Finance corporation

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


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.

Date of departure

Registration Date

Payment date

August 1, 2022

August 2, 2022

August 15, 2022

Fund name

Preferred Share Series


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



About RiverNorth

RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With $5.7 billion 1 in assets under management as of May 31, 2022, 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.

Distributionswere calculated using the preferred stock liquidation preference of $25.00 per share and the most recent quarterly distribution rate per share of $0.27344 forSeries A 4.375% Cumulative Preferred Shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., $0.29688 for Series B 4.75% Cumulative Preferred Shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and 0, $36,719 for Series A Term Preferred Shares, 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.

Marketing services provided by 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: 7/20/2022 4:30 PM / DISK: 7/20/2022 4:32 PM

Copyright BusinessWire 2022.