OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

Overview Fund Activity
8.65 USD
0.00
0%
At close Updated Sep 16, 11:53 AM EDT
1 day
0%
5 days
-1.48%
1 month
1.17%
3 months
3.59%
6 months
0.7%
Year to date
2.49%
1 year
-3.35%
5 years
-37.41%
10 years
-56.18%
 

About: RiverNorth/DoubleLine Strategic Opportunity Fund Inc is a closed-end management investment company. The company's investment objective is to seek current income and overall total return.

Financials Asset Management
0
Funds holding %
of 7,463 funds
–
Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

5% more capital invested

Capital invested by funds: $54.7M [Q1] → $57.6M (+$2.95M) [Q2]

4% more funds holding

Funds holding: 48 [Q1] → 50 (+2) [Q2]

1.55% more ownership

Funds ownership: 26.77% [Q1] → 28.32% (+1.55%) [Q2]

12% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 17

See Fund Rankings

Financial journalist opinion

Positive
Seeking Alpha
17 days ago
OPP: The Preferred Shares Are A Good Deal
I prefer OPP's preferred equity due to the mandatory 200% asset coverage ratio, which provides a strong layer of safety for investors. Preferred dividends are well covered by net investment income, and the current asset coverage ratio stands at a healthy 281%. Series B preferred shares offer a higher yield (6.5%) than Series A, with minimal call risk, making them the more attractive option right now.
OPP: The Preferred Shares Are A Good Deal
Neutral
Business Wire
2 months ago
RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announce Preferred Dividends
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 third quarter of 2025, as detailed below. Ex Date   Record Date   Payable Date August 1, 2025   August 1, 2025   August 15, 2025 Fund Name Preferred Stock Series NYSE Distribution Per Share RiverNorth Opportunities Fund, Inc. 6.000% Series A Perpetual Preferred Stock RIVPRA $0.37500 Rive.
RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announce Preferred Dividends
Negative
Seeking Alpha
2 months ago
OPP May Expose Investors To Illiquid Risk During A Time Of Heightened Economic Uncertainty
RiverNorth/DoubleLine Strategic Opportunity Fund offers a high 13.33% yield but faces significant risks from leverage, declining rates, and macroeconomic headwinds that may impact small business loans. The fund's heavy allocation to floating-rate loans and small business debt could suffer if rates fall and trade tensions escalate, increasing default risk. OPP's high fees, underperformance versus peers, and declining distributions further weaken its investment appeal compared to similar closed-end funds.
OPP May Expose Investors To Illiquid Risk During A Time Of Heightened Economic Uncertainty
Neutral
Seeking Alpha
2 months ago
OPP: Don't Trust The Distribution As It Is Not Sustainable
RiverNorth/DoubleLine Strategic Opportunity Fund offers a standout 13.33% yield, far exceeding most fixed-income and peer funds, making it attractive for income seekers. Despite high yields, the fund has a history of distribution cuts and struggles to fully cover payouts, risking further reductions and eroding net asset value. The portfolio is heavily weighted toward debt securities, limiting capital appreciation potential and exposing investors to risks from U.S. dollar weakness and inflation.
OPP: Don't Trust The Distribution As It Is Not Sustainable
Neutral
Business Wire
2 months ago
RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have established the distribution dates for July, August and September 2025. The payments of the distributions are subject to Board approval. Ex Date Record Date Payable Date 7/15/2025 7/15/2025 7/31/2025 8/15/2025 8/15/2025 8/29/2025 9/15/2025 9/15/2025 9/30/2025 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as.
RiverNorth Closed-End Funds Declare Monthly Distributions
Neutral
Business Wire
5 months ago
RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announce Preferred Dividends
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 second quarter of 2025, as detailed below. Ex Date Record Date Payable Date May 1, 2025 May 1, 2025 May 15, 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/DoubleLin.
RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announce Preferred Dividends
Positive
Seeking Alpha
5 months ago
OPP: Reliant On Lower Interest Rates To Fuel Growth
RiverNorth/DoubleLine Strategic Opportunity Fund offers a high 13.6% dividend yield, blending debt investments to provide consistent monthly income, appealing to income-seeking investors. OPP's performance is hindered by high interest rates, with a 37.2% price decline over five years, despite a 29% total return including distributions. The fund's diversified debt strategy includes MBS, small business loans, and leveraged investments, but high leverage and interest rate sensitivity pose significant risks.
OPP: Reliant On Lower Interest Rates To Fuel Growth
Neutral
Business Wire
5 months ago
RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have established the distribution dates for April, May and June 2025. The payment of the distributions are subject to Board approval. Ex Date Record Date Payable Date 4/15/2025 4/15/2025 4/30/2025 5/15/2025 5/15/2025 5/30/2025 6/13/2025 6/13/2025 6/30/2025 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as of 3/31.
RiverNorth Closed-End Funds Declare Monthly Distributions
Negative
Seeking Alpha
6 months ago
Very Bad News For Closed-End Funds
Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods.
Very Bad News For Closed-End Funds
Positive
Seeking Alpha
8 months ago
OPP-C: A 6.00% Term Preferred IPO From RiverNorth/DoubleLine Strategic Opportunity Fund
RiverNorth/DoubleLine Strategic Opportunity Fund issued a new 6.00% term preferred stock (OPP-C) with a $10 par value. OPP-C offers a strong credit quality, backed by a large cushion from common share distributions, making it a relatively safe investment for up to three years. The fund's capital structure and asset coverage covenants further enhance the security of OPP-C, despite its small issue size potentially limiting large positions.
OPP-C: A 6.00% Term Preferred IPO From RiverNorth/DoubleLine Strategic Opportunity Fund
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