CHICAGO–(Enterprise WIRE)–Jan 21, 2021–
RiverNorth/DoubleLine Strategic Possibility Fund, Inc. and RiverNorth Specialty Finance Company are each and every happy to announce the declaration of favored dividends for the very first quarter of 2021, as comprehensive down below.
The Board of Directors of RiverNorth/DoubleLine Strategic Possibility Fund, Inc. has declared a quarterly money dividend of $.27344 per share of the Fund’s 4.375% Sequence A Cumulative Desired Inventory (NYSE: OPPPRA).
The Board of Directors of RiverNorth Specialty Finance Company has declared a quarterly money dividend of $.36719 for every share of the Fund’s 5.875% Collection A Time period Most popular Stock (NYSE: RPML).
The subsequent dates utilize to every single dividend declared:
February 1, 2021
February 2, 2021
February 16, 2021
RiverNorth Money Management, LLC is an expenditure administration company started in 2000. With $4.4 billion 1 in belongings below management as of December 31, 2020, RiverNorth specializes in opportunistic investment strategies in market marketplaces the place the prospective to exploit inefficiencies is best. RiverNorth is an institutional investment supervisor to registered cash, non-public cash and individually managed accounts.
The distributions ended up calculated primarily based on the preferred shares Liquidation Preference of $25.00 for every share and most existing quarterly distribution rate for each share of $.27344 for RiverNorth/DoubleLine Strategic Possibility Fund, Inc.’s 4.375% Collection A Cumulative Preferred Stock, and $.36719 for RiverNorth Specialty Finance Corporation’s 5.875% Collection A Term Most popular Stock, respectively. Distributions may well be compensated from resources of profits other than normal revenue, this kind of as internet recognized brief-time period cash gains, net realized extensive-phrase capital gains and return of money. The true quantities and sources of the quantities for tax reporting purposes will count upon every Fund’s investment encounter throughout the remainder of its fiscal 12 months and may perhaps be matter to modifications based mostly on tax restrictions. If a distribution contains anything at all other than web expense earnings, the Fund supplies a Section 19(a) discover of the best estimate of its distribution resources at that time. These estimates could not match the final tax characterization (for the whole year’s distributions) contained in shareholders’ 1099-DIV varieties soon after the close of the yr.
This info is for data only and need to not be construed as an formal tax kind, nor need to it be regarded tax or investment tips. RiverNorth is not a tax advisor and investors should consult a tax qualified for guidance regarding their unique tax scenario. Remember to consult with your lawful or tax advisor.
Investors should really think about the Fund’s investment objective, threats, charges and fees thoroughly ahead of investing. The prospectus must be study very carefully just before investing. For additional details, be sure to examine the prospectus, call your financial experienced or call 844.569.4750.
Investing in the Fund involves certain risks, together with decline of theory, that are explained in the “Risks” segment of each Prospectus.
1Organization AUM displays Managed Assets which includes the consequences of leverage and investments in affiliated resources.
RiverNorth® is a registered trademark of RiverNorth Capital Management, LLC.
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Get hold of: Trader Contact
Chris Lakumb, CFA, CAIA
Key word: ILLINOIS UNITED STATES NORTH The us
Marketplace Search term: Specialist Products and services FINANCE
Source: RiverNorth Money Administration, LLC
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PUB: 01/21/2021 05:32 PM/DISC: 01/21/2021 05:32 PM