RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Corporation Announce Preferred Dividends
20 Julho 2022 - 5:30PM
Business Wire
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and
RiverNorth Specialty Finance Corporation are each pleased to
announce the declaration of preferred dividends for the third
quarter of 2022, as detailed below.
Ex Date
Record Date
Payable Date
August 1, 2022
August 2, 2022
August 15, 2022
Fund Name
Preferred Stock Series
NYSE
Distribution Per Share
RiverNorth/DoubleLine Strategic
Opportunity Fund, Inc.
4.375% Series A Cumulative Preferred
Stock
OPPPRA
$0.27344
RiverNorth/DoubleLine Strategic
Opportunity Fund, Inc.
4.75% Series B Cumulative Preferred
Stock
OPPPRB
$0.29688
RiverNorth Specialty Finance
Corporation
5.875% Series A Term Preferred Stock
RMPL
$0.36719
About RiverNorth
RiverNorth Capital Management, LLC is an investment management
firm founded in 2000. With $5.7 billion1 in assets under management
as of May 31, 2022, RiverNorth specializes in opportunistic
investment strategies in niche markets where the potential to
exploit inefficiencies is greatest. RiverNorth is an institutional
investment manager to registered funds, private funds and
separately managed accounts.
The distributions were calculated based on the preferred shares
Liquidation Preference of $25.00 per share and most current
quarterly distribution rate per share of $0.27344 for
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.’s 4.375%
Series A Cumulative Preferred Stock, $0.29688 for
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.’s 4.75%
Series B Cumulative Preferred Stock, and $0.36719 for RiverNorth
Specialty Finance Corporation’s 5.875% Series A Term Preferred
Stock, respectively. Distributions may be paid from sources of
income other than ordinary income, such as net realized short-term
capital gains, net realized long-term capital gains and return of
capital. The actual amounts and sources of the amounts for tax
reporting purposes will depend upon each Fund’s investment
experience during the remainder of its fiscal year and may be
subject to changes based on tax regulations. If a distribution
includes anything other than net investment income, the Fund
provides a Section 19(a) notice of the best estimate of its
distribution sources at that time. These estimates may not match
the final tax characterization (for the full year’s distributions)
contained in shareholders’ 1099-DIV forms after the end of the
year.
This data is for information only and should not be construed as
an official tax form, nor should it be considered tax or investment
advice. RiverNorth is not a tax advisor and investors should
consult a tax professional for guidance regarding their specific
tax situation. Please consult your legal or tax advisor.
Investors should consider the Fund's investment objective,
risks, charges and expenses carefully before investing. The
prospectus should be read carefully before investing. For more
information, please read the prospectus, call your financial
professional or call 844.569.4750.
Investing in the Fund involves certain risks, including loss
of principal, that are described in the "Risks" section of each
Prospectus.
Marketing services provided by ALPS Distributors Inc. ALPS and
RiverNorth are not affiliated.
1 Firm AUM reflects Managed Assets which includes the effects of
leverage and investments in affiliated funds.
RiverNorth® is a registered trademark of RiverNorth Capital
Management, LLC. DoubleLine® is a registered trademark of
DoubleLine Capital LP.
©2000-2022 RiverNorth Capital Management, LLC. All rights
reserved.
OPP000117
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version on businesswire.com: https://www.businesswire.com/news/home/20220720005759/en/
Investor Contact Chris Lakumb, CFA, CAIA 312.445.2336
clakumb@rivernorth.com
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