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

OPP NYSE

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 (OPP) provides investors with specialized strategies targeting niche market opportunities through its closed-end structure. This news hub delivers essential updates about the fund's activities and market positioning.

Access authoritative coverage of OPP's quarterly earnings, strategic portfolio adjustments, and management commentary. Our curated collection includes press releases about asset allocation shifts, income distribution updates, and regulatory filings - all critical for evaluating this opportunistic income fund.

Regular updates cover three key areas: performance milestones reflecting total return objectives, market positioning in less efficient sectors, and management insights about risk-adjusted strategies. Bookmark this page for timely notifications about material events affecting OPP's closed-end investment approach.

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Rhea-AI Summary

RiverNorth Opportunities Fund, Inc. and associated funds announced preferred dividends for Q2 2023. Key dates include the Ex Date on May 1, Record Date on May 2, and Payable Date on May 15. The preferred dividends are as follows: RiverNorth Opportunities Fund, Inc. - $0.37500 for Series A Perpetual Preferred Stock (RIVPRA), RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. - $0.27344 for Series A Cumulative Preferred Stock (OPPPRA) and $0.29688 for Series B Cumulative Preferred Stock (OPPPRB), and RiverNorth Capital and Income Fund, Inc. - $0.36719 for Series A Term Preferred Stock (RMPL). These distributions are based on a Liquidation Preference of $25.00 per share and may originate from various income sources, emphasizing the investment firm’s strategies in niche markets.

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Rhea-AI Summary

RiverNorth Opportunities Fund, Inc. and its associated funds have announced preferred dividends for the first quarter of 2023. The dividends include:

  • RIVPRA: $0.37500 (6.000% Series A Perpetual Preferred Stock)
  • OPPPRA: $0.27344 (4.375% Series A Cumulative Preferred Stock)
  • OPPPRB: $0.29688 (4.750% Series B Cumulative Preferred Stock)
  • RMPL: $0.36719 (5.875% Series A Term Preferred Stock)

The ex-date for these dividends is February 1, 2023, with a payable date of February 15, 2023. The distributions may come from various income sources, not limited to ordinary income.

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Rhea-AI Summary

The RiverNorth Closed-End Funds have appointed Lisa Mougin as an independent director and Jerry Raio as a trustee, effective immediately. Mougin, previously President and COO of TIFIN, brings extensive experience from ALPS Fund Services. Raio has over 15 years in equity capital markets, serving as President and CEO of Arbor Lane Advisors. Additionally, John S. Oakes has retired after 12 years of service. RiverNorth, founded in 2000, manages $4.9 billion in assets and specializes in opportunistic investment strategies.

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RiverNorth Opportunities Fund, Inc. (NYSE:OPP), RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., and RiverNorth Specialty Finance Corporation have declared preferred dividends for Q4 2022. Key details include:

  • Ex Date: November 1, 2022
  • Record Date: November 2, 2022
  • Payable Date: November 15, 2022

The dividends announced are $0.37500 for RIVPRA, $0.27344 for OPPPRA, $0.29688 for OPPPRB, and $0.36719 for RMPL, reflecting ongoing financial health and income generation for shareholders.

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RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE:OPP) announced the final results of its transferable rights offering, which closed on September 23, 2022. A total of 3,508,633 new shares will be issued at a subscription price of $9.70 per share, yielding approximately $34.0 million in gross proceeds before expenses. As of August 31, 2022, the Fund managed about $346 million in total assets with 19.5 million shares outstanding. The Fund’s investment focus is on current income and total return.

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Rhea-AI Summary

The RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE: OPP) announced the preliminary results of its rights offering, which expired on September 23, 2022. The Fund received subscription requests for 3,508,633 shares, which will generate approximately $34.0 million in gross proceeds. The final subscription price was set at $9.70 per share, based on 92.5% of the net asset value (NAV) of $10.49. Investors will not receive record date shares for monthly distributions in August or September 2022. Final results will be announced on September 27, 2022.

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Rhea-AI Summary

RiverNorth/DoubleLine Strategic Opportunity Fund has declared preferred dividends for Q3 2022. Key dates are: Ex-Dividend: August 1, 2022, Record: August 2, 2022, Payable: August 15, 2022. The distributions are $0.27344 for 4.375% Series A and $0.29688 for 4.75% Series B Cumulative Preferred Stock. RiverNorth Specialty Finance Corporation's 5.875% Series A Term Preferred Stock will have a distribution of $0.36719. The fund manages $5.7 billion in assets and focuses on opportunistic investment strategies.

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FAQ

What is the current stock price of RiverNorth/DoubleLine Strategic Opp Fund (OPP)?

The current stock price of RiverNorth/DoubleLine Strategic Opp Fund (OPP) is $8.41 as of May 8, 2025.

What is the market cap of RiverNorth/DoubleLine Strategic Opp Fund (OPP)?

The market cap of RiverNorth/DoubleLine Strategic Opp Fund (OPP) is approximately 199.0M.
RiverNorth/DoubleLine Strategic Opp Fund

NYSE:OPP

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OPP Stock Data

199.05M
23.81M
28.33%
0.08%
Asset Management
Financial Services
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United States
Chicago