An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Capital and Income Fund, Inc.* Announce Preferred Dividends
RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Capital and Income Fund, Inc.* Announce Preferred Dividends
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
dividends
Rhea-AI Summary
RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., and RiverNorth Capital and Income Fund, Inc. have declared preferred dividends for the third quarter of 2023. The dividends are payable on August 15, 2023, and the distribution per share for each fund's preferred stock series is as follows: 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, and RiverNorth Capital and Income Fund, Inc. 5.875% Series A Term Preferred Stock RMPL $0.36719. RiverNorth Capital Management, LLC, with $5.1 billion in assets under management as of June 30, 2023, specializes in opportunistic investment strategies in niche markets.
Positive
None.
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 third quarter of 2023, as detailed below.
Ex Date
Record Date
Payable Date
August 1, 2023
August 2, 2023
August 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 June 30, 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.
1Firm AUM reflects Managed Assets which includes the effects of leverage and investments in affiliated funds.
What are the payable dates for the declared preferred dividends for RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., and RiverNorth Capital and Income Fund, Inc.?
The payable date for the declared preferred dividends for the third quarter of 2023 is August 15, 2023.
What is the distribution per share for the preferred stock series of RiverNorth Opportunities Fund, Inc.?
The distribution per share for RiverNorth Opportunities Fund, Inc.'s 6.000% Series A Perpetual Preferred Stock RIVPRA is $0.37500.
What is the total assets under management for RiverNorth Capital Management, LLC as of June 30, 2023?
As of June 30, 2023, RiverNorth Capital Management, LLC has $5.1 billion in assets under management.
What are the specialization areas of RiverNorth Capital Management, LLC?
RiverNorth Capital Management, LLC specializes in opportunistic investment strategies in niche markets.
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
