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RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.75% Ser B Prfd Stock
Ticker Symbol: OPP-B     CUSIP: 76882G404     Exchange: NYSE
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.75% Series B Cumulative Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 02/15/2027 at $25 per share plus accrued and unpaid dividends, and with no stated maturity.

Cumulative distributions of 4.75% per annum ($1.1875 per annum or $0.296875 per quarter) will be paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date fixed by the board, not more than 20 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by preferreds issued by closed-end funds can be 0% to 100% eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and can also be 0% to 100% eligible for the dividends received deduction for corporate holders (see page of the prospectus for further information).

If the Company fails to maintain asset coverage of at least 200% as of the close of business on the last business day of any calendar quarter and such failure is not cured by the close of business on the date that is 30 days following the filing date of the Asset Coverage Cure Date, then the Company will be required to redeem, within 90 days of the Asset Coverage Cure Date, shares of preferred stock, including Series B Cumulative Preferred Stock), at least equal to the lesser of (1) the minimum number of shares of preferred stock that will result in the fund having asset coverage of at least 200% and (2) the maximum number of shares of preferred stock that can be redeemed out of funds legally available for such redemption. (see prospectus for further information)..

In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

This security was rated as A1 by Moody’s and Not Rated by S&P at the date of its IPO. In regard to the payment of distributions and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
4.75%
$1.1875
$25.00
$25.00
2/15/2027
None
A1 NR
3/30/2023
2/15, 5/15, 8/15 & 11/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
Variable

Go to Parent Company's Record (OPP)

IPO - 11/15/2021 - 2.40 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: OPPBP    Changed: 11/26/2021
Market Value $60.0 Million

Company's Online Information Links
HOME PAGE:     https://www.rivernorth.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company 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 clakumb@rivernorth.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   Chris Lakumb 312-445-2336
Toll Free Phone Number 855-830-1222


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