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, RiverNorth/DoubleLine Strategic Opportunity Fund, and RiverNorth Capital and Income Fund have declared preferred dividends for Q3 2024. The ex-date, record date, and payable date are set for August 1, August 1, and August 15, 2024, respectively. Dividend rates range from 4.375% to 6.000% depending on the fund and series. RiverNorth Capital Management, with $5.0 billion in assets under management as of June 30, 2024, specializes in opportunistic investment strategies in niche markets. The distributions are based on a $25.00 per share liquidation preference. Investors are advised to consult the prospectus and tax professionals for guidance.

Positive

• Consistent dividend payments to preferred shareholders
• RiverNorth Capital Management has $5.0 billion in assets under management
• Specialized investment strategy focusing on niche market inefficiencies

Negative

• Distributions may include sources other than ordinary income, potentially affecting tax implications
• Investing in the funds involves risk of loss of principal

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 2024, as detailed below.

Ex Date	Record Date	Payable Date
August 1, 2024	August 1, 2024	August 15, 2024

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

RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With $5.0 billion¹ in assets under management as of June 30, 2024, 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.

©2000-2024 RiverNorth Capital Management, LLC. All rights reserved.

OPP000127

View source version on businesswire.com: https://www.businesswire.com/news/home/20240719116556/en/

RiverNorth CEF Investor Relations

800-646-0148, Option 1

CEF@rivernorth.com

Source: RiverNorth Capital Management, LLC

FAQ

What are the dividend rates for RiverNorth Opportunities Fund's preferred stock (OPP) in Q3 2024?

RiverNorth Opportunities Fund's 6.000% Series A Perpetual Preferred Stock (RIVPRA) will pay a dividend of $0.37500 per share for Q3 2024.

When is the ex-date for RiverNorth's Q3 2024 preferred dividends?

The ex-date for RiverNorth's Q3 2024 preferred dividends is August 1, 2024.

What is the liquidation preference for RiverNorth's preferred shares?

The liquidation preference for RiverNorth's preferred shares is $25.00 per share.

How much assets under management does RiverNorth Capital Management have as of June 30, 2024?

RiverNorth Capital Management has $5.0 billion in assets under management as of June 30, 2024.