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

Rhea-AI Summary

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.

Positive

• Preferred dividends declared for Q2 2023 signal income continuity.
• Dividends include significant payouts: $0.37500 (RIVPRA), $0.27344 (OPPPRA), $0.29688 (OPPPRB), $0.36719 (RMPL).

Negative

• None.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Capital and Income Fund, Inc. are each pleased to announce the declaration of preferred dividends for the second quarter of 2023, as detailed below.

Ex Date	Record Date	Payable Date
May 1, 2023	May 2, 2023	May 15, 2023

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 Capital and Income Fund, Inc.	5.875% Series A Term Preferred Stock	RMPL	$0.36719

*Formerly known as RiverNorth Specialty Finance Corporation. Effective December 7, 2022 the Fund changed its name to RiverNorth Capital and Income Fund, Inc.

RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With $5.1 billion¹ in assets under management as of March 31, 2023, 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 $0.37500 for the RiverNorth Opportunities Fund, Inc.’s 6.00% Series A Perpetual Preferred Stock, $0.27344 for the 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 the RiverNorth Capital and Income Fund, Inc.’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.

©2000-2023 RiverNorth Capital Management, LLC. All rights reserved.

OPP000127

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Investor Contact

Chris Lakumb, CFA, CAIA

312.445.2336

clakumb@rivernorth.com

Source: RiverNorth Opportunities Fund, Inc.

FAQ

What is the dividend amount for RiverNorth Opportunities Fund, Inc. (RIVPRA)?

The dividend amount for RiverNorth Opportunities Fund, Inc. (RIVPRA) is $0.37500.

When will the preferred dividends for OPP, RIVPRA, and RMPL be paid?

The preferred dividends will be payable on May 15, 2023.

What are the record and ex dates for the preferred dividends announced?

The ex date is May 1, 2023, and the record date is May 2, 2023.

How often are dividends paid for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP)?

Dividends for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) are typically paid quarterly.

What sources contribute to the dividends declared by RiverNorth funds?

Dividends may be paid from various sources, including net realized short-term capital gains and return of capital.