RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Corporation Announce Preferred Dividends | National Business

WEST PALM Beach, Fla.–(Enterprise WIRE)–Apr 20, 2022–

RiverNorth/DoubleLine Strategic Chance Fund, Inc. and RiverNorth Specialty Finance Corporation are every single pleased to announce the declaration of favored dividends for the second quarter of 2022, as specific underneath.

About RiverNorth

RiverNorth Cash Management, LLC is an financial investment management company founded in 2000. With $5.9 billion 1 in assets less than administration as of February 28, 2022, RiverNorth specializes in opportunistic investment methods in area of interest markets exactly where the possible to exploit inefficiencies is greatest. RiverNorth is an institutional investment decision manager to registered funds, private money and independently managed accounts.

The distributions were calculated based on the favored shares Liquidation Desire of $25.00 for each share and most current quarterly distribution price per share of $.27344 for RiverNorth/DoubleLine Strategic Option Fund, Inc.’s 4.375% Collection A Cumulative Chosen Inventory, $.29688 for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.’s 4.75% Series B Cumulative Preferred Inventory, and $.36719 for RiverNorth Specialty Finance Corporation’s 5.875% Collection A Phrase Most well-liked Stock, respectively. Distributions may well be paid from resources of income other than regular profits, such as web realized limited-term cash gains, net realized prolonged-term money gains and return of funds. The true quantities and resources of the amounts for tax reporting purposes will rely on each and every Fund’s investment working experience during the remainder of its fiscal yr and may perhaps be matter to modifications based mostly on tax restrictions. If a distribution involves nearly anything other than web financial investment profits, the Fund delivers a Portion 19(a) detect of the most effective estimate of its distribution sources at that time. These estimates may well not match the final tax characterization (for the comprehensive year’s distributions) contained in shareholders’ 1099-DIV forms following the conclude of the 12 months.

This details is for details only and need to not be construed as an formal tax form, nor ought to it be regarded as tax or financial commitment suggestions. RiverNorth is not a tax advisor and investors ought to check with a tax expert for guidance relating to their distinct tax situation. You should talk to your authorized or tax advisor.

Investors must consider the Fund’s expenditure objective, threats, charges and expenses carefully just before investing. The prospectus ought to be examine carefully right before investing. For more information and facts, make sure you read the prospectus, phone your economical specialist or get in touch with 844.569.4750.

Investing in the Fund requires sure challenges, which includes decline of principal, that are described in the “Dangers” area of every Prospectus.

Member Firm ALPS Distributors Inc. ALPS and RiverNorth are not affiliated.

1Firm AUM demonstrates Managed Property which consists of the effects of leverage and investments in affiliated funds.

RiverNorth® is a registered trademark of RiverNorth Capital Management, LLC. DoubleLine® is a registered trademark of DoubleLine Cash LP.

©2000-2022 RiverNorth Capital Administration, LLC. All rights reserved.

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PUB: 04/20/2022 04:30 PM/DISC: 04/20/2022 04:32 PM

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