OPP: Not The Best Time To Buy, Despite The Sizable Discount [Seeking Alpha]
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP)
US:NYSE Investor Relations:
rivernorth.com/closed-end-funds/opp
Company Research
Source: Seeking Alpha
The OPP closed-end fund's recent performance has been strong, with a 4.10% increase in share price since December 2023, outperforming bond indices. The fund's distribution has been declining, and it has failed to cover its distribution year-to-date. The Fed might not be able to reduce interest rates this year, as financial conditions are still very loose, which could cause problems given this fund's asset allocation. The OPP fund is trading at an enormous discount, but the risks here are higher than they seem. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The RiverNorth/DoubleLine Strategic Opportunity Fund OPP ) is a rather unique closed-end fund aka CEF that income-hungry investors can employ in their efforts to achieve their goals. The fund does very well in this respect, as it currently boasts a massive 14.36% yield, despite a recent distribution cut. Indeed, this y
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Sec Filings
- 3/8/24 - Form N-CSRS
- 2/29/24 - Form NPORT-P
- 2/9/24 - Form SC
- OPP's page on the SEC website