OPP News and Press, RiverNorth/DoubleLine Strategic Opportunity Fund Inc. From 01/30/23

RiverNorth Capital and Income Fund, Inc. (NYSE: RSF) (the “Fund”) today announced the preliminary results of its transferable rights offering (the “Offering”) that expired on January 27, 2023 (the “Expiration Date”). In the Offering, the Fund received sub...

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 first quarter of 2023, as detailed below. * Formerly known as RiverNorth S...

Summary Bonds are back, offering the highest yields in over a decade. With an emphasis on a fixed income, my portfolio is positioned for weaker growth but stronger markets in 2023. Using an income-compounding approach, I can continue to grow my future income stream for retirement by...

Summary 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 by lower Treasury yields and higher stocks. Many beaten-down stocks fell o...

RiverNorth/DoubleLine Strategic Opportunity Fund ( OPP ) declares $0.1021/share monthly dividend , -30.9% decrease from prior dividend of $0.1478. Forward yield 13.46% Payable Jan. 31; for shareholders of record Jan. 13; ex-div Jan. 12. Payable Feb. 28; for shareholder...

Summary 2022 provided long only investors with poor returns, both in equity and fixed income markets. With M-2 money supply growth slowing and a profits recession on the horizon, 2023 is likely to look a lot like 2022, particularly in the first half of the year. My portfolio allocat...

Summary OPP's preferred shares offer an excellent risk/reward ratio. The fund invests in high-yield debt, government and corporate debt, and CEFs. The asset coverage ratio is required to exceed 200% of the value of the preferred shares. If OPP fails to achieve this, it can be forced...

RiverNorth Capital and Income Fund, Inc. (NYSE: RSF) (the “Fund”) announces that its Board of Directors (the “Board”) has authorized and set the terms of an offering to the Fund’s stockholders of rights to purchase additional shares of common stock of the Fund. ...

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 Directors of each Fund as an independent director, effective immediately. Ms. Mougin is an experien...

Summary 12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results. NCZ resumes distributions, NCV holders should switch. Author's note: This article was released to CEF/ETF Income Laboratory members ...