RiverNorth/DoubleLine Strategic Opportunity Fund

OPP

Market cap $200M

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) today announced the final results of its transferable rights offering (the “Offering”). The Fund will issue 1,180,525 new shares of common stock as a result of the Offering which closed on November 18, 2025 (the “Expiration Date”). The subscription price of $7.94 per share in the Offering was established on the Expiration Date based on a formula equal to 90% of the reported ne.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) today announced the preliminary results of its transferable rights offering (the “Offering”) that expired on November 18, 2025 (the “Expiration Date”). In the Offering, the Fund received subscription requests for 1,180,525 shares of common stock from rights holders. Accordingly, the Fund expects to issue 1,180,525 new shares of common stock for these subscriptions, pending the.

RiverNorth/DoubleLine Strategic Opportunity Fund is downgraded to a sell due to limited growth prospects in a high-rate environment. OPP offers a high 14% dividend yield and trades at an 8.85% discount to NAV, but payout sustainability remains questionable. The fund's aggressive leverage and reliance on positive market momentum amplify risk, especially as interest rates remain elevated.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--As announced in a press release dated October 7, 2025 (the “Prior Announcement”), 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 common stockholders of rights to purchase additional shares of common stock of the Fund. As supplementary notice, the offering's expiration date is November 18, 2025. Financial intermediaries may have cut-.

Some of our favorite bond funds (yielding 8%+) just took a header. And it's setting up the best buying opportunity we've seen in nearly three years for CEF investors.

We review the CEF market valuation and performance through the second week of October and highlight recent market action. Closed-end fund market saw most sectors decline, with MLPs underperforming and Muni funds outperforming, as Treasury yields trended lower. Rights offerings are seemingly everywhere, with recent announcements from JGH and OPP; these typically cause short-term price drops and temporarily overstate discounts.

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 fourth quarter of 2025, as detailed below. Ex Date Record Date Payable Date November 3, 2025 November 3, 2025 November 14, 2025 Fund Name Preferred Stock Series NYSE Distribution Per Share RiverNorth Opportunities Fund, Inc. 6.000% Series A Perpetual Preferred Stock RIVPRA $0.37500 River.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) announces that its Board of Directors (the “Board”) has authorized and set the terms of an offering to the Fund's common stockholders of rights to purchase additional shares of common stock of the Fund. In this offering, the Fund will issue transferable subscription rights (“Rights”) to its common stockholders of record as of October 24, 2025 (the “Record Date” and such stockh.

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 October, November and December 2025. The payments of the distributions are subject to Board approval. Ex Date Record Date Payable Date 10/15/2025 10/15/2025 10/31/2025 11/14/2025 11/14/2025 11/28/2025 12/15/2025 12/15/2025 12/31/2025 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset V.

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.