RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Corporation Announce Preferred Dividends | National Business
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WEST PALM Beach front, Fla.–(Business WIRE)–Apr 20, 2022–
RiverNorth/DoubleLine Strategic Possibility Fund, Inc. and RiverNorth Specialty Finance Corporation are every pleased to announce the declaration of most well-liked dividends for the next quarter of 2022, as in-depth down below.
|
Ex Date |
History Day |
Payable Day |
|
Might 2, 2022 |
May perhaps 3, 2022 |
Might 16, 2022 |
|
Fund Title |
Most well-liked Inventory Sequence |
NYSE |
Distribution For every Share |
|
RiverNorth/DoubleLine Strategic Option Fund, Inc. |
4.375% Sequence A Cumulative Favored Stock |
OPPPRA |
$.27344 |
|
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. |
4.75% Series B Cumulative Preferred Stock |
OPPPRB |
$.29688 |
|
RiverNorth Specialty Finance Corporation |
5.875% Collection A Term Favored Stock |
RMPL |
$.36719 |
About RiverNorth
RiverNorth Cash Administration, LLC is an financial commitment administration business launched in 2000. With $5.9 billion 1 in property underneath administration as of February 28, 2022, RiverNorth specializes in opportunistic investment strategies in market markets wherever the opportunity to exploit inefficiencies is biggest. RiverNorth is an institutional investment decision manager to registered resources, non-public resources and independently managed accounts.
The distributions were being calculated centered on the most well-liked shares Liquidation Desire of $25.00 for each share and most recent quarterly distribution amount for every share of $.27344 for RiverNorth/DoubleLine Strategic Option Fund, Inc.’s 4.375% Series A Cumulative Favored Inventory, $.29688 for RiverNorth/DoubleLine Strategic Option Fund, Inc.’s 4.75% Collection B Cumulative Most popular Inventory, and $.36719 for RiverNorth Specialty Finance Corporation’s 5.875% Series A Phrase Preferred Stock, respectively. Distributions might be paid from resources of income other than regular income, these kinds of as web realized small-phrase funds gains, net recognized lengthy-term capital gains and return of funds. The precise amounts and resources of the amounts for tax reporting purposes will count upon every Fund’s financial commitment expertise during the remainder of its fiscal calendar year and might be issue to improvements centered on tax laws. If a distribution features just about anything other than net expenditure money, the Fund offers a Segment 19(a) discover of the very best estimate of its distribution resources at that time. These estimates may perhaps not match the last tax characterization (for the comprehensive year’s distributions) contained in shareholders’ 1099-DIV sorts just after the finish of the year.
This information is for details only and should really not be construed as an official tax kind, nor should it be viewed as tax or expenditure information. RiverNorth is not a tax advisor and traders need to talk to a tax qualified for assistance regarding their precise tax scenario. Be sure to check with your legal or tax advisor.
Traders really should look at the Fund’s financial investment objective, dangers, costs and costs meticulously just before investing. The prospectus ought to be go through diligently right before investing. For much more info, make sure you go through the prospectus, phone your economical skilled or connect with 844.569.4750.
Investing in the Fund consists of selected hazards, such as loss of principal, that are explained in the “Challenges” area of each individual Prospectus.
Member Organization ALPS Distributors Inc. ALPS and RiverNorth are not affiliated.
1Company AUM demonstrates Managed Assets which contains the outcomes of leverage and investments in affiliated money.
RiverNorth® is a registered trademark of RiverNorth Funds Management, LLC. DoubleLine® is a registered trademark of DoubleLine Capital LP.
©2000-2022 RiverNorth Capital Management, LLC. All rights reserved.
OPP000113
See supply edition on businesswire.com:https://www.businesswire.com/information/residence/20220420006115/en/
Contact: Investor Get hold of
Chris Lakumb, CFA, CAIA
312.445.2336
Key word: FLORIDA UNITED STATES NORTH The usa
Marketplace Key phrase: BANKING Experienced Solutions FINANCE
Resource: RiverNorth Capital Administration, LLC
Copyright Small business Wire 2022.
PUB: 04/20/2022 04:30 PM/DISC: 04/20/2022 04:32 PM
http://www.businesswire.com/information/residence/20220420006115/en
Copyright Company Wire 2022.
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