RiverNorth/DoubleLine Strategic Option Fund, Inc. and RiverNorth Specialty Finance Corporation Announce Chosen Dividends
RiverNorth/DoubleLine Strategic Chance Fund, Inc. and RiverNorth Specialty Finance Corporation are each individual pleased to announce the declaration of most well-liked dividends for the 1st quarter of 2021, as thorough below.
The Board of Administrators of RiverNorth/DoubleLine Strategic Prospect Fund, Inc. has declared a quarterly income dividend of $.27344 for each share of the Fund’s 4.375% Sequence A Cumulative Chosen Inventory (NYSE: OPPPRA).
The Board of Administrators of RiverNorth Specialty Finance Corporation has declared a quarterly cash dividend of $.36719 for every share of the Fund’s 5.875% Series A Term Desired Inventory (NYSE: RPML).
The adhering to dates utilize to each dividend declared:
February 1, 2021
February 2, 2021
February 16, 2021
RiverNorth Funds Administration, LLC is an investment management firm launched in 2000. With $4.4 billion1 in belongings under management as of December 31, 2020, RiverNorth specializes in opportunistic expense techniques in area of interest markets the place the likely to exploit inefficiencies is biggest. RiverNorth is an institutional expenditure manager to registered money, private funds and independently managed accounts.
The distributions ended up calculated primarily based on the chosen shares Liquidation Preference of $25.00 for every share and most present-day quarterly distribution fee per share of $.27344 for RiverNorth/DoubleLine Strategic Option Fund, Inc.’s 4.375% Sequence A Cumulative Desired Inventory, and $.36719 for RiverNorth Specialty Finance Corporation’s 5.875% Collection A Phrase Preferred Stock, respectively. Distributions might be compensated from sources of income other than normal income, such as web recognized shorter-time period funds gains, web recognized prolonged-expression funds gains and return of money. The precise quantities and sources of the amounts for tax reporting applications will rely upon each and every Fund’s financial commitment encounter through the remainder of its fiscal 12 months and could be subject to modifications centered on tax polices. If a distribution includes everything other than internet expense earnings, the Fund gives a Part 19(a) discover of the finest estimate of its distribution resources at that time. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV kinds following the stop of the calendar year.
This facts is for details only and need to not be construed as an formal tax sort, nor should really it be viewed as tax or investment decision assistance. RiverNorth is not a tax advisor and investors ought to seek advice from a tax specialist for guidance relating to their distinct tax scenario. Be sure to consult your legal or tax advisor.
Investors need to contemplate the Fund’s investment decision aim, hazards, expenses and expenses carefully prior to investing. The prospectus ought to be read carefully before investing. For a lot more information, remember to browse the prospectus, call your money skilled or get in touch with 844.569.4750.
Investing in the Fund consists of specific dangers, which include reduction of basic principle, that are described in the “Risks” section of every single Prospectus.
1 Business AUM demonstrates Managed Property which includes the effects of leverage and investments in affiliated resources.
RiverNorth® is a registered trademark of RiverNorth Money Management, LLC.
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Investor Get in touch with
Chris Lakumb, CFA, CAIA
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