RiverNorth Funds Propose 2026 Distribution Rate Adjustments
- Distribution Policy Update: RiverNorth Funds propose a 2026 distribution rate of 12.50% for RIV and 6.75% for RMI, RMM, RFM, RFMZ, and RMMZ, which aims to provide investors with stable cash flow and enhance investment appeal.
- Distribution Dates Set: The distribution dates for January, February, and March 2026 are established as January 30, February 27, and March 31, ensuring timely returns for investors and improving liquidity.
- Tax Implications Explained: A portion of the distributions may involve return of capital, with RIV estimating that 70.89% of its distribution comes from current year net investment income and 29.11% from capital return, impacting investors' tax planning and return expectations.
- Investor Flexibility Options: Investors can choose to receive additional shares through a dividend reinvestment plan or cash distributions, which will help enhance shareholder engagement and market participation.
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RiverNorth Declares Preferred Dividends for Q1 2026
- Preferred Dividend Announcement: RiverNorth Opportunities Fund, Inc. declares a dividend of $0.37500 per share for its 6.000% Series A Perpetual Preferred Stock, reflecting the company's stable income distribution capability and boosting investor confidence.
- Diverse Preferred Stock Series: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. announces dividends of $0.27344 for its 4.375% Series A and $0.29688 for its 4.750% Series B Preferred Stocks, showcasing the company's flexibility and market adaptability across different preferred stock structures.
- Dividend Payment Dates: All preferred dividends are set to be paid on February 13, 2026, with a record date of February 2, 2026, ensuring timely returns for investors and further solidifying the company's market reputation.
- Asset Management Scale: As of November 30, 2025, RiverNorth manages $5.1 billion in assets, demonstrating its significant influence and investment management capabilities in the market, attracting more investor interest.
RiverNorth Declares Preferred Dividends for Q1 2026
- Preferred Dividend Announcement: RiverNorth Opportunities Fund, Inc. declares a dividend of $0.37500 per share for its 6.000% Series A Perpetual Preferred Stock, indicating stable cash flow and commitment to shareholders.
- Diverse Preferred Stock Series: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. announces dividends of $0.27344 for its 4.375% Series A, $0.29688 for its 4.750% Series B, and $0.15000 for its 6.000% Series C, reflecting the company's adaptability under varying market conditions.
- Dividend Payment Date: All preferred dividends are set to be paid on February 13, 2026, ensuring timely returns for investors and bolstering confidence in the company.
- Asset Management Scale: As of November 30, 2025, RiverNorth manages $5.1 billion in assets, showcasing its strong market position and potential for continued growth.
RiverNorth Funds Propose 2026 Distribution Rate Adjustments
- Distribution Policy Update: RiverNorth Funds propose a 2026 distribution rate of 12.50% for RIV and 6.75% for RMI, RMM, RFM, RFMZ, and RMMZ, which aims to provide investors with stable cash flow and enhance investment appeal.
- Distribution Dates Set: The distribution dates for January, February, and March 2026 are established as January 30, February 27, and March 31, ensuring timely returns for investors and improving liquidity.
- Tax Implications Explained: A portion of the distributions may involve return of capital, with RIV estimating that 70.89% of its distribution comes from current year net investment income and 29.11% from capital return, impacting investors' tax planning and return expectations.
- Investor Flexibility Options: Investors can choose to receive additional shares through a dividend reinvestment plan or cash distributions, which will help enhance shareholder engagement and market participation.
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Reveals Conclusive Outcomes of Rights Offering
Offering Results: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. announced the completion of its transferable rights offering, resulting in the issuance of 1,180,525 new shares at a subscription price of $7.94 per share, generating approximately $9.4 million in gross proceeds.
Fund Overview: As of October 31, 2025, the Fund had total net assets of approximately $211.9 million and 23.8 million shares outstanding, focusing on current income and overall total return.
Investment Risks: The Fund is a closed-end fund, meaning it does not continuously issue stock, and investors should be aware of the inherent risks involved in investing, including the potential for loss of investment.
Management and Contact Information: RiverNorth Capital Management, LLC, an independent investment manager, oversees the Fund and manages $5.1 billion in assets. Investors can contact RiverNorth for more information or to obtain the prospectus.
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Reveals Initial Outcomes of Rights Offering
Offering Results: RiverNorth/DoubleLine Strategic Opportunity Fund announced preliminary results of its rights offering, receiving requests for 1,180,525 shares, with expected gross proceeds of approximately $9.4 million.
Subscription Price: The final subscription price per share was set at $7.94, lower than the initial estimate of $8.12, with excess payments to be returned to rights holders.
Investment Objective: The Fund aims for current income and total return, managing approximately $211.9 million in total net assets as of October 31, 2025.
Investment Risks: The Fund is a closed-end fund, and investors are advised to consider the inherent risks and review the prospectus before investing.
Latest News: Transferable Rights Offering for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
Rights Offering Announcement: The RiverNorth/DoubleLine Strategic Opportunity Fund has authorized a rights offering for its common stockholders, allowing them to purchase additional shares, with an expiration date set for November 18, 2025.
Subscription Details: Record Date Stockholders will receive one transferable subscription right for each share held, enabling them to buy one new share for every three rights they possess, with the estimated subscription price being $8.04 based on the Fund's net asset value.
Trading Information: The rights began trading on the NYSE under the ticker OPP RTWI on October 23, 2025, and will transition to regular trading under OPP RT on October 30, 2025.
Investment Risks: Investors are advised to consider the risks associated with investing in the Fund, including the potential for loss, and should review the prospectus supplement and accompanying prospectus when available.
RiverNorth Declares Preferred Dividends for Q1 2026
- Preferred Dividend Announcement: RiverNorth Opportunities Fund, Inc. declares a dividend of $0.37500 per share for its 6.000% Series A Perpetual Preferred Stock, reflecting the company's stable income distribution capability and boosting investor confidence.
- Diverse Preferred Stock Series: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. announces dividends of $0.27344 for its 4.375% Series A and $0.29688 for its 4.750% Series B Preferred Stocks, showcasing the company's flexibility and market adaptability across different preferred stock structures.
- Dividend Payment Dates: All preferred dividends are set to be paid on February 13, 2026, with a record date of February 2, 2026, ensuring timely returns for investors and further solidifying the company's market reputation.
- Asset Management Scale: As of November 30, 2025, RiverNorth manages $5.1 billion in assets, demonstrating its significant influence and investment management capabilities in the market, attracting more investor interest.
RiverNorth Declares Preferred Dividends for Q1 2026
- Preferred Dividend Announcement: RiverNorth Opportunities Fund, Inc. declares a dividend of $0.37500 per share for its 6.000% Series A Perpetual Preferred Stock, indicating stable cash flow and commitment to shareholders.
- Diverse Preferred Stock Series: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. announces dividends of $0.27344 for its 4.375% Series A, $0.29688 for its 4.750% Series B, and $0.15000 for its 6.000% Series C, reflecting the company's adaptability under varying market conditions.
- Dividend Payment Date: All preferred dividends are set to be paid on February 13, 2026, ensuring timely returns for investors and bolstering confidence in the company.
- Asset Management Scale: As of November 30, 2025, RiverNorth manages $5.1 billion in assets, showcasing its strong market position and potential for continued growth.
RiverNorth Funds Propose 2026 Distribution Rate Adjustments
- Distribution Policy Update: RiverNorth Funds propose a 2026 distribution rate of 12.50% for RIV and 6.75% for RMI, RMM, RFM, RFMZ, and RMMZ, which aims to provide investors with stable cash flow and enhance investment appeal.
- Distribution Dates Set: The distribution dates for January, February, and March 2026 are established as January 30, February 27, and March 31, ensuring timely returns for investors and improving liquidity.
- Tax Implications Explained: A portion of the distributions may involve return of capital, with RIV estimating that 70.89% of its distribution comes from current year net investment income and 29.11% from capital return, impacting investors' tax planning and return expectations.
- Investor Flexibility Options: Investors can choose to receive additional shares through a dividend reinvestment plan or cash distributions, which will help enhance shareholder engagement and market participation.
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Reveals Conclusive Outcomes of Rights Offering
Offering Results: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. announced the completion of its transferable rights offering, resulting in the issuance of 1,180,525 new shares at a subscription price of $7.94 per share, generating approximately $9.4 million in gross proceeds.
Fund Overview: As of October 31, 2025, the Fund had total net assets of approximately $211.9 million and 23.8 million shares outstanding, focusing on current income and overall total return.
Investment Risks: The Fund is a closed-end fund, meaning it does not continuously issue stock, and investors should be aware of the inherent risks involved in investing, including the potential for loss of investment.
Management and Contact Information: RiverNorth Capital Management, LLC, an independent investment manager, oversees the Fund and manages $5.1 billion in assets. Investors can contact RiverNorth for more information or to obtain the prospectus.
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Reveals Initial Outcomes of Rights Offering
Offering Results: RiverNorth/DoubleLine Strategic Opportunity Fund announced preliminary results of its rights offering, receiving requests for 1,180,525 shares, with expected gross proceeds of approximately $9.4 million.
Subscription Price: The final subscription price per share was set at $7.94, lower than the initial estimate of $8.12, with excess payments to be returned to rights holders.
Investment Objective: The Fund aims for current income and total return, managing approximately $211.9 million in total net assets as of October 31, 2025.
Investment Risks: The Fund is a closed-end fund, and investors are advised to consider the inherent risks and review the prospectus before investing.
Latest News: Transferable Rights Offering for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
Rights Offering Announcement: The RiverNorth/DoubleLine Strategic Opportunity Fund has authorized a rights offering for its common stockholders, allowing them to purchase additional shares, with an expiration date set for November 18, 2025.
Subscription Details: Record Date Stockholders will receive one transferable subscription right for each share held, enabling them to buy one new share for every three rights they possess, with the estimated subscription price being $8.04 based on the Fund's net asset value.
Trading Information: The rights began trading on the NYSE under the ticker OPP RTWI on October 23, 2025, and will transition to regular trading under OPP RT on October 30, 2025.
Investment Risks: Investors are advised to consider the risks associated with investing in the Fund, including the potential for loss, and should review the prospectus supplement and accompanying prospectus when available.
