INVESTMENT OBJECTIVE: The RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. seeks current income and overall total return.

FUND STRATEGY: The Fund seeks to achieve its investment objective by allocating its Managed Assets among the two principal investment strategies; Tactical Closed-End Fund Income Strategy and; Opportunistic Income Strategy. The Tactical Closed-End Fund Income Strategy (10% - 35% of Managed Assets) strategy will seek to (i) generate returns through investments in closed-end funds, exchange-traded funds and business development companies (collectively, the Underlying Funds) that invest primarily in income-producing securities, and (ii) derive value from the discount and premium spreads associated with closed-end funds. The Opportunistic Income Strategy (65% - 90% of Managed Assets) strategy seeks to generate attractive risk-adjusted returns through investments in fixed income instruments and other investments, including agency and non-agency residential mortgage-backed and other asset-backed securities, corporate bonds, municipal bonds, and real estate investment trusts. At least 50% of the Managed Assets allocated to this strategy will be invested in mortgage-backed securities. The Fund, or the Underlying Funds in which the Fund invests, may invest in securities of any credit quality, including, without limit, securities that are rated below investment grade, except that, under normal market conditions, no more than 60% of the Fund’s Managed Assets allocated to the Tactical Closed-End Fund Income Strategy will be invested in below investment grade and senior loan Underlying Funds, and the Fund will invest at least 20% of the Managed Assets allocated to the Opportunistic Income Strategy in securities rated investment grade.