OPP
RiverNorth/DoubleLine Strategic Opportunity FundOPP
OPP
About: RiverNorth/DoubleLine Strategic Opportunity Fund Inc is a closed-end management investment company. The company's investment objective is to seek current income and overall total return.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
8% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 13
6% less funds holding
Funds holding: 47 [Q2] → 44 (-3) [Q3]
9.84% less ownership
Funds ownership: 32.33% [Q2] → 22.49% (-9.84%) [Q3]
26% less capital invested
Capital invested by funds: $63.2M [Q2] → $46.9M (-$16.4M) [Q3]
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Research analyst outlook
We haven’t received any recent analyst ratings for OPP.
Financial journalist opinion
Neutral
Business Wire
3 weeks ago
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Non-Transferable Rights Offering for Common and Preferred Stock
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) today announced the final results of its inseparable non-transferable rights to purchase additional shares of common stock and newly issued 6.00%, 3-Year Term, Series C Term Preferred Stock (the “Series C Preferred Stock”) of the Fund (the “Offering”). The Fund will issue a total of 838,412 new shares of common stock and 419,206 new shares of Series C Preferred Stock as a resu.
Neutral
Business Wire
4 weeks ago
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Preliminary Results of Non-transferable Rights Offering for Common and Preferred Stock
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) today announced the preliminary results of its inseparable non-transferable rights to purchase additional shares of common stock and newly issued 6.00%, 3-Year Term, Series C Term Preferred Stock (the “Series C Preferred Stock”) of the Fund (the “Offering”) that expired on November 25, 2024 (the “Expiration Date”). In the Offering, the Fund received subscription requests for 8.
Neutral
Business Wire
1 month ago
Reminder: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Non-Transferable Rights Offering for Common and Preferred Stock
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--As previously announced in press releases dated October 21, 2024 and November 1, 2024 (the “Prior Announcements”), the Board of Directors of the RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) has authorized and set the terms of an offering to the Fund's stockholders of inseparable non-transferable rights to purchase additional shares of common stock and newly issued 6.00%, 3-Year Term, Series C Term Preferred Stock (the “S.
Positive
Seeking Alpha
1 month ago
OPP: Rights Offering Presents Opportunity To Collect High Yield Income At Discounted Price
OPP offers a 13.7% yield and trades at a discount to NAV of nearly -7%. A rights offering will allow shareholders to exercise six rights to buy two shares of common stock and one share of Series C Preferred stock. While I consider OPP a good CEF for income investors, I believe that the RO will offer some potential buying opportunities as investors fear dilution to the NAV.
Positive
Seeking Alpha
1 month ago
Preferreds Weekly Review: Agency Mortgage REIT Results Support Preferreds
We take a look at the action in preferreds and baby bonds through the fourth week of October and highlight some of the key themes we are watching. Preferred stocks fell around 1% due to rising Treasury yields, but resilient economy views kept credit spreads near 5-year lows. Agency mortgage REITs' Q3 results show rising book value and stable leverage.
Positive
Seeking Alpha
1 month ago
Preferreds Weekly Review: Agency Mortgage REIT Results Support Preferreds
We take a look at the action in preferreds and baby bonds through the fourth week of October and highlight some of the key themes we are watching. Preferred stocks fell around 1% due to rising Treasury yields, but resilient economy views kept credit spreads near 5-year lows. Agency mortgage REITs' Q3 results show rising book value and stable leverage.
Neutral
Seeking Alpha
1 month ago
CEF Weekly Review: Invesco Has A Do-Over
We review the CEF market valuation and performance through the fourth week of October and highlight recent market action. Most CEF sectors were down this week while discounts were mixed. Invesco's CMBS CEF IHTA is set for liquidation in December 2024, with NAV performance looking better than sister fund IHIT last year.
Neutral
Business Wire
1 month ago
Update: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., Announces Non-Transferable Rights Offering for Common and Preferred Stock
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--As announced in a press release dated October 21, 2024 (the “Prior Announcement”), the Board of Directors of the RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) has authorized and set the terms of an offering to the Fund's stockholders of inseparable non-transferable rights to purchase additional shares of common stock and newly issued 6.00%, 3-Year Term, Series C Term Preferred Stock (the “Series C Preferred Stock”) of the.
Positive
Seeking Alpha
1 month ago
Eleven High-Yield Closed End Funds: Five To Watch And Six To Buy
As a retired income investor, I focus on high-yield CEFs for reliable monthly distributions and potential capital gains from NAV discounts. Five CEFs to avoid currently: GOF, VVR, ARDC, WDI, IGR, due to high relative premiums or unfavorable market conditions. Recommended CEFs to buy/add: AOD, ASGI, JRI, MEGI, OPP, FSCO, offering high yields and potential for capital gains with favorable market conditions.
Neutral
Business Wire
2 months ago
RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announce Preferred Dividends
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. are each pleased to announce the declaration of preferred dividends for the 4th quarter of 2024, as detailed below.
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