RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the "Fund"), which is traded on the New York Stock Exchange under the symbol "OPP", announced the declaration of a monthly distribution of $0.11 per common share for the month of November 2016. The distribution is subject to the following ex-distribution, record and payable dates below set by the Fund's Board of Trustees. Based on the Fund's current share price of $20.00 (as of market close November 4, 2016), the distribution represents an annualized distribution rate of 6.60%. The Fund intends to announce a series of monthly distributions in future months.
November 16, 2016
November 18, 2016
November 30, 2016
The Fund debuted September 28, 2016 on the NYSE. As of November 4, 2016 the Fund's net assets were approximately 54% invested. Given recent price compression and market volatility, both RiverNorth and DoubleLine have been cautiously buying into the market weakness. RiverNorth will launch a video update on the Fund in the coming weeks, which will be made available at www.rivernorth.com. About RiverNorth RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With approximately $3.6 billion in assets under management as of September 30, 2016, RiverNorth specializes in opportunistic investment strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is the investment manager to multiple registered and private funds. This data is for information only and should not be construed as an official tax form, nor should it be considered tax or investment advice. RiverNorth is not a tax advisor and investors should consult a tax professional for guidance regarding their specific tax situation. When preparing your tax return, please refer to your Form 1099-DIV and consult your legal or tax advisor.