RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Preliminary Results of Rights Offering
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP)
US:NYSE Investor Relations:
rivernorth.com/closed-end-funds/opp
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) is pleased to announce the preliminary results of its transferable rights offering (the “Offering”) which expired on December 10, 2019 (the “Expiration Date”). In the offering, the Fund received subscription requests for 2,371,081 shares of common stock from rights holders. Accordingly, the Fund expects to issue 2,371,081 new common shares for these subscriptions, pending the receipt of payment for “delivery-guaranteed” subscriptions, on or about December 17, 2019. Gross proceeds from the Offering are expected to total approximately $38.4 million, before expenses.The foregoing numbers are estimates only. The Fund will announce the final results of the Rights Offering in a press release on or about December 13, 2019.The Offering’s final subscription price was determined to be $16.21 per share. The subscription price was established by the Fund’s Board of Directors pursuant to t
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OPP
Sec Filings
- 5/6/24 - Form SC
- 3/8/24 - Form N-CSRS
- 2/29/24 - Form NPORT-P
- OPP's page on the SEC website