RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Corporation Announce Preferred Dividends | Business
WEST PALM Seashore, Fla.–(Small business WIRE)–Apr 20, 2022–
RiverNorth/DoubleLine Strategic Prospect Fund, Inc. and RiverNorth Specialty Finance Corporation are each and every happy to announce the declaration of desired dividends for the 2nd quarter of 2022, as in-depth down below.
|
Ex Day |
File Date |
Payable Date |
|
May perhaps 2, 2022 |
May 3, 2022 |
Might 16, 2022 |
|
Fund Title |
Preferred Stock Series |
NYSE |
Distribution For every Share |
|
RiverNorth/DoubleLine Strategic Prospect Fund, Inc. |
4.375% Collection A Cumulative Most well-liked Stock |
OPPPRA |
$.27344 |
|
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. |
4.75% Collection B Cumulative Chosen Stock |
OPPPRB |
$.29688 |
|
RiverNorth Specialty Finance Company |
5.875% Series A Phrase Chosen Stock |
RMPL |
$.36719 |
About RiverNorth
RiverNorth Cash Management, LLC is an financial investment management firm founded in 2000. With $5.9 billion 1 in belongings under management as of February 28, 2022, RiverNorth specializes in opportunistic financial commitment approaches in niche marketplaces where by the prospective to exploit inefficiencies is biggest. RiverNorth is an institutional expense supervisor to registered money, non-public cash and independently managed accounts.
The distributions have been calculated based mostly on the chosen shares Liquidation Desire of $25.00 for each share and most present-day quarterly distribution fee for each share of $.27344 for RiverNorth/DoubleLine Strategic Possibility Fund, Inc.’s 4.375% Collection A Cumulative Preferred Inventory, $.29688 for RiverNorth/DoubleLine Strategic Prospect Fund, Inc.’s 4.75% Series B Cumulative Most well-liked Stock, and $.36719 for RiverNorth Specialty Finance Corporation’s 5.875% Collection A Time period Most popular Stock, respectively. Distributions may possibly be paid from resources of earnings other than everyday money, these types of as web realized short-phrase cash gains, internet understood long-expression capital gains and return of funds. The genuine amounts and sources of the amounts for tax reporting applications will rely on each and every Fund’s financial investment encounter through the remainder of its fiscal 12 months and may possibly be topic to modifications primarily based on tax laws. If a distribution consists of nearly anything other than internet investment decision money, the Fund presents a Part 19(a) observe of the very best estimate of its distribution resources at that time. These estimates may well not match the closing tax characterization (for the total year’s distributions) contained in shareholders’ 1099-DIV kinds immediately after the end of the calendar year.
This facts is for facts only and ought to not be construed as an formal tax form, nor must it be regarded tax or financial commitment tips. RiverNorth is not a tax advisor and buyers ought to talk to a tax expert for advice with regards to their distinct tax circumstance. Please seek advice from your lawful or tax advisor.
Buyers must take into account the Fund’s expenditure goal, risks, fees and expenses diligently prior to investing. The prospectus really should be study very carefully prior to investing. For more information and facts, remember to read through the prospectus, simply call your financial expert or phone 844.569.4750.
Investing in the Fund involves selected pitfalls, like reduction of principal, that are explained in the “Threats” area of every Prospectus.
Member Business ALPS Distributors Inc. ALPS and RiverNorth are not affiliated.
1Company AUM reflects Managed Assets which incorporates the outcomes of leverage and investments in affiliated money.
RiverNorth® is a registered trademark of RiverNorth Capital Administration, LLC. DoubleLine® is a registered trademark of DoubleLine Money LP.
©2000-2022 RiverNorth Cash Administration, LLC. All legal rights reserved.
OPP000113
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Make contact with: Investor Call
Chris Lakumb, CFA, CAIA
312.445.2336
Search phrase: FLORIDA UNITED STATES NORTH The us
Industry Keyword: BANKING Skilled Expert services FINANCE
Resource: RiverNorth Cash Administration, LLC
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PUB: 04/20/2022 04:30 PM/DISC: 04/20/2022 04:32 PM
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