Quick Search
Top Banner

Session.supporter not defined

Register
quantumonline home Income Tables Income Lists Stock Lists Special Lists Investment Services Investment Information quantumonline home

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.375% Ser A Prfd Stock
Ticker Symbol: OPP-A     CUSIP: 76882G206     Exchange: NYSE
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.375% Series A Cumulative Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 11/15/2025 at $25 per share plus accrued and unpaid dividends, and with no stated maturity.

Cumulative distributions of 4.375% per annum ($1.09375 per annum or $0.2734375 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 S-22 of the prospectus for further information).

The Series A Preferred may be subject to an early call in 2021 if the fund converts to an open-end management investment company.

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.

Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
4.38%
$1.09375
$25.00
$25.00
11/15/2025
None
A1 NF
1/17/2022
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 - 10/14/2020 - 2.20 Million Shares @ $25/share.    Link to IPO Prospectus
Previous Ticker Symbol: OPPRP    Changed: 10/27/2020
Market Value $625.0 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 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

Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.


investment Links contact quantumonline guestbook
quantumonline supporters about quantumonline using quantumonline


QuantumOnline.com
Copyright © 1997 - 2022 QuantumOnline.com. All rights reserved.
Latest Update: 3/31/2021