RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Reveals Initial Outcomes of Rights Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 19 2025
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Source: Newsfilter
Offering Results: RiverNorth/DoubleLine Strategic Opportunity Fund announced preliminary results of its rights offering, receiving requests for 1,180,525 shares, with expected gross proceeds of approximately $9.4 million.
Subscription Price: The final subscription price per share was set at $7.94, lower than the initial estimate of $8.12, with excess payments to be returned to rights holders.
Investment Objective: The Fund aims for current income and total return, managing approximately $211.9 million in total net assets as of October 31, 2025.
Investment Risks: The Fund is a closed-end fund, and investors are advised to consider the inherent risks and review the prospectus before investing.
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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