Welcome to our dedicated page for RiverNorth/DoubleLine Strategic Opp Fund news (Ticker: OPP), a resource for investors and traders seeking the latest updates and insights on RiverNorth/DoubleLine Strategic Opp Fund stock.
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE: OPP) generates a steady stream of formal announcements that are relevant to income-focused and closed-end fund investors. As a closed-end management investment company with an objective of seeking current income and overall total return, OPP’s news often centers on its capital structure, preferred share distributions, and stockholder actions.
A significant portion of OPP-related news consists of preferred dividend declarations for its listed preferred stock series, including 4.375% Series A Cumulative Preferred Stock (OPPPRA), 4.750% Series B Cumulative Preferred Stock (OPPPRB), and 6.000% Series C Term Preferred Stock (OPPPRC). These releases detail ex-dates, record dates, payable dates, and distribution amounts per share, as well as explanations of how distributions may be sourced from income, capital gains, or return of capital.
Another recurring news theme involves rights offerings and capital-raising activity. In a described transferable rights offering, OPP reported preliminary subscription results, the number of new common shares expected to be issued, and the formula used to determine the final subscription price based on a percentage of net asset value per share. Such announcements provide insight into how the fund raises additional capital and how new shares are priced relative to net asset value.
OPP also appears in joint communications with other RiverNorth funds regarding preferred dividends and governance matters. These releases often include background on RiverNorth Capital Management, LLC as an independent investment manager specializing in opportunistic strategies in closed-end funds. For investors tracking OPP, this news page offers access to official updates on distributions, rights offerings, and other fund-level developments that can influence the fund’s income profile and share structure.
By reviewing OPP news in one place, investors can follow patterns in preferred dividend declarations, monitor capital-raising events, and see how the fund communicates risk disclosures and tax-related information around its distributions.
RiverNorth Opportunities Fund (NYSE:OPP) and RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE:OPP) declared preferred dividends for Q1 2026. Ex/Record date: February 2, 2026. Payable date: February 13, 2026.
Declared distributions per share by series: RiverNorth Opportunities Fund — 6.000% Series A (RIVPRA): $0.37500; RiverNorth/DoubleLine Strategic Opportunity Fund — 4.375% Series A (OPPPRA): $0.27344, 4.750% Series B (OPPPRB): $0.29688, and 6.000% Series C Term (OPPPRC): $0.15000.
RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE: OPP) announced final results of its transferable rights offering that closed on November 18, 2025. The Fund will issue 1,180,525 new shares at a subscription price of $7.94 per share, a price set equal to 90% of reported net asset value. Gross proceeds before expenses are expected to total approximately $9.4 million. The Fund reported $211.9 million of total net assets and 23.8 million shares outstanding as of October 31, 2025. The Fund is a closed-end fund and its shares trade on the secondary market.
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.
Summary not available.
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.
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