Rivernorth/Doubleline Price, Forecast, Insider, Ratings, Fundamentals & Signals

West palm beach, fla.--(business wire)--rivernorth opportunities fund, inc., rivernorth/doubleline strategic opportunity fund, inc. and rivernorth capital and income fund, inc. are each pleased to announce the declaration of preferred dividends for the second quarter of 2024, as detailed below. ex date record date payable date may 1, 2024 may 2, 2024 may 15, 2024 fund name preferred stock series nyse distribution per share rivernorth opportunities fund, inc. 6.000% series a perpetual preferred.

West palm beach, fla.--(business wire)--in accordance with the rivernorth closed-end funds (the “funds”) level distribution policies, the funds have declared distributions for april, may and june 2024, as detailed below. ex date record date payable date april 12, 2024 april 15, 2024 april 30, 2024 may 14, 2024 may 15, 2024 may 31, 2024 june 14, 2024 june 14, 2024 june 28, 2024 tax-exempt distributions1 fund name ticker distribution per share net asset value (nav) as of 3/28/2024 annualized curr.

West palm beach, fla.--(business wire)--in accordance with the rivernorth closed-end funds (the “funds”) level distribution policies, the distribution rates have been reset for the calendar year 2024, as detailed below. further, the funds have declared distributions for january, february, and march 2024. ex date record date payable date january 12, 2024 january 16, 2024 january 31, 2024 february 14, 2024 february 15, 2024 february 29, 2024 march 14, 2024 march 15, 2024 march 28, 2024 tax-exempt.

West palm beach, fla.--(business wire)--rivernorth opportunities fund, inc., rivernorth/doubleline strategic opportunity fund, inc. and rivernorth capital and income fund, inc. are each pleased to announce the declaration of preferred dividends for the third quarter of 2023, as detailed below.

West palm beach, fla.--(business wire)--the rivernorth closed-end funds (the “funds”) have declared monthly distributions for july, august and september 2023 in accordance with each fund's level distribution policy. details below. ex date record date payable date july 13, 2023 july 14, 2023 july 31, 2023 august 14, 2023 august 15, 2023 august 31, 2023 september 14, 2023 september 15, 2023 september 29, 2023 tax-exempt distributions1 fund name ticker distribution per share change from prior dist.

The RiverNorth/DoubleLine Strategic Opportunity Fund has a high yield of 14.36%, which is higher than peers and makes it attractive to income-focused investors. 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 RiverNorth/DoubleLine Strategic Opportunity Fund offers a high level of current income with a 15.22% yield, but there are concerns it may have to reduce its distribution in the future. The fund's recent performance has been reasonable, but it has underperformed the S&P 500 Index. The fund's portfolio is managed by RiverNorth and DoubleLine, and it invests in a combination of traditional bonds and non-traditional assets like closed-end funds and business development companies.

RiverNorth/DoubleLine Strategic Opportunity Fund offers a high current yield of 15.13%, substantially higher than other options in the market. The fund's performance has remained relatively stable despite the market's incorrect expectation of a rate cut by the Federal Reserve. The fund's portfolio is heavily weighted towards fixed-rate bonds, positioning it well to benefit from a decline in interest rates. However, the sustainability of its distribution is questionable as it relies on new investors to fund distributions.

Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptionally cheap, with discounts wider than 99% of historical observations. The risk-reward in the taxable bond CEF space is on the downside, while the upside potential in municipal CEFs is significant, but dependent on a shift in Fed policy and inflation.

The RiverNorth/DoubleLine Strategic Opportunity Fund (OPP fund) is not recommended for investors due to its inability to sustain its high distribution yield of 14.3%. The OPP fund, which combines strategies from RiverNorth Capital and DoubleLine Capital, has earned an average annual return of -0.2% over the past five years. Despite its high distribution payout, the fund's sustainability is questionable as it heavily relies on return of capital to fund its distributions.

Investors are desperate for income to maintain their standard of living in today's incredibly high inflation. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. invests in a portfolio of fixed-income and other high-yielding assets and employs leverage to give investors an incredibly high yield.

1 out of 22 CEF sectors positive on price and 0 out of 22 sectors positive on NAV last week. Senior loans lead while real estate lags.

We take a look at the action in preferreds and baby bonds through the first week of January and highlight some of the key themes we are watching. Preferreds had a terrific start to the year, supported by lower Treasury yields and higher stocks.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. invests its assets in three tactical silos that include both other closed-end funds and fixed-income assets. The closed-end fund is invested in some floating-rate loans that should hold their value in the face of rising rates.

12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.