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RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

7.03 USD
+0.03
0.43%
At close Updated Nov 2, 12:40 PM EST
1 day
0.43%
5 days
1.88%
1 month
1.15%
3 months
-7.01%
6 months
-10.33%
Year to date
-11.46%
1 year
-12.56%
5 years
-52.85%
10 years
-64.44%
 

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

News

Positive
Neutral
Negative
Sentiment 3-Months
Positive 50%
Neutral 50%
Negative 0%
Neutral
Seeking Alpha
8 days ago
Catch The Alpha At The Bottoms: OPP's Lagging Preferred Stocks
The RiverNorth/DoubleLine Strategic Opportunity Fund preferreds lag TLT's recovery, offering an attractive alpha capture opportunity as spreads narrow. OPP-A and OPP-B preferreds provide high yields near 7.7%, investment-grade ratings, and are protected by a 200% asset coverage requirement under the Investment Company Act of 1940. Both preferreds trade below par due to liquidity lags, despite robust fundamentals and a stable institutional framework.
Catch The Alpha At The Bottoms: OPP's Lagging Preferred Stocks
Positive
Seeking Alpha
2 months ago
OPP: Don't Buy The 14% Yield; Buy The Managers' Strategy
RiverNorth/DoubleLine Strategic Opportunity Fund remains a 'Buy' due to its robust active management and leveraged, short-duration MBS focus. OPP has shifted its portfolio to overweight MBS, reduced duration to 2.7 years, and eliminated Treasuries, enhancing resilience to rate and inflation pressures. Despite a headline 14% distribution, actual sustainable yield is closer to 9–10%; total returns hinge on managers' skills and capital gains.
OPP: Don't Buy The 14% Yield; Buy The Managers' Strategy
Neutral
Business Wire
3 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 2026, as detailed below. Ex Date Record Date Payable Date August 3, 2026 August 3, 2026 August 14, 2026 Fund Name Preferred Stock Series NYSE Distribution Per Share RiverNorth Opportunities Fund, Inc. 6.000% Series A Perpetual Preferred Stock RIVPRA $0.37500 RiverNorth/D.
RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announce Preferred Dividends
Neutral
Business Wire
4 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 2026. The payments of the distributions are subject to Board approval. Ex Date         Record Date         Payable Date   7/15/2026         7/15/2026         7/31/2026   8/14/2026         8/14/2026         8/31/2026   9/15/2026         9/15/2026         9/30/2026   Tax-Exempt Distri.
RiverNorth Closed-End Funds Declare Monthly Distributions
Neutral
Business Wire
6 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 2026, as detailed below. Ex Date Record Date Payable Date May 1, 2026 May 1, 2026 May 15, 2026 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
6 months ago
7 High-Yield Fixed Income CEFs Trading At Wide Discounts
Seven high-yield fixed income CEFs—ARDC, BGH, BIT, GHY, KIO, OPP, WDI—currently trade at wider-than-average discounts, offering yields from 10% to 14%. Market fears over private credit and macroeconomic uncertainty have pressured prices, creating potential buying opportunities for long-term income investors. These funds diversify across senior loans, high-yield bonds, CLOs, and MBS, balancing floating and fixed-rate exposure to manage interest rate risk.
7 High-Yield Fixed Income CEFs Trading At Wide Discounts
Neutral
Business Wire
7 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 2026. The payments of the distributions are subject to Board approval. Ex Date Record Date Payable Date 4/15/2026 4/15/2026 4/30/2026 5/15/2026 5/15/2026 5/29/2026 6/15/2026 6/15/2026 6/30/2026 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as of 03.
RiverNorth Closed-End Funds Declare Monthly Distributions
Positive
Seeking Alpha
8 months ago
OPP: This 13%+ Yielding CEF May Not Be As Good As It Appears
The RiverNorth/DoubleLine Strategic Opportunity Fund offers a 13.82% yield but struggles to sustain its distribution, risking further cuts. OPP's heavy bond allocation exposes investors to inflation risk and declining purchasing power, undermining its appeal as a long-term income vehicle. Despite recent distribution cuts, OPP's net asset value continues to decline, signaling ongoing overdistribution and likely future reductions.
OPP: This 13%+ Yielding CEF May Not Be As Good As It Appears
Neutral
Business Wire
9 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 first quarter of 2026, as detailed below. Ex Date Record Date Payable Date February 2, 2026 February 2, 2026 February 13, 2026 Fund Name Preferred Stock Series NYSE Distribution Per Share RiverNorth Opportunities Fund, Inc. 6.000% Series A Perpetual Preferred Stock RIVPRA $0.37500 RiverN.
RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announce Preferred Dividends
Neutral
Business Wire
10 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 reset distribution rates have been proposed for the calendar year 2026, as detailed below. Further, the Funds have established the distribution dates for January, February, and March 2026. The payment of the distributions are subject to Board approval. Ex Date Record Date Payable Date 1/15/2026 1/15/2026 1/30/2026 2/13/2026 2/13/2026 2/27/2026 3/16/2026 3/16/.
RiverNorth Closed-End Funds Declare Monthly Distributions
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