RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Reveals Conclusive Outcomes of Rights Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 20 2025
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Source: Newsfilter
Offering Results: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. announced the completion of its transferable rights offering, resulting in the issuance of 1,180,525 new shares at a subscription price of $7.94 per share, generating approximately $9.4 million in gross proceeds.
Fund Overview: As of October 31, 2025, the Fund had total net assets of approximately $211.9 million and 23.8 million shares outstanding, focusing on current income and overall total return.
Investment Risks: The Fund is a closed-end fund, meaning it does not continuously issue stock, and investors should be aware of the inherent risks involved in investing, including the potential for loss of investment.
Management and Contact Information: RiverNorth Capital Management, LLC, an independent investment manager, oversees the Fund and manages $5.1 billion in assets. Investors can contact RiverNorth for more information or to obtain the prospectus.
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Analyst Views on OPP
Wall Street analysts forecast OPP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OPP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 7.850
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
RiverNorth Declares Preferred Dividends for Q1 2026
- Preferred Dividend Announcement: RiverNorth Opportunities Fund, Inc. declares a dividend of $0.37500 per share for its 6.000% Series A Perpetual Preferred Stock, reflecting the company's stable income distribution capability and boosting investor confidence.
- Diverse Preferred Stock Series: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. announces dividends of $0.27344 for its 4.375% Series A and $0.29688 for its 4.750% Series B Preferred Stocks, showcasing the company's flexibility and market adaptability across different preferred stock structures.
- Dividend Payment Dates: All preferred dividends are set to be paid on February 13, 2026, with a record date of February 2, 2026, ensuring timely returns for investors and further solidifying the company's market reputation.
- Asset Management Scale: As of November 30, 2025, RiverNorth manages $5.1 billion in assets, demonstrating its significant influence and investment management capabilities in the market, attracting more investor interest.
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RiverNorth Declares Preferred Dividends for Q1 2026
- Preferred Dividend Announcement: RiverNorth Opportunities Fund, Inc. declares a dividend of $0.37500 per share for its 6.000% Series A Perpetual Preferred Stock, indicating stable cash flow and commitment to shareholders.
- Diverse Preferred Stock Series: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. announces dividends of $0.27344 for its 4.375% Series A, $0.29688 for its 4.750% Series B, and $0.15000 for its 6.000% Series C, reflecting the company's adaptability under varying market conditions.
- Dividend Payment Date: All preferred dividends are set to be paid on February 13, 2026, ensuring timely returns for investors and bolstering confidence in the company.
- Asset Management Scale: As of November 30, 2025, RiverNorth manages $5.1 billion in assets, showcasing its strong market position and potential for continued growth.
Continue Reading