RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Capital and Income Fund, Inc. Announce Preferred Dividends
19 Luglio 2024 - 11:00PM
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 2024, as detailed
below.
Ex Date
Record Date
Payable Date
August 1, 2024
August 1, 2024
August 15, 2024
Fund Name
Preferred Stock Series
NYSE
Distribution Per Share
RiverNorth Opportunities Fund,
Inc.
6.000% Series A Perpetual Preferred
Stock
RIVPRA
$0.37500
RiverNorth/DoubleLine Strategic
Opportunity Fund, Inc.
4.375% Series A Cumulative Preferred
Stock
OPPPRA
$0.27344
RiverNorth/DoubleLine Strategic
Opportunity Fund, Inc.
4.750% Series B Cumulative Preferred
Stock
OPPPRB
$0.29688
RiverNorth Capital and Income Fund,
Inc.
5.875% Series A Term Preferred Stock
RMPL
$0.36719
RiverNorth Capital Management, LLC is an investment management
firm founded in 2000. With $5.0 billion1 in assets under management
as of June 30, 2024, RiverNorth specializes in opportunistic
investment strategies in niche markets where the potential to
exploit inefficiencies is greatest. RiverNorth is an institutional
investment manager to registered funds, private funds and
separately managed accounts.
The distributions were calculated based on the preferred shares
Liquidation Preference of $25.00 per share and most current
quarterly distribution rate per share of $0.37500 for the
RiverNorth Opportunities Fund, Inc.’s 6.00% Series A Perpetual
Preferred Stock, $0.27344 for the RiverNorth/DoubleLine Strategic
Opportunity Fund, Inc.’s 4.375% Series A Cumulative Preferred
Stock, $0.29688 for RiverNorth/DoubleLine Strategic Opportunity
Fund, Inc.’s 4.75% Series B Cumulative Preferred Stock, and
$0.36719 for the RiverNorth Capital and Income Fund, Inc.’s 5.875%
Series A Term Preferred Stock, respectively. Distributions may be
paid from sources of income other than ordinary income, such as net
realized short-term capital gains, net realized long-term capital
gains and return of capital. The actual amounts and sources of the
amounts for tax reporting purposes will depend upon each Fund’s
investment experience during the remainder of its fiscal year and
may be subject to changes based on tax regulations. If a
distribution includes anything other than net investment income,
the Fund provides a Section 19(a) notice of the best estimate of
its distribution sources at that time. These estimates may not
match the final tax characterization (for the full year’s
distributions) contained in shareholders’ 1099-DIV forms after the
end of the year.
This data is for information only and should not be construed as
an official tax form, nor should it be considered tax or investment
advice. RiverNorth is not a tax advisor and investors should
consult a tax professional for guidance regarding their specific
tax situation. Please consult your legal or tax advisor.
Investors should consider the Fund's investment objective,
risks, charges, and expenses carefully before investing. The
prospectus should be read carefully before investing. For more
information, please read the prospectus, call your financial
professional or call 844.569.4750.
Investing in the Fund involves certain risks, including loss
of principal, that are described in the "Risks" section of each
Prospectus.
Marketing services provided by ALPS Distributors Inc. ALPS and
RiverNorth are not affiliated.
1 Firm AUM reflects Managed Assets which includes the effects of
leverage and investments in affiliated funds.
RiverNorth® is a registered trademark of RiverNorth Capital
Management, LLC. DoubleLine® is a registered trademark of
DoubleLine Capital LP.
©2000-2024 RiverNorth Capital Management, LLC. All rights
reserved.
OPP000127
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RiverNorth CEF Investor Relations 800-646-0148, Option 1
CEF@rivernorth.com
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