RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Company Announce Preferred Dividends | 2021-01-21 | Press Releases

RiverNorth/DoubleLine Strategic Prospect Fund, Inc. and RiverNorth Specialty Finance Company are each and every pleased…

RiverNorth/DoubleLine Strategic Prospect Fund, Inc. and RiverNorth Specialty Finance Company are each and every pleased to announce the declaration of preferred dividends for the very first quarter of 2021, as detailed down below.

The Board of Administrators of RiverNorth/DoubleLine Strategic Prospect Fund, Inc. has declared a quarterly money dividend of $.27344 per share of the Fund&CloseCurlyQuotes 4.375% Series A Cumulative Most popular Inventory (NYSE: OPPPRA).

The Board of Directors of RiverNorth Specialty Finance Corporation has declared a quarterly dollars dividend of $.36719 per share of the Fund&CloseCurlyQuotes 5.875% Series A Expression Most well-liked Inventory (NYSE: RPML).

The next dates utilize to each and every dividend declared:

Ex Day

File Day

Payable Day

February 1, 2021

February 2, 2021

February 16, 2021

About RiverNorth

RiverNorth Money Management, LLC is an investment management company founded in 2000. With $4.4 billion 1 in property underneath administration as of December 31, 2020, RiverNorth specializes in opportunistic expense approaches in specialized niche marketplaces in which the probable to exploit inefficiencies is biggest. RiverNorth is an institutional financial investment manager to registered resources, private money and separately managed accounts.

The distributions were calculated dependent on the preferred shares Liquidation Preference of $25.00 for every share and most recent quarterly distribution charge per share of $.27344 for RiverNorth/DoubleLine Strategic Prospect Fund, Inc.&CloseCurlyQuotes 4.375% Collection A Cumulative Most well-liked Stock, and $.36719 for RiverNorth Specialty Finance Corporation&CloseCurlyQuotes 5.875% Sequence A Term Chosen Inventory, respectively. Distributions may perhaps be paid out from sources of money other than normal profits, these kinds of as web recognized small-time period money gains, net understood prolonged-time period capital gains and return of cash. The real quantities and sources of the quantities for tax reporting needs will rely upon just about every Fund&CloseCurlyQuotes financial investment knowledge during the remainder of its fiscal calendar year and could be subject to adjustments dependent on tax laws. If a distribution involves anything at all other than internet financial investment earnings, the Fund delivers a Part 19(a) see of the best estimate of its distribution sources at that time. These estimates might not match the ultimate tax characterization (for the complete yr&CloseCurlyQuotes distributions) contained in shareholders&CloseCurlyQuote 1099-DIV sorts right after the finish of the yr.

This facts is for information and facts only and need to not be construed as an formal tax kind, nor really should it be deemed tax or investment decision advice. RiverNorth is not a tax advisor and investors should check with a tax expert for advice with regards to their unique tax situation. Make sure you seek advice from your legal or tax advisor.

Investors ought to take into account the Fund’s expenditure goal, dangers, expenses and charges cautiously just before investing. The prospectus need to be browse carefully before investing. For a lot more info, be sure to study the prospectus, call your money specialist or get in touch with 844.569.4750.

Investing in the Fund consists of particular challenges, such as loss of theory, that are described in the “Pitfalls” segment of every Prospectus.

1 Firm AUM demonstrates Managed Assets which contains the results of leverage and investments in affiliated money.

RiverNorth&circledR is a registered trademark of RiverNorth Capital Administration, LLC.

©2000-2021 RiverNorth Funds Administration, LLC. All rights reserved.

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Chris Lakumb, CFA, CAIA

312.445.2336

[email protected]