RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Rights Offering
27 Setembro 2022 - 7:30PM
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
a total of 3,508,633 new shares of common stock as a result of the
Offering, which closed on September 23, 2022 (the “Expiration
Date”).
The subscription price of $9.70 per share in the Offering was
established on the Expiration Date based on a formula equal to
92.5% of the reported net asset value. Gross proceeds received by
the Fund, before any expenses of the Offering, are expected to
total approximately $34.0 million.
This press release shall not constitute an offer to sell or
constitute a solicitation of an offer to buy.
RiverNorth/DoubleLine Strategic Opportunity Fund,
Inc.
The investment objective of the Fund is current income and
overall total return. The Fund had approximately $346 million of
total managed assets1 and 19.5 million shares of common stock
outstanding as of August 31, 2022.
The Fund is a closed-end fund and does not continuously issue
stock for sale as open-end mutual funds do. The Fund now trades in
the secondary market. Investors wishing to buy or sell stock need
to place orders through an intermediary or broker. The share price
of a closed-end fund is based on the market value.
Risk is inherent in all investing. Investing in any investment
company security involves risk, including the risk that you may
receive little or no return on your investment or even that you may
lose part or all of your investment. Therefore, before investing in
the Common Shares, you should consider the risks as well as the
other information in the prospectus.
Past performance is no guarantee of future results.
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.
RiverNorth Capital Management, LLC
RiverNorth is an investment management firm founded in 2000 that
specializes in opportunistic strategies in niche markets where the
potential to exploit inefficiencies is greatest. RiverNorth is the
manager to multiple registered and private funds.
1Managed Assets includes assets attributable to leverage and
investments in affiliated funds. Marketing services provided by
ALPS Distributors Inc. ALPS and RiverNorth are not affiliated.
RiverNorth® is a registered trademark of RiverNorth Capital
Management, LLC. ALPS Distributors, Inc. is the FINRA Member Firm.
©2000-2022 RiverNorth Capital Management, LLC. All rights reserved.
OPP000123
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version on businesswire.com: https://www.businesswire.com/news/home/20220927006126/en/
Investor Contact Chris Lakumb, CFA, CAIA 312.445.2336
clakumb@rivernorth.com
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