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RiverNorth Funds Declare Q4 2026 Preferred Dividends

NeutralLow impact
OPP$6.95 1.02%

RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) declared preferred share dividends for the fourth quarter of 2026. The distribution for RiverNorth Opportunities Fund's 6.000% Series A Perpetual Preferred Stock was set at $0.37500 per share, based on a liquidation preference of $25.00 per share.

For RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., payouts were announced across three preferred stock classes. The 4.375% Series A Cumulative Preferred Stock will distribute $0.27344 per share, while the 4.750% Series B Cumulative Preferred Stock will pay $0.29688 per share, both calculated on a $25.00 liquidation preference. The fund's 6.000% Series C Term Preferred Stock will pay $0.15000 per share based on a $10.00 liquidation preference. Common shares of RiverNorth/DoubleLine Strategic Opportunity Fund closed at $6.95, reflecting a 1.02% daily gain.

Investors should note that distributions may be funded through net investment income, capital gains, or return of capital. Official tax reporting breakdowns will be provided to shareholders after the fiscal year ends via Form 1099-DIV, which may differ from preliminary quarterly estimates.

Key points

  • RiverNorth Opportunities Fund declared a Q4 2026 preferred dividend of $0.37500 per share on its 6.000% Series A Perpetual Preferred Stock.
  • RiverNorth/DoubleLine Strategic Opportunity Fund set Q4 preferred dividends of $0.27344 for Series A and $0.29688 for Series B shares.
  • RiverNorth/DoubleLine Strategic Opportunity Fund declared a $0.15000 per share Q4 preferred dividend on its Series C Term Preferred Stock.
  • Distribution sources may include capital gains or return of capital, with final tax classifications detailed on year-end Form 1099-DIV reports.

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Questions and answers

What preferred dividends were declared for RiverNorth/DoubleLine Strategic Opportunity Fund?

The fund declared Q4 2026 preferred dividends of $0.27344 per share for Series A, $0.29688 for Series B, and $0.15000 for Series C term preferred stock.

What preferred dividend did RiverNorth Opportunities Fund declare for Q4 2026?

RiverNorth Opportunities Fund declared a fourth-quarter preferred dividend of $0.37500 per share on its 6.000% Series A Perpetual Preferred Stock.

How will the tax characterization of these distributions be reported?

Distributions may include income, capital gains, or return of capital. Final tax details will be delivered after year-end on Form 1099-DIV.