OPP
RiverNorth/DoubleLine Strategic Opportunity FundOPP
OPP
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.
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
1,300% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 1
27% more funds holding
Funds holding: 44 [Q3] → 56 (+12) [Q4]
15% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 13
9% more capital invested
Capital invested by funds: $46.9M [Q3] → $51.3M (+$4.39M) [Q4]
3.32% more ownership
Funds ownership: 22.49% [Q3] → 25.81% (+3.32%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for OPP.
Financial journalist opinion
Based on 3 articles about OPP published over the past 30 days
Neutral
Business Wire
1 week 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.
Positive
Seeking Alpha
2 weeks 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.
Neutral
Business Wire
4 weeks 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.
Negative
Seeking Alpha
2 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.
Positive
Seeking Alpha
3 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.
Neutral
Business Wire
3 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 2025, as detailed below. Further, the Funds have established the distribution dates for January, February, and March 2025. The payment of the distributions are subject to Board approval. Ex Date Record Date Payable Date January 15, 2025 January 15, 2025 January 31, 2025 February 14, 2025 Februa.
Neutral
Business Wire
5 months ago
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Non-Transferable Rights Offering for Common and Preferred Stock
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) today announced the final results of its inseparable non-transferable rights to purchase additional shares of common stock and newly issued 6.00%, 3-Year Term, Series C Term Preferred Stock (the “Series C Preferred Stock”) of the Fund (the “Offering”). The Fund will issue a total of 838,412 new shares of common stock and 419,206 new shares of Series C Preferred Stock as a resu.
Neutral
Business Wire
5 months ago
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Preliminary Results of Non-transferable Rights Offering for Common and Preferred Stock
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) today announced the preliminary results of its inseparable non-transferable rights to purchase additional shares of common stock and newly issued 6.00%, 3-Year Term, Series C Term Preferred Stock (the “Series C Preferred Stock”) of the Fund (the “Offering”) that expired on November 25, 2024 (the “Expiration Date”). In the Offering, the Fund received subscription requests for 8.
Neutral
Business Wire
5 months ago
Reminder: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Non-Transferable Rights Offering for Common and Preferred Stock
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--As previously announced in press releases dated October 21, 2024 and November 1, 2024 (the “Prior Announcements”), the Board of Directors of the RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) has authorized and set the terms of an offering to the Fund's stockholders of inseparable non-transferable rights to purchase additional shares of common stock and newly issued 6.00%, 3-Year Term, Series C Term Preferred Stock (the “S.
Positive
Seeking Alpha
5 months ago
OPP: Rights Offering Presents Opportunity To Collect High Yield Income At Discounted Price
OPP offers a 13.7% yield and trades at a discount to NAV of nearly -7%. A rights offering will allow shareholders to exercise six rights to buy two shares of common stock and one share of Series C Preferred stock. While I consider OPP a good CEF for income investors, I believe that the RO will offer some potential buying opportunities as investors fear dilution to the NAV.
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