OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

$9.03

0.39%

Market Cap: $207M

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 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

8.64% less ownership

Funds ownership: 33.24% [Q1] → 24.6% (-8.64%) [Q2]

18% less funds holding

Funds holding: 57 [Q1] → 47 (-10) [Q2]

27% less capital invested

Capital invested by funds: $65.8M [Q1] → $47.9M (-$17.9M) [Q2]

38% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 21

83% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 12

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Research analyst outlook

We haven’t received any recent analyst ratings for OPP.

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Financial journalist opinion

OPP: Positioned For Falling Interest Rates, But There Are Some Risks

RiverNorth/DoubleLine Strategic Opportunity Fund offers high income potential with a multi-strategy portfolio managed by different fund managers. The OPP Fund has outperformed the S&P 500 Index over the past five months, which is unusual for a closed-end fund. The fund is primarily a fixed-income fund, with more than two-thirds of its assets invested in this category.

OPP: Positioned For Falling Interest Rates, But There Are Some Risks

RiverNorth Closed-End Funds Declare Monthly Distributions

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have declared distributions for July, August and September 2024, as detailed below. Ex Date Record Date Payable Date July 15, 2024 July 15, 2024 July 31, 2024 August 15, 2024 August 15, 2024 August 30, 2024 September 13, 2024 September 13, 2024 September 30, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as.

RiverNorth Closed-End Funds Declare Monthly Distributions

OPP: Finally Time For This Eclectic Fund, 14% Yield

RiverNorth/DoubleLine Strategic Opportunity Fund is a fixed income CEF with a collateral pool based on three distinct strategies. The fund is currently overweight small business loans, non-Agency MBS bonds and Treasuries, with a duration-oriented return profile. OPP has historically performed well during periods of low interest rates and is currently trading at a large discount to NAV, making it an attractive investment opportunity.

OPP: Finally Time For This Eclectic Fund, 14% Yield

RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Capital and Income Fund, Inc. Announce Preferred Dividends

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Capital and Income Fund, Inc. are each pleased to announce the declaration of preferred dividends for the second quarter of 2024, as detailed below. Ex Date Record Date Payable Date May 1, 2024 May 2, 2024 May 15, 2024 Fund Name Preferred Stock Series NYSE Distribution Per Share RiverNorth Opportunities Fund, Inc. 6.000% Series A Perpetual Preferred.

RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Capital and Income Fund, Inc. Announce Preferred Dividends

RiverNorth Closed-End Funds Declare Monthly Distributions

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have declared distributions for April, May and June 2024, as detailed below. Ex Date Record Date Payable Date April 12, 2024 April 15, 2024 April 30, 2024 May 14, 2024 May 15, 2024 May 31, 2024 June 14, 2024 June 14, 2024 June 28, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as of 3/28/2024 Annualized Curr.

RiverNorth Closed-End Funds Declare Monthly Distributions

OPP: Not The Best Time To Buy, Despite The Sizable Discount

The RiverNorth/DoubleLine Strategic Opportunity Fund has a high yield of 14.36%, which is higher than peers and makes it attractive to income-focused investors. The OPP closed-end fund's recent performance has been strong, with a 4.10% increase in share price since December 2023, outperforming bond indices. The fund's distribution has been declining, and it has failed to cover its distribution year-to-date.

OPP: Not The Best Time To Buy, Despite The Sizable Discount

These 7 High-Yield CEFs Reduced Distributions In 2024, Consider Buying Anyway

abrdn, a UK-based fund manager, has been aggressively acquiring and merging closed-end funds aka CEFs from other managers to expand its offerings. CEFs have advantages over traditional dividend-paying stocks and offer a wide range of asset types and classes.

These 7 High-Yield CEFs Reduced Distributions In 2024, Consider Buying Anyway

RiverNorth Closed-End Funds Declare Monthly Distributions

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the distribution rates have been reset for the calendar year 2024, as detailed below. Further, the Funds have declared distributions for January, February, and March 2024. Ex Date Record Date Payable Date January 12, 2024 January 16, 2024 January 31, 2024 February 14, 2024 February 15, 2024 February 29, 2024 March 14, 2024 March 15, 2024 March 28, 2024 Tax-Exempt.

RiverNorth Closed-End Funds Declare Monthly Distributions

CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities

Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, meaning higher rates for longer. Discounts for CEFs continue to tread water, with real estate and interest rate-sensitive bond sectors performing well, while emerging market equity and convertibles performed poorly.

CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities

OPP: Positioned For Near-Term Rate Cuts, But Distribution Outlook Is Hazy

The RiverNorth/DoubleLine Strategic Opportunity Fund offers a high level of current income with a 15.22% yield, but there are concerns it may have to reduce its distribution in the future. The fund's recent performance has been reasonable, but it has underperformed the S&P 500 Index. The fund's portfolio is managed by RiverNorth and DoubleLine, and it invests in a combination of traditional bonds and non-traditional assets like closed-end funds and business development companies.

OPP: Positioned For Near-Term Rate Cuts, But Distribution Outlook Is Hazy

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