RiverNorth/DoubleLine Strategic Opp Fund Stock Price, News & Analysis

RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE: OPP) announced preliminary results of its transferable rights offering that expired on November 18, 2025. Rights holders subscribed for 1,180,525 new shares; the Fund expects to issue those shares pending payment verification on or about November 24, 2025. Gross proceeds are expected to be approximately $9.4 million before expenses.

The final subscription price was $7.94, set at 90% of the Fund's NAV per share of $8.82. Final results will be announced on or about November 20, 2025. Shares issued will be record date shares for the Fund's December 2025 distribution. As of October 31, 2025, the Fund had approximately $211.9 million total net assets and 23.8 million shares outstanding.

RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE: OPP) announced a transferable rights offering for Record Date stockholders of October 24, 2025, allowing holders to subscribe for new common shares through November 18, 2025 (expiration date).

Key terms: 1 Right per share, 3 Rights per new share, Rights trade on NYSE (OPP RTWI when issued; OPP RT regular way). Estimated subscription price was $8.04 based on NAV $8.93 (if expiration were Nov 7, 2025). Final subscription price will be the higher of 90% of NAV or 95% of 5-day average market price on the Expiration Date. Fund size: $212.3M net assets, 23.8M shares outstanding (9/30/25).

RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE: OPP) announced a transferable rights offering to record holders as of October 24, 2025. Each share of common stock will receive one Right; three Rights can be exercised to buy one new share in the Primary Subscription.

The subscription price will equal the higher of 90% of reported NAV or 95% of market price on the Expiration Date. Rights trade WI under OPP RTWI starting October 23, 2025, and regular-way under OPP RT starting October 30, 2025. The offering expires on November 18, 2025 unless extended. As of September 30, 2025 the Fund had $212.3M net assets and 23.8M shares outstanding.

RiverNorth Opportunities Fund and RiverNorth/DoubleLine Strategic Opportunity Fund have declared preferred dividends for Q2 2025. The dividends will be paid on May 15, 2025, with ex-date and record date set for May 1, 2025.

The distribution amounts per share are:

• RIVPRA (6.000% Series A Perpetual): $0.37500
• OPPPRA (4.375% Series A Cumulative): $0.27344
• OPPPRB (4.750% Series B Cumulative): $0.29688
• OPPPRC (6.000% Series C Term): $0.15000

RiverNorth Opportunities Fund and RiverNorth/DoubleLine Strategic Opportunity Fund have announced their preferred dividend distributions for the first quarter of 2025. The dividends will be paid on February 14, 2025, with an ex-date and record date of February 3, 2025.

The distributions include: $0.37500 per share for RiverNorth Opportunities Fund's 6.000% Series A Perpetual Preferred Stock (RIVPRA), $0.27344 per share for RiverNorth/DoubleLine's 4.375% Series A Cumulative Preferred Stock (OPPPRA), $0.29688 per share for the 4.750% Series B Cumulative Preferred Stock (OPPPRB), and $0.12500 per share for the 6.000% Series C Term Preferred Stock (OPPPRC). The Series C distribution represents a partial payment covering the period from December 2, 2024, through February 14, 2025.

RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE: OPP) has completed its non-transferable rights offering, resulting in the issuance of 838,412 new common shares at $8.42 per share and 419,206 new Series C Preferred Stock shares at $10 per share. The offering generated gross proceeds of approximately $11.2 million. The new shares are expected to be issued around December 2, 2024. The Series C Preferred Stock, offering a 6.00% yield with a 3-year term, is pending NYSE American listing under symbol 'OPPPRC'. As of September 30, 2024, the Fund had approximately $341 million in total managed assets.

RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE: OPP) announced preliminary results of its non-transferable rights offering. The Fund received subscription requests for 838,486 shares of common stock and 419,243 shares of Series C Preferred Stock. The offering is expected to generate gross proceeds of approximately $11.2 million. The final subscription price was set at $8.42 per common share (90% of NAV) and $10 per Series C Preferred Stock share. New shares are expected to be issued around December 2, 2024, with Series C Preferred Stock trading under symbol OPPPRC starting December 3, 2024.

RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE: OPP) has announced a non-transferable rights offering expiring on November 25, 2024. Record Date Stockholders (as of November 5, 2024) will receive one right for each common share held. For every six rights, holders can purchase two new common shares and one new Series C Preferred Stock share. The common stock subscription price will be 90% of NAV or 95% of market price (whichever is higher), while preferred shares are priced at $10. Stockholders who fully exercise their rights can subscribe for additional shares subject to limitations. The Fund may increase available shares by up to 50% of primary subscription.