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RiverNorth DoubleLine Strategic Opportunity Fund, Inc.
Ticker Symbol: OPP     CUSIP: 76882G107     Exchange: NYSE
Security Type:   Closed-End ETF  ---  ETF SubType:   Total Return Fund

Company's Online Profile
FUND DESCRIPTION:  RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a diversified, closed-end management investment company. 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. FUND MANAGEMENT: The Fund’s investment adviser is RiverNorth Capital Management, LLC and the Fund’s subadviser is DoubleLine Capital LP.
Find All Related Securities for OPP

IPO - 9/27/2016 - 10.50 Million Shares @ $20.00/share.    Link to IPO Prospectus
Small Cap Stock -   Market Value $197.0 Million

Company's Online Information Links
HOME PAGE:     https://www.rivernorth.com/
ETF Fund's Information Go to Fund Information
ETF Funds's Online News Releases Go to News Releases
Online ETF Fund Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Inv Rel Email Address info@rivernorthfunds.com
General Email Address info@rivernorth.com

Address and Phone Numbers
Address:   325 North LaSalle Street, Suite 645, Chicago, IL 60654
Main Phone Number 312-832-1440
Fax Number Not Available
Investor Relations 888-848-7569
Toll Free Phone Number 855-830-1222

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Latest Update: 8/7/2023