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Wells Fargo & Company reported its beneficial ownership of common stock of RiverNorth/DoubleLine Strategic Opp Fund (OPP) in an amended Schedule 13G. Wells Fargo and certain broker-dealer subsidiaries beneficially own 1,651,236 shares, representing 6.6% of this class.
The filing states Wells Fargo has sole dispositive power over all 1,651,236 shares but no sole or shared voting power. The securities are held through subsidiaries including Wells Fargo Advisors Financial Network, LLC and Wells Fargo Clearing Services, LLC, both registered broker-dealers.
Key Figures
Beneficially owned shares:1,651,236 sharesPercent of class:6.6%Sole voting power:0 shares+3 more
6 metrics
Beneficially owned shares1,651,236 sharesCommon Stock of RiverNorth/DoubleLine Strategic Opp Fund beneficially owned by Wells Fargo & Company
Percent of class6.6%Percentage of OPP common stock class beneficially owned by Wells Fargo & Company
Sole voting power0 sharesShares of OPP over which Wells Fargo has sole power to vote or direct the vote
Shared voting power0 sharesShares of OPP over which Wells Fargo has shared power to vote or direct the vote
Sole dispositive power1,651,236 sharesShares of OPP over which Wells Fargo has sole power to dispose or direct disposition
CUSIP76882G107CUSIP number for RiverNorth/DoubleLine Strategic Opp Fund common stock
Key Terms
beneficially owned, sole dispositive power, Schedule 13G, parent holding company, +1 more
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerfinancial
"(iii) Sole power to dispose or to direct the disposition of: 1,651,236"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13Gregulatory
"Ownership of more than 5 Percent on Behalf of Another Person. | If any other person is known ..."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
parent holding companyregulatory
"If a parent holding company has filed this schedule, pursuant to (ii)(G)"
broker or dealer registered under section 15 of the Actregulatory
"Wells Fargo Advisors Financial Network, LLC a Broker or dealer registered under section 15 of the Act"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many OPP shares does Wells Fargo & Company report owning in this Schedule 13G/A?
Wells Fargo & Company reports beneficial ownership of 1,651,236 OPP common shares. This represents a disclosed ownership position in RiverNorth/DoubleLine Strategic Opp Fund’s common stock as of the filing date.
What percentage of RiverNorth/DoubleLine Strategic Opp Fund (OPP) does Wells Fargo own?
Wells Fargo & Company reports owning 6.6% of the OPP common stock class. This percentage is based on the fund’s outstanding shares and reflects Wells Fargo’s aggregated beneficial holdings.
Does Wells Fargo have voting power over its OPP shares?
The filing states Wells Fargo has 0 shares with sole voting power and 0 shares with shared voting power. However, it holds sole dispositive power over 1,651,236 shares of OPP common stock.
Which Wells Fargo subsidiaries are associated with the OPP holdings (ticker: OPP)?
The Schedule 13G/A is filed by Wells Fargo & Company on its own behalf and for Wells Fargo Advisors Financial Network, LLC and Wells Fargo Clearing Services, LLC, both described as broker-dealers registered under section 15 of the Exchange Act.
Is Wells Fargo’s more-than-5% OPP ownership held on behalf of others?
For the 6.6% OPP stake, the filing states Item 6 is “Not applicable”. It does not identify any other person with a right to receive dividends or sale proceeds related to more than 5% of the class.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
RiverNorth/DoubleLine Strategic Opp Fund
(Name of Issuer)
Common Stock
(Title of Class of Securities)
76882G107
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
76882G107
1
Names of Reporting Persons
Wells Fargo & Company
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,651,236.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,651,236.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.6 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
RiverNorth/DoubleLine Strategic Opp Fund
(b)
Address of issuer's principal executive offices:
360 S. ROSEMARY AVE,SUITE 1420,WEST PALM BEACH ,FL,33401
Item 2.
(a)
Name of person filing:
Wells Fargo & Company
(b)
Address or principal business office or, if none, residence:
333 Market Street, San Francisco, CA 94105
(c)
Citizenship:
DE
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
76882G107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1,651,236
(b)
Percent of class:
6.6 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
1,651,236
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Not applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
This Schedule 13G is filed by Wells Fargo & Company on its own and on behalf of its subsidiary Wells Fargo Advisors Financial Network, LLC a Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c); Wells Fargo Clearing Services, LLC a Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c).
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Not applicable
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Not applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
