RiverNorth/DoubleLine Strategic Chance Fund, Inc. and RiverNorth Specialty Finance Corporation Announce Preferred Dividends

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Company are each and every delighted to announce the declaration of desired dividends for the first quarter of 2021, as thorough under.

The Board of Directors of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has declared a quarterly hard cash dividend of $.27344 for each share of the Fund’s 4.375% Collection A Cumulative Most well-liked Stock (NYSE:OPPPRA).

The Board of Directors of RiverNorth Specialty Finance Corporation has declared a quarterly dollars dividend of $.36719 for each share of the Fund’s 5.875% Sequence A Term Desired Inventory (NYSE:RPML).

The adhering to dates utilize to each and every dividend declared:

Ex Day

File Date

Payable Day

February 1, 2021

February 2, 2021

February 16, 2021

About RiverNorth

RiverNorth Funds Management, LLC is an investment administration firm launched in 2000. With $4.4 billion1 in assets underneath management as of December 31, 2020, RiverNorth specializes in opportunistic investment strategies in specialized niche markets wherever the potential to exploit inefficiencies is best. RiverNorth is an institutional financial commitment manager to registered funds, personal resources and separately managed accounts.

The distributions ended up calculated based on the preferred shares Liquidation Desire of $25.00 for every share and most latest quarterly distribution amount per share of $.27344 for RiverNorth/DoubleLine Strategic Option Fund, Inc.’s 4.375% Sequence A Cumulative Preferred Inventory, and $.36719 for RiverNorth Specialty Finance Corporation’s 5.875% Sequence A Term Desired Inventory, respectively. Distributions may well be paid from sources of money other than regular money, these types of as net realized limited-term money gains, web realized extensive-time period money gains and return of money. The true quantities and resources of the quantities for tax reporting uses will depend upon just about every Fund’s investment encounter throughout the remainder of its fiscal yr and may possibly be subject matter to variations primarily based on tax polices. If a distribution involves nearly anything other than net investment decision revenue, the Fund offers a Part 19(a) see of the most effective estimate of its distribution resources at that time. These estimates may not match the final tax characterization (for the complete year’s distributions) contained in shareholders’ 1099-DIV sorts just after the close of the calendar year.

This info is for facts only and should not be construed as an formal tax variety, nor ought to it be considered tax or expenditure guidance. RiverNorth is not a tax advisor and investors must consult a tax experienced for direction with regards to their distinct tax predicament. Make sure you check with your authorized or tax advisor.

Investors ought to look at the Fund’s expenditure goal, risks, costs and charges thoroughly in advance of investing. The prospectus really should be study diligently in advance of investing. For extra information, you should examine the prospectus, contact your money qualified or call 844.569.4750.

Investing in the Fund entails selected threats, including loss of theory, that are described in the “Hazards” portion of every Prospectus.

1Agency AUM displays Managed Property which involves the outcomes of leverage and investments in affiliated money.

RiverNorth® is a registered trademark of RiverNorth Money Administration, LLC.

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