RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 6.00% Series C Term Preferred Stock
OPP-PC
New York Stock Exchange10.28
USD
+0.06
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RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 6.00% Series C Term Preferred Stock
OPP-PC
(New York Stock Exchange)
Recent
price
10.28
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) is a closed-end fixed income fund managed by RiverNorth Capital Management, LLC with co-management by DoubleLine Capital, LP, focused on providing current income and total return to investors through a diversified portfolio of fixed income securities and related credit assets. The fund allocates assets across three principal strategies—Tactical Closed-End Fund Income, Core Fixed Income, and Opportunistic Income—driven by market conditions and implemented through RiverNorth’s Tactical CEF Income and Core Fixed Income/Opportunistic Income approaches (with DoubleLine handling the Opportunistic Income strategy) to seek income, yield enhancement, and capital appreciation in varying interest-rate and credit cycles [OPP investment mandate; strategy allocation; co-management structure]. The fund targets investment-grade and below-investment-grade fixed income instruments across maturities, including asset-backed and other credit-related securities, leveraging RiverNorth’s platform for asset sourcing and risk oversight and DoubleLine’s fixed income expertise for credit selection and duration management, with an objective to outperform a broad bond benchmark over time while preserving capital on downside risk [OPP investment mandate; strategy descriptions; manager roles]. Founding year and domicile OPP is organized as a United States-domiciled closed-end fund established in 2010, with its principal place of business in the United States, and is listed for public trading in North American markets, providing investors with access to a diversified fixed income sleeve and structured credit opportunities through its multi-manager framework [founding year; domicile; listing context]. Geographic reach and operations The fund conducts its operations and offerings primarily in the United States, with marketing and shareholder communications targeted to U.S. investors, while trading activity and portfolio investments span domestic and international fixed income instruments as opportunities arise within its stated strategies, and the investment adviser and sub-advisers coordinate across multiple fixed income markets to implement strategy allocations [geographic footprint; client base; investment reach]. Subsidiaries and relationships RiverNorth Capital Management, LLC serves as the primary investment adviser coordinating asset allocation across three core strategies, while DoubleLine Capital LP serves as the sub-adviser responsible for the Opportunistic Income Strategy, creating a two-manager structure designed to integrate Tactical Closed-End Fund Income and Core Fixed Income with Opportunistic credit opportunities; RiverNorth retains overall portfolio oversight and strategic allocation decisions, including determining asset distribution among the three strategies based on market conditions [advisory structure; roles of RiverNorth and DoubleLine]. Recent developments and changes OPP’s recent activity includes continued announcements of distribution declarations and operational updates reflecting ongoing fund management and shareholder value creation; the fund has engaged in strategic actions and regulatory filings typical for closed-end funds, highlighting ongoing partnership arrangements between RiverNorth and DoubleLine, stance on leverage policy, and potential adjustments to strategy allocations in response to market conditions; these actions illustrate the fund’s continued focus on income generation, credit opportunities, and asset diversification within its three-strategy framework while preserving liquidity and meeting distribution expectations for shareholders [latest changes; partnerships; disclosures; distribution activity]. Industry and market positioning OPP operates within the closed-end fund segment of the fixed income market, leveraging RiverNorth’s expertise in Tactical CEF Income and Alternative Credit strategies alongside DoubleLine’s strength in credit and income-focused mandates, positioning itself to attract income-seeking investors and those seeking diversified fixed income exposure through a multi-manager platform that can dynamically allocate capital to Tactical, Core, and Opportunistic credit opportunities across varying market cycles [industry positioning; product framework; competitive differentiators]. Parent and affiliate relationships OPP sits within RiverNorth Capital Management’s family of closed-end funds and related investment products, benefiting from RiverNorth’s platform for fund management, research, and distribution, and from DoubleLine Capital’s established fixed income capabilities as a sub-adviser to enhance credit selection and risk management across the portfolio; this structure supports coordinated risk oversight, enhanced yield opportunities, and broad market access for investors [parent/affiliates; governance and collaboration].