RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP)

Frequently Asked Questions About RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP)

Can dividends from OPP be reinvested?

Yes, dividends distributed by RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. can typically be reinvested through a Dividend Reinvestment Plan (DRIP). This allows shareholders to automatically reinvest their dividends into additional shares of the fund, potentially compounding their investment over time without incurring additional transaction costs.

Does OPP use leverage in its investment strategy?

Yes, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. employs leverage as part of its investment strategy. Leverage involves borrowing funds to increase the size of the investment portfolio, which can magnify both returns and losses. The fund’s management seeks to use leverage judiciously to enhance performance while managing related risks.

How can investors purchase shares of OPP?

Investors can purchase shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) through a brokerage account, much like purchasing shares of any other publicly traded stock. Shares can be bought and sold on the New York Stock Exchange during trading hours, and investors should ensure they have sufficient funds in their accounts and understand the costs involved.

How does OPP distribute dividends to its shareholders?

OPP distributes dividends to its shareholders on a regular basis, typically monthly or quarterly. The distribution amount can vary based on the fund’s earnings, performance, and cash flow. The fund aims to maintain a steady dividend payout to provide income to its investors while also pursuing capital gains.

How does OPP handle market volatility?

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. employs a dynamic investment approach that allows it to adapt to changing market conditions, including volatility. The fund's management team continuously monitors market dynamics and adjusts its asset allocation and securities selections accordingly in order to mitigate risk and capitalize on emerging opportunities in volatile environments.

How is OPP's performance evaluated?

The performance of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is evaluated based on its total return, which includes both capital appreciation and income distributions. Performance is often compared to relevant benchmarks and peer funds to assess its relative success in achieving its investment objectives.

How often are OPP's performance reports released?

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. typically releases performance reports on a monthly basis, which provide detailed information on the fund’s investment performance, asset allocation, and market commentary. These reports are made available to shareholders and can often be accessed on the fund's official website or through investor communication channels.

Is OPP publicly traded, and on which exchange?

Yes, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol 'OPP'. As a closed-end fund, shares of OPP can be bought and sold on the exchange like other publicly traded stocks.

What are the investment objectives of OPP?

The primary investment objective of OPP is to provide its shareholders with high total returns through a combination of capital appreciation and income. The fund aims to achieve this objective by investing in a variety of securities across different asset classes, while employing diverse management strategies to adapt to changing market conditions.

What are the risks associated with investing in OPP?

Investing in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. carries various risks typical of closed-end funds, including market risk, interest rate risk, credit risk, and currency risk. Additionally, the fund's leveraged investments may amplify returns but also increase potential losses. Investors should carefully consider these risks and how they align with their investment objectives.

What does RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) do?

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) is a closed-end management investment company that seeks to provide total return through capital appreciation and income by investing primarily in a diverse portfolio of equities, fixed income securities, and other financial instruments. The fund employs a multi-strategy investment approach in order to capitalize on market inefficiencies and take advantage of various investment opportunities.

What is the expense ratio for OPP?

The expense ratio of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. reflects the operational costs associated with managing the fund, expressed as a percentage of the fund's average net assets. Investors should review the fund's prospectus for the most current expense ratio, which may vary based on the fund's performance and operational needs.

What services does DoubleLine Capital provide?

DoubleLine Capital is a prominent investment management firm known for its expertise in fixed income investing. The firm focuses on active portfolio management and utilizes a research-driven approach to identify investment opportunities in bonds and other income-generating securities. Its strategies are designed to maximize returns while managing risks for clients.

What services does RiverNorth Capital Management provide?

RiverNorth Capital Management is an investment management firm that specializes in closed-end fund investments and applies a multi-strategy approach encompassing various asset classes, including equities and fixed income. The firm aims to identify and exploit market inefficiencies and capitalize on opportunities across these sectors, to optimize returns for its clients.

What types of investments does OPP make?

OPP makes a diverse range of investments across various asset classes, including equities, fixed income securities, preferred stocks, and other financial instruments. The fund employs a multi-strategy approach, which allows it to invest opportunistically based on market conditions and prevailing investment opportunities.

When was RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. established?

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. was established in 2018. The fund was created as a collaboration between RiverNorth Capital Management and DoubleLine Capital, both of which are notable firms in the asset management industry, with experience in fixed income and other investment strategies.

Where can I find more information about OPP?

More information about RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. can be found on the fund's official website, where investors can access the fund's prospectus, performance data, portfolio holdings, and other key information. Additionally, financial news sources, regulatory filings, and investment platforms may provide updates and analysis related to OPP.

Who are the investment managers of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.?

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is managed by a team of experienced investment professionals from both RiverNorth Capital Management and DoubleLine Capital. Each firm contributes its expertise in various asset classes and investment strategies, allowing the fund to leverage their combined knowledge for optimal portfolio management.

Who can invest in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.?

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is available to a wide range of investors, including individual retail investors, institutional investors, and financial advisors. Potential investors should consider their investment objectives, risk tolerance, and investment time horizon before investing in the fund.

What is the current price of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.?

The current price of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is 8.250

When was RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. last traded?

The last trade of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. was at 7:00 pm EDT on April 4th, 2025