RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP)
| Market Value | 194.58M |
| Revenue (ttm) | n/a |
| Net Income (ttm) | n/a |
| Shares Out | 23.00M |
| EPS (ttm) | n/a |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $1.20 (14.27%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 75,233 |
| Open | 8.45 |
| Previous Close | 8.45 |
| Day's Range | 8.42 - 8.46 |
| 52-Week Range | 7.92 - 9.30 |
| Beta | 0.72 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About OPP
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fixed income markets. The fund seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. was formed on December 30, 2010 and is domiciled in the United States. [Read more]
News
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/Doub...
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 Pre...
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 Treasur...
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 CMB...
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 Fun...
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 ...
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 dividen...
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces 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) announces that its Board of Directors (the “Board”) has authorized and set the t...
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 October, November and De...
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 t...
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 ...
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 ann...
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 perfor...
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...
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, mea...
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 ...
OPP: Attractive Distribution Does Not Appear To Be Sustainable
RiverNorth/DoubleLine Strategic Opportunity Fund offers a high current yield of 15.13%, substantially higher than other options in the market. The fund's performance has remained relatively stable des...
CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best
Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptiona...
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 ann...
OPP: Avoid This Amortizing Return Of Principal Fund
The RiverNorth/DoubleLine Strategic Opportunity Fund (OPP fund) is not recommended for investors due to its inability to sustain its high distribution yield of 14.3%. The OPP fund, which combines stra...
OPP: This High-Yielding CEF Looks Better And Could Be A Play On Bank Problems
Investors are desperate for income to maintain their standard of living in today's incredibly high inflation. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. invests in a portfolio of fixed-inc...
Preferreds Weekly Review: Year-End Tax Losers Rally Hard
We take a look at the action in preferreds and baby bonds through the first week of January and highlight some of the key themes we are watching. Preferreds had a terrific start to the year, supported...
OPP: Interesting Fund But Don't Count On That Yield Being Sustainable
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. invests its assets in three tactical silos that include both other closed-end funds and fixed-income assets. The closed-end fund is invested in s...
RiverNorth Closed-End Funds and RiverNorth Funds Announce Board Member Appointments and Retirement
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--The RiverNorth Closed-End Funds (each a “Fund” and collectively, the “Funds”)1 are pleased to announce that Lisa Mougin has been appointed to the Board of Dir...