period from OPPPRC’s original issue date of December 2,2024 through February 14, 2025.

About RiverNorth

RiverNorth Capital Management, LLC is an independent investment manager and closed-end fund expert specializing in opportunistic strategies and structures built to exploit market inefficiencies. Founded in 2000, RiverNorth manages $5.1 billion¹ of assets in registered funds, private funds and separately managed accounts.

¹ As of November 30, 2024. Firm AUM reflects Managed Assets which includes the effects of leverage and investments in affiliated funds.

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 $0.37500 for the RiverNorth Opportunities Fund, Inc.’s 6.000% Series A Perpetual Preferred Stock, $0.27344 for the RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.’s 4.375% Series A Cumulative Preferred Stock, and $0.29688 for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.’s 4.750% Series B Cumulative Preferred Stock, respectively. For the RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.’s 6.000% Series C Term Preferred Stock, the distribution was calculated based on the preferred shares Liquidation Preference of $10.00 per share and a partial quarter distribution rate per share of $0.12500. 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. Marketing services provided by ALPS Distributors Inc. ALPS and RiverNorth are not affiliated.
RiverNorth® is a registered trademark of RiverNorth Capital Management, LLC. DoubleLine® is a registered trademark of DoubleLine Capital LP.
©2000-2025 RiverNorth Capital Management, LLC. All rights reserved. OPP000145

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RiverNorth CEF Investor Relations

800-646-0148, Option 1

CEF@rivernorth.com

Source: RiverNorth Capital Management, LLC

FAQ

What are the dividend payment dates for RiverNorth/DoubleLine Strategic Opportunity Fund preferred shares in Q1 2025?

The preferred dividends will be paid on February 14, 2025, with an ex-date and record date of February 3, 2025.

How much is the dividend for OPPPRA shares in Q1 2025?

The dividend for OPPPRA (4.375% Series A Cumulative Preferred Stock) is $0.27344 per share.

Why is the OPPPRC dividend amount lower than other series for Q1 2025?

The OPPPRC dividend of $0.12500 is a partial distribution representing the period from its original issue date of December 2, 2024, through February 14, 2025.

What is the dividend amount for RiverNorth Opportunities Fund's Series A Preferred Stock (RIVPRA)?

The RIVPRA (6.000% Series A Perpetual Preferred Stock) dividend is $0.37500 per share.