OPP: This 13%+ Yielding CEF May Not Be As Good As It Appears

The RiverNorth/DoubleLine Strategic Opportunity Fund offers a 13.82% yield but struggles to sustain its distribution, risking further cuts. OPP's heavy bond allocation exposes investors to inflation risk and declining purchasing power, undermining its appeal as a long-term income vehicle. Despite recent distribution cuts, OPP's net asset value continues to decline, signaling ongoing overdistribution and likely future reductions.

Seeking Alpha • Feb 6, 2026

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

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. are each pleased to announce the declaration of preferred dividends for the first quarter of 2026, as detailed below. Ex Date Record Date Payable Date February 2, 2026 February 2, 2026 February 13, 2026 Fund Name Preferred Stock Series NYSE Distribution Per Share RiverNorth Opportunities Fund, Inc. 6.000% Series A Perpetual Preferred Stock RIVPRA $0.37500 RiverN.

Business Wire • Jan 16, 2026

RiverNorth Closed-End Funds Declare Monthly Distributions

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the reset distribution rates have been proposed for the calendar year 2026, as detailed below. Further, the Funds have established the distribution dates for January, February, and March 2026. The payment of the distributions are subject to Board approval. Ex Date Record Date Payable Date 1/15/2026 1/15/2026 1/30/2026 2/13/2026 2/13/2026 2/27/2026 3/16/2026 3/16/.

Business Wire • Jan 2, 2026

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Rights Offering

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) today announced the final results of its transferable rights offering (the “Offering”). The Fund will issue 1,180,525 new shares of common stock as a result of the Offering which closed on November 18, 2025 (the “Expiration Date”). The subscription price of $7.94 per share in the Offering was established on the Expiration Date based on a formula equal to 90% of the reported ne.

Business Wire • Nov 20, 2025

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Preliminary Results of Rights Offering

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) today announced the preliminary results of its transferable rights offering (the “Offering”) that expired on November 18, 2025 (the “Expiration Date”). In the Offering, the Fund received subscription requests for 1,180,525 shares of common stock from rights holders. Accordingly, the Fund expects to issue 1,180,525 new shares of common stock for these subscriptions, pending the.

Business Wire • Nov 19, 2025

OPP: The Fund Is Paying Out More Than It Earns (Rating Downgrade)

RiverNorth/DoubleLine Strategic Opportunity Fund is downgraded to a sell due to limited growth prospects in a high-rate environment. OPP offers a high 14% dividend yield and trades at an 8.85% discount to NAV, but payout sustainability remains questionable. The fund's aggressive leverage and reliance on positive market momentum amplify risk, especially as interest rates remain elevated.

Seeking Alpha • Nov 13, 2025

Update: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Transferable Rights Offering

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--As announced in a press release dated October 7, 2025 (the “Prior Announcement”), the Board of Directors of the RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) has authorized and set the terms of an offering to the Fund's common stockholders of rights to purchase additional shares of common stock of the Fund. As supplementary notice, the offering's expiration date is November 18, 2025. Financial intermediaries may have cut-.

Business Wire • Nov 10, 2025

Why We're Buying The Dip On These 8% CEFs

Some of our favorite bond funds (yielding 8%+) just took a header. And it's setting up the best buying opportunity we've seen in nearly three years for CEF investors.

Forbes • Nov 5, 2025

CEF Weekly Review: Rights Offerings Are Everywhere

We review the CEF market valuation and performance through the second week of October and highlight recent market action. Closed-end fund market saw most sectors decline, with MLPs underperforming and Muni funds outperforming, as Treasury yields trended lower. Rights offerings are seemingly everywhere, with recent announcements from JGH and OPP; these typically cause short-term price drops and temporarily overstate discounts.

Seeking Alpha • Oct 19, 2025

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Transferable Rights Offering

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) announces that its Board of Directors (the “Board”) has authorized and set the terms of an offering to the Fund's common stockholders of rights to purchase additional shares of common stock of the Fund. In this offering, the Fund will issue transferable subscription rights (“Rights”) to its common stockholders of record as of October 24, 2025 (the “Record Date” and such stockh.

Business Wire • Oct 7, 2025