Research analysts covering RiverNorth/DoubleLine Strategic Opportunity Fund.
Recent press releases and 8-K filings for OPP.
RiverNorth/DoubleLine Strategic Opportunity Fund Announces Transferable Rights Offering Details
OPP
- RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) has authorized a transferable rights offering for its common stockholders of record as of October 24, 2025, with the offering set to expire on November 18, 2025.
- Record Date Stockholders received one Right for each share held, and three Rights are required to purchase one new share of common stock.
- The subscription price will be determined by a formula equal to 90% of the reported net asset value (NAV) or 95% of the market price per share, whichever is higher on the Expiration Date. An estimated subscription price of $8.04 was provided if the expiration date was November 7, 2025, based on a NAV of $8.93.
- As of September 30, 2025, the Fund reported approximately $212.3 million of total net assets and 23.8 million shares of common stock outstanding.
Nov 10, 2025, 9:49 PM
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Transferable Rights Offering
OPP
- RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) has announced a transferable rights offering to its common stockholders of record as of October 24, 2025.
- Stockholders will receive one Right for each share held, allowing them to subscribe for one new share for every three Rights exercised.
- The subscription price will be the higher of 90% of the net asset value or 95% of the market price per share on the Expiration Date, which is November 18, 2025.
- Rights are expected to begin "When Issued" trading under OPP RTWI on October 23, 2025, and "Regular Way" trading under OPP RT on October 30, 2025.
Oct 7, 2025, 9:55 PM
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