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

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE: OPP) is a closed-end management investment company in the finance and insurance sector. According to the fund’s stated objective, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. seeks current income and overall total return for its stockholders. The fund trades on the New York Stock Exchange under the ticker symbol OPP and is categorized within securities and commodity exchanges.

The fund is structured as a closed-end fund, which means it does not continuously issue shares for sale in the way an open-end mutual fund does. Instead, after its shares are issued, OPP’s common stock trades in the secondary market. Investors who wish to buy or sell shares of OPP do so by placing orders through an intermediary or broker, and the share price is determined by market value. The fund’s materials emphasize that risk is inherent in all investing and that investing in any investment company security involves the possibility of receiving little or no return, or losing part or all of the invested capital.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has an investment objective focused on generating income while also pursuing total return. As disclosed in a rights offering announcement, the fund describes its objective as seeking current income and overall total return. The same announcement notes that the fund is a closed-end fund and highlights that investors should carefully consider the investment objective, risks, fees and expenses described in the prospectus before investing.

Capital structure and preferred shares

In addition to its common stock, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has issued multiple series of preferred stock that trade on the NYSE. Public announcements describe the following preferred stock series:

• 4.375% Series A Cumulative Preferred Stock (NYSE: OPPPRA)
• 4.750% Series B Cumulative Preferred Stock (NYSE: OPPPRB)
• 6.000% Series C Term Preferred Stock (NYSE: OPPPRC)

These preferred shares have stated liquidation preferences per share and pay quarterly distributions. The fund’s dividend announcements explain that distributions on the preferred shares may be paid from sources other than ordinary income, such as net realized short-term capital gains, net realized long-term capital gains, and return of capital. The actual tax characterization of distributions is determined after the end of the fiscal year and may differ from initial estimates provided in Section 19(a) notices.

Rights offerings and capital raising

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has used transferable rights offerings as a way to raise additional capital. In a preliminary results announcement for a rights offering that expired on November 18, 2025, the fund reported subscription requests for new shares of common stock from rights holders and described how the final subscription price per share was determined. The subscription price was based on a formula equal to a percentage of the fund’s reported net asset value per share on the expiration date. The fund indicated that any excess payments over the final subscription price would be returned to subscribing rights holders in accordance with the prospectus supplement and accompanying prospectus.

In that same announcement, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. reiterated that it is a closed-end fund, that it trades in the secondary market, and that the share price is based on market value. The fund also reminded investors that past performance is no guarantee of future results and that they should review the prospectus supplement and prospectus, including information on risks, fees and expenses, before investing.

Management and advisory context

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is part of a family of funds associated with RiverNorth Capital Management, LLC. Public disclosures describe RiverNorth Capital Management, LLC as an independent investment manager and closed-end fund expert that specializes in opportunistic strategies and structures built to exploit market inefficiencies. RiverNorth was founded in 2000 and manages assets in registered funds, private funds and separately managed accounts. The fund’s materials also note that DoubleLine is a registered trademark of DoubleLine Capital LP, reflecting the DoubleLine name in the fund’s title.

Marketing services for the fund are provided by ALPS Distributors Inc., and disclosures state that ALPS and RiverNorth are not affiliated. The fund’s communications emphasize that investors should consult the prospectus and their financial or tax professionals for guidance, and that RiverNorth is not a tax advisor.

Governance and stockholder meetings

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is organized as a Maryland corporation and participates in joint annual meetings of stockholders alongside several related funds. A definitive proxy statement (Schedule 14A) describes a combined annual meeting of stockholders for multiple RiverNorth funds, including OPP. At such meetings, stockholders are asked to elect directors to the board of each fund and to transact other business that may properly come before the meeting.

The proxy materials explain that each fund’s board is divided into three classes, each serving a term of three years, with one class up for election each year. For OPP, certain Class II directors are elected by all stockholders (common and preferred voting together), while a Class III director is elected by holders of preferred shares only. The proxy statement also outlines that directors are elected by a plurality of votes cast at the meeting, provided a quorum is present.

Risk disclosures and investor considerations

Across its public communications, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. underscores that investing in the fund involves risks, including loss of principal. The fund advises prospective and current investors to review the “Risks” section of the prospectus, and notes that distributions may be sourced from income, capital gains, or return of capital. It also clarifies that information in dividend and distribution announcements is for informational purposes only and should not be construed as tax or investment advice. Investors are encouraged to consult legal or tax advisors regarding their specific situations.

Because OPP trades on the NYSE, investors can monitor its market price, which may differ from the fund’s net asset value per share. The fund’s disclosures highlight that investors should consider the investment objective, risks, charges and expenses carefully before investing, and that past performance does not guarantee future results.

Key characteristics of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

• Closed-end management investment company
• Investment objective: current income and overall total return
• Common stock listed on the New York Stock Exchange under ticker OPP
• Multiple series of preferred stock listed on the NYSE (OPPPRA, OPPPRB, OPPPRC)
• Part of a broader family of RiverNorth-managed funds
• Subject to stockholder governance through annual meetings and director elections
• Emphasis on careful review of prospectus, risks, and tax considerations

According to available information, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. positions itself as a closed-end fund seeking income and total return, operating within a structure that includes both common and preferred shares and that relies on formal governance processes and detailed risk disclosures.