RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Corporation Announce Preferred Dividends | Business

CHICAGO–(BUSINESS WIRE)–January 21, 2022–

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Corporation are each pleased to announce the declaration of preferred dividends for the first quarter of 2022, as detailed below.

Date of departure

Registration Date

Payment date

February 1, 2022

February 2, 2022

February 15, 2022

Fund name

Preferred Share Series


Distribution per share

RiverNorth/DoubleLine Strategic Opportunities Fund, Inc.

4.375% Series A Cumulative Preferred Shares



RiverNorth/DoubleLine Strategic Opportunities Fund, Inc.

4.75% Series B Cumulative Preferred Shares



RiverNorth Specialty Financial Corporation

5.875% Series A Term Preferred Shares



* Partial distribution representing the period from the initial issue date of the OPPPRB on November 22, 2021 to February 14, 2022.

About RiverNorth

RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With $5.8 billion 1 in assets under management as of November 30, 2021, RiverNorth specializes in opportunistic investment strategies in niche markets where the potential for exploiting inefficiencies is greatest. RiverNorth is an institutional investment manager for registered funds, private funds and separately managed accounts.

Distributions were calculated based on the Preferred Share Liquidation Preference of $25.00 per share and the most recent quarterly distribution rate per share of $0.27344 for the Series A Cumulative Preferred Shares of RiverNorth/ DoubleLine Fund, Inc. at 4.375%, and $0.27380* for RiverNorth / Series B 4.75% Cumulative Preferred Shares of DoubleLine Strategic Opportunity Fund, Inc. and $0.36719 for Term Preferred Shares of Series A at 5.875% of RiverNorth Specialty Finance Corporation, respectively. Distributions may be made from sources of income other than ordinary income, such as short-term net realized capital gains, long-term net realized capital gains and returns of capital. Actual amounts and sources of amounts for tax reporting purposes will depend on each Fund’s investment experience over the remainder of its financial year and may be subject to change as a result of tax regulations. If a distribution includes anything other than net investment income, the Fund provides advice under Section 19(a) of the best estimate of its sources of distribution at that time. These estimates may not match the final tax characterization (for full-year distributions) contained in shareholders’ Forms 1099-DIVs after the end of the year.

This data is provided for informational purposes only and should not be construed as an official tax form, nor should it be taken as tax or investment advice. RiverNorth is not a tax adviser and investors should consult a tax professional for advice regarding their specific tax situation. Please consult your legal or tax advisor.

Investors should carefully consider the Fund’s investment objective, risks, charges and expenses 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, which are described in the “Risks” section of each Prospectus.

Member Firm ALPS Distributors Inc. ALPS and RiverNorth are not affiliated.

1The firm’s AUM reflects assets under management which include 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.


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CONTACT: Contact with investors

Chris Lakumb, CFA, ACIA


[email protected]



SOURCE: RiverNorth Capital Management, LLC

Copyright BusinessWire 2022.

PUBLISHED: 01/21/2022 17:30 / DISK: 01/21/2022 17:32


Copyright BusinessWire 2022.

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