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RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Capital and Income Fund, Inc. Announce Preferred Dividends

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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.
RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. e RiverNorth Capital and Income Fund, Inc. hanno dichiarato dividendi preferenziali per il secondo trimestre del 2024. I dividendi per le diverse serie di azioni preferenziali includono RiverNorth Opportunities Fund, Inc. Azioni Preferenziali Perpetue Serie A al 6.000%, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Azioni Preferenziali Cumulative Serie A al 4.375%, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Azioni Preferenziali Cumulative Serie B al 4.750% e RiverNorth Capital and Income Fund, Inc. Azioni Preferenziali a Termine Serie A al 5.875%. RiverNorth Capital Management, specializzato in strategie di investimento opportunistico in mercati di nicchia, gestisce attivi per un valore di 5,0 miliardi di dollari.
RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. y RiverNorth Capital and Income Fund, Inc. han declarado dividendos preferentes para el segundo trimestre de 2024. Los dividendos para las distintas series de acciones preferentes incluyen el 6.000% de las Acciones Preferentes Perpetuas Serie A de RiverNorth Opportunities Fund, Inc., el 4.375% de las Acciones Preferentes Acumulativas Serie A de RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., el 4.750% de las Acciones Preferentes Acumulativas Serie B de la misma entidad y el 5.875% de las Acciones Preferentes a Término Serie A de RiverNorth Capital and Income Fund, Inc. RiverNorth Capital Management, con especialización en estrategias de inversión oportunistas en mercados de nicho, gestiona activos por un valor de 5.000 millones de dólares.
RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., 및 RiverNorth Capital and Income Fund, Inc.은 2024년 2분기 우선주 배당금을 선언했습니다. 우선주 시리즈별 배당금은 다음과 같습니다: RiverNorth Opportunities Fund, Inc. 6.000% 무기한 우선주 A시리즈, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.375% 누적 우선주 A시리즈, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.750% 누적 우선주 B시리즈, 그리고 RiverNorth Capital and Income Fund, Inc. 5.875% 한정 우선주 A시리즈. 또한 틈새 시장에서 기회주의적 투자 전략을 전문으로 하는 RiverNorth Capital Management는 총 50억 달러의 자산을 관리하고 있습니다.
RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. et RiverNorth Capital and Income Fund, Inc. ont déclaré des dividendes préférentiels pour le deuxième trimestre 2024. Les dividendes pour différentes séries d'actions préférentielles incluent RiverNorth Opportunities Fund, Inc. Actions Préférentielles Perpétuelles Série A à 6,000%, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Actions Préférentielles Cumulatives Série A à 4,375%, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Actions Préférentielles Cumulatives Série B à 4,750% et RiverNorth Capital and Income Fund, Inc. Actions Préférentielles à Terme Série A à 5,875%. RiverNorth Capital Management, spécialisé dans les stratégies d'investissement opportunistes sur des marchés de niche, gère un patrimoine de 5,0 milliards de dollars.
RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. und RiverNorth Capital and Income Fund, Inc. haben Vorzugsdividenden für das zweite Quartal 2024 bekannt gegeben. Die Dividenden für verschiedene Vorzugsaktienserien umfassen RiverNorth Opportunities Fund, Inc. 6,000% Serie A Perpetual Preferred Stock, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4,375% Serie A Cumulative Preferred Stock, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4,750% Serie B Cumulative Preferred Stock und RiverNorth Capital and Income Fund, Inc. 5,875% Serie A Term Preferred Stock. RiverNorth Capital Management, das sich auf opportunistische Anlagestrategien in Nischenmärkten spezialisiert hat, verwaltet Vermögenswerte im Wert von 5,0 Milliarden Dollar.
Positive
  • Declaration of preferred dividends for the second quarter of 2024.
  • Preferred dividends for different preferred stock series announced.
  • RiverNorth Capital Management, specializes in opportunistic investment strategies in niche markets.
  • Total assets under management of $5.0 billion as of March 31, 2024.
Negative
  • None.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Capital and Income Fund, Inc. are each pleased to announce the declaration of preferred dividends for the second quarter of 2024, as detailed below.

Ex Date

Record Date

Payable Date

May 1, 2024

May 2, 2024

May 15, 2024

Fund Name

Preferred Stock Series

NYSE

Distribution
Per Share

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

RiverNorth Capital and Income Fund, Inc.

5.875% Series A Term Preferred Stock

RMPL

$0.36719

RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With $5.0 billion1 in assets under management as of March 31, 2024, RiverNorth specializes in opportunistic investment strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is an institutional investment manager to registered funds, private funds and separately managed accounts.

The distributions were calculated based on the preferred shares Liquidation Preference of $25.00 per share and most current quarterly distribution rate per share of $0.37500 for the RiverNorth Opportunities Fund, Inc.’s 6.00% Series A Perpetual Preferred Stock, $0.27344 for the RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.’s 4.375% Series A Cumulative Preferred Stock, $0.29688 for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.’s 4.75% Series B Cumulative Preferred Stock, and $0.36719 for the RiverNorth Capital and Income Fund, Inc.’s 5.875% Series A Term Preferred Stock, respectively. Distributions may be paid from sources of income other than ordinary income, such as net realized short-term capital gains, net realized long-term capital gains and return of capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. If a distribution includes anything other than net investment income, the Fund provides a Section 19(a) notice of the best estimate of its distribution sources at that time. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year.

This data is for information only and should not be construed as an official tax form, nor should it be considered tax or investment advice. RiverNorth is not a tax advisor and investors should consult a tax professional for guidance regarding their specific tax situation. Please consult your legal or tax advisor.

Investors should consider the Fund's investment objective, risks, charges, and expenses carefully before investing. The prospectus should be read carefully before investing. For more information, please read the prospectus, call your financial professional or call 844.569.4750.

Investing in the Fund involves certain risks, including loss of principal, that are described in the "Risks" section of each Prospectus.

Marketing services provided by ALPS Distributors Inc. ALPS and RiverNorth are not affiliated.

1 Firm AUM reflects Managed Assets which includes the effects of leverage and investments in affiliated funds.

RiverNorth® is a registered trademark of RiverNorth Capital Management, LLC. DoubleLine® is a registered trademark of DoubleLine Capital LP.

©2000-2024 RiverNorth Capital Management, LLC. All rights reserved.

OPP000127

RiverNorth CEF Investor Relations

800-646-0148, Option 1

CEF@rivernorth.com

Source: RiverNorth Capital Management, LLC

FAQ

What dividends were declared for the second quarter of 2024 by RiverNorth Opportunities Fund, Inc.?

RiverNorth Opportunities Fund, Inc. declared $0.37500 for 6.000% Series A Perpetual Preferred Stock.

Which fund announced a dividend of $0.27344 for the second quarter of 2024?

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. announced a dividend of $0.27344 for 4.375% Series A Cumulative Preferred Stock.

What is the distribution per share for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.750% Series B Cumulative Preferred Stock?

The distribution per share is $0.29688 for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.750% Series B Cumulative Preferred Stock.

Who is the investment management firm behind the announcement of preferred dividends?

RiverNorth Capital Management, is the investment management firm behind the announcement.

What is the total assets under management of RiverNorth Capital Management, ?

As of March 31, 2024, RiverNorth Capital Management, manages $5.0 billion in assets.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

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