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RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Results of Shareholder Vote

CHICAGO--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) announced the results of its shareholder meeting of August 27, 2021. At that meeting, shareholders were asked to vote on a proposal, pursuant to the Fund’s Articles of Incorporation, to convert the Fund from its current structure as a closed-end investment company to an open-end investment company. Shareholders voted against the proposal, and the Fund will continue in its current closed-end investment company structure.

“We are very pleased that the Fund’s shareholders have elected to maintain the existing closed-end fund structure,” said Patrick Galley, RiverNorth’s Chief Executive Officer and Chief Investment Officer. “In our view this structure provides the best opportunity for current income and overall return for our shareholders.”

RiverNorth Capital Management, LLC

RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With $5.5 billion1 in assets under management as of July 31, 2021, 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 Fund is a closed-end fund and does not continuously issue stock for sale as open-end mutual funds do. The Fund 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 shares of common stock, 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.

Chris Lakumb is a registered representative of ALPS Distributors, Inc. RiverNorth Capital Management, LLC is not affiliated with ALPS Distributors.

1. Managed Assets includes assets attributable to leverage and investments in affiliated funds.

Not FDIC Insured | May Lose Value | No Bank Guarantee
ALPS Distributors, Inc. is the FINRA Member Firm.
RiverNorth® is a registered trademark of RiverNorth Capital Management, LLC.

©2000-2021 RiverNorth Capital Management, LLC. All rights reserved.
RMI000231

Contacts

Investor Contact
Chris Lakumb, CFA, CAIA
312.445.2336
clakumb@rivernorth.com

Industry:

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

NYSE:OPP
Release Versions
English

Contacts

Investor Contact
Chris Lakumb, CFA, CAIA
312.445.2336
clakumb@rivernorth.com

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