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RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. - OPP STOCK NEWS

Welcome to our dedicated page for RiverNorth/DoubleLine Strategic Opportunity Fund news (Ticker: OPP), a resource for investors and traders seeking the latest updates and insights on RiverNorth/DoubleLine Strategic Opportunity Fund stock.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (symbol: OPP) is a closed-end management investment company committed to offering investors a unique opportunity to maximize their returns. Managed by RiverNorth Capital Management, LLC, a firm renowned for its expertise in opportunistic strategies within niche markets, OPP seeks to capitalize on market inefficiencies to generate current income and a robust overall total return.

Founded in 2000, RiverNorth specializes in investment strategies that exploit market inefficiencies, providing both registered and private funds. This investment firm has consistently demonstrated an ability to identify and leverage niche opportunities, maximizing returns for its investors. The strategic collaboration between RiverNorth and DoubleLine amplifies the fund's capacity to deliver significant value.

The RiverNorth/DoubleLine Strategic Opportunity Fund commonly focuses on a diverse range of assets, including equity securities, fixed-income securities, and more. By maintaining a flexible investment approach, the fund can adapt to various market conditions, thereby enhancing its resilience and potential for returns.

Recent achievements of the fund include consistent income generation for investors and a well-managed portfolio that adapts to the shifting economic landscape. The fund's investment strategy is adaptive and robust, ensuring that it remains relevant regardless of market changes. Furthermore, the partnership between RiverNorth and DoubleLine combines the strengths of both firms, ensuring expert management and innovative investment strategies.

With a focus on providing substantial returns and steady income, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. remains a significant option for investors seeking a reliable closed-end management investment opportunity. Its ongoing projects and strategic partnerships continue to position it as a formidable player in the investment management arena.

Rhea-AI Summary

RiverNorth Opportunities Fund, RiverNorth/DoubleLine Strategic Opportunity Fund, and RiverNorth Capital and Income Fund have declared preferred dividends for Q3 2024. The ex-date, record date, and payable date are set for August 1, August 1, and August 15, 2024, respectively. Dividend rates range from 4.375% to 6.000% depending on the fund and series. RiverNorth Capital Management, with $5.0 billion in assets under management as of June 30, 2024, specializes in opportunistic investment strategies in niche markets. The distributions are based on a $25.00 per share liquidation preference. Investors are advised to consult the prospectus and tax professionals for guidance.

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RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., and RiverNorth Capital and Income Fund, Inc. have declared preferred dividends for the second quarter of 2024. The dividends for different preferred stock series include RiverNorth Opportunities Fund, Inc. 6.000% Series A Perpetual Preferred Stock, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.375% Series A Cumulative Preferred Stock, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.750% Series B Cumulative Preferred Stock, and RiverNorth Capital and Income Fund, Inc. 5.875% Series A Term Preferred Stock. RiverNorth Capital Management, , managing $5.0 billion in assets, specializes in opportunistic investment strategies in niche markets.
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Rhea-AI Summary
RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., and RiverNorth Capital and Income Fund, Inc. have declared preferred dividends for the first quarter of 2024. The dividends are payable on February 15, 2024. RiverNorth Capital Management, LLC, with $4.9 billion in assets under management, specializes in opportunistic investment strategies in niche markets. The distributions were calculated based on the preferred shares Liquidation Preference and most current quarterly distribution rate per share. Investors should consider the Fund's investment objective, risks, charges, and expenses carefully before investing.
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RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., and RiverNorth Capital and Income Fund, Inc. have declared preferred dividends for the third quarter of 2023. The dividends are payable on August 15, 2023, and the distribution per share for each fund's preferred stock series is as follows: RiverNorth Opportunities Fund, Inc. 6.000% Series A Perpetual Preferred Stock RIVPRA $0.37500, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.375% Series A Cumulative Preferred Stock OPPPRA $0.27344, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.750% Series B Cumulative Preferred Stock OPPPRB $0.29688, and RiverNorth Capital and Income Fund, Inc. 5.875% Series A Term Preferred Stock RMPL $0.36719. RiverNorth Capital Management, LLC, with $5.1 billion in assets under management as of June 30, 2023, specializes in opportunistic investment strategies in niche markets.
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FAQ

What is RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.?

It is a closed-end management investment company that aims to provide current income and overall total return.

Who manages RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.?

The fund is managed by RiverNorth Capital Management, LLC.

What is the primary investment strategy of the fund?

The fund focuses on investing in a variety of assets, including equity and fixed-income securities, to exploit market inefficiencies.

When was RiverNorth founded?

RiverNorth was founded in 2000.

What are the main objectives of OPP?

The main objectives are to seek current income and achieve an overall total return.

How does RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. adapt to market changes?

The fund maintains a flexible investment approach, allowing it to adapt to various market conditions.

What recent achievements has the fund made?

The fund has consistently generated income for investors and maintained a well-managed, resilient portfolio.

What kind of assets does the fund invest in?

The fund invests in a diverse range of assets, including equity securities and fixed-income securities.

Why is the partnership between RiverNorth and DoubleLine significant?

The partnership combines the strengths of both firms, enhancing expert management and innovative investment strategies.

Who can invest in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.?

Various investors looking for a reliable closed-end management investment opportunity can invest in the fund.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

NYSE:OPP

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200.08M
22.97M
28.33%
0.08%
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