RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Preliminary Results of Rights Offering [Yahoo! Finance]
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP)
US:NYSE Investor Relations:
rivernorth.com/closed-end-funds/opp
Company Research
Source: Yahoo! Finance
Fund, Inc. (the "Fund") (NYSE: OPP) today announced the preliminary results of its transferable rights offering (the "Offering") that expired on November 18, 2025 (the "Expiration Date"). In the Offering, the Fund received subscription requests for 1,180,525 shares of common stock from rights holders. Accordingly, the Fund expects to issue 1,180,525 new shares of common stock for these subscriptions, pending the receipt of payment for "delivery guaranteed" subscriptions, on or about November 24, 2025. Gross proceeds from the Offering are expected to total approximately $9.4 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 November 20, 2025. The Offering's final subscription price per share was determined to be $7.94. The subscription price was established pursuant to the terms of the Offering and based on a formula equal to 90% of the Fund's reported net asset value ("
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News
- RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Rights Offering [Yahoo! Finance]Yahoo! Finance
- RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Rights OfferingBusiness Wire
- RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Preliminary Results of Rights OfferingBusiness Wire
- OPP: The Fund Is Paying Out More Than It Earns (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Update: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Transferable Rights Offering [Yahoo! Finance]Yahoo! Finance
OPP
Sec Filings
- 12/1/25 - Form 4
- 11/26/25 - Form NPORT-P
- 11/20/25 - Form 497AD
- OPP's page on the SEC website