CHICAGO--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”), which is traded on the New York Stock Exchange under the symbol “OPP”, announced the declaration of a monthly distribution of $0.11 per common share for the month of January 2017. The distribution is subject to the following ex-distribution, record and payable dates below set by the Fund’s Board of Trustees. Based on the Fund’s current share price of $18.44 (as of market close December 30, 2016), the distribution represents an annualized distribution rate of 7.16%. The Fund intends to announce a series of monthly distributions in future months.
|Ex Date||Record Date||Payable Date|
|January 11, 2017||January 13, 2017||January 31, 2017|
RiverNorth CIO Patrick Galley provided an update on the Fund in a recent video filmed by RiverNorth. The video is available at RiverNorth’s website: http://www.rivernorth.com/videos/fund-update-rivernorth-doubleline-strategic-opportunity-fund-opp.
RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With approximately $3.5 billion in assets under management as of November 30, 2016, RiverNorth specializes in opportunistic investment strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is the investment manager to multiple registered and private funds.
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. When preparing your tax return, please refer to your Form 1099-DIV and consult your legal or tax advisor.
A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short‐term capital gain, long‐term capital gain and return of capital.
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 800.617.0004.
The Fund is a closed-end fund, and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering has closed, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.
Shares of closed-end investment companies frequently trade at a discount to their net asset value and initial offering price. The risk of loss due to this discount may be greater for initial investors expecting to sell their shares in a relatively short period after completion of the initial public offering.
An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle.
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 of the Fund, you should consider the risks as well as the other information in the prospectus.
Not FDIC Insured | May Lose Value | No Bank Guarantee
RiverNorth® is a registered trademark of RiverNorth Capital Management, LLC. DoubleLine® is a registered trademark of DoubleLine Capital LP.
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