CHICAGO–(Company WIRE)–RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Corporation are every pleased to announce the declaration of most well-liked dividends for the very first quarter of 2021, as in-depth down below.
The Board of Administrators of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has declared a quarterly dollars dividend of $.27344 per share of the Fund’s 4.375% Sequence A Cumulative Chosen Inventory (NYSE: OPPPRA).
The Board of Directors of RiverNorth Specialty Finance Corporation has declared a quarterly money dividend of $.36719 for every share of the Fund’s 5.875% Sequence A Phrase Desired Stock (NYSE: RPML).
The subsequent dates use to each and every dividend declared:
|
Ex Date |
Record Day |
Payable Date |
|
February 1, 2021 |
February 2, 2021 |
February 16, 2021 |
About RiverNorth
RiverNorth Funds Administration, LLC is an investment administration firm founded in 2000. With $4.4 billion1 in property less than administration as of December 31, 2020, RiverNorth specializes in opportunistic investment methods in specialized niche markets where the probable to exploit inefficiencies is greatest. RiverNorth is an institutional investment manager to registered resources, private resources and individually managed accounts.
The distributions ended up calculated dependent on the desired shares Liquidation Desire of $25.00 per share and most present quarterly distribution rate for every share of $.27344 for RiverNorth/DoubleLine Strategic Option Fund, Inc.’s 4.375% Sequence A Cumulative Preferred Stock, and $.36719 for RiverNorth Specialty Finance Corporation’s 5.875% Collection A Expression Desired Stock, respectively. Distributions could be compensated from resources of revenue other than standard income, this sort of as web understood shorter-time period capital gains, net understood lengthy-term cash gains and return of funds. The precise amounts and resources of the amounts for tax reporting needs will count on each and every Fund’s investment expertise during the remainder of its fiscal calendar year and may well be subject to changes centered on tax polices. If a distribution contains something other than web financial investment cash flow, the Fund gives a Section 19(a) discover of the best estimate of its distribution sources at that time. These estimates could not match the closing tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms following the conclude of the calendar year.
This knowledge is for information only and need to not be construed as an formal tax sort, nor must it be thought of tax or investment suggestions. RiverNorth is not a tax advisor and traders need to consult a tax expert for steerage relating to their particular tax scenario. Make sure you talk to your lawful or tax advisor.
Investors should take into consideration the Fund’s expenditure objective, risks, charges and bills thoroughly just before investing. The prospectus need to be read cautiously just before investing. For far more information, you should study the prospectus, get in touch with your economic qualified or connect with 844.569.4750.
Investing in the Fund entails certain hazards, such as decline of principle, that are explained in the “Threats” section of every Prospectus.
1Firm AUM displays Managed Property which involves the results of leverage and investments in affiliated cash.
RiverNorth® is a registered trademark of RiverNorth Funds Management, LLC.
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