Filing by Certain Investment Companies of Rule 482 Advertising in Accordance With Rule 497 and the Note to Rule 482(e) (497ad)
28 Septiembre 2022 - 10:01AM
Edgar (US Regulatory)
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RiverNorth/DoubleLine
Strategic Opportunity Fund, INC.
Announces FINAL RESULTS OF Rights Offering
West Palm Beach, FL– September 27, 2022
-- RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) today announced the final results of its
transferable rights offering (the “Offering”). The Fund will issue a total of 3,508,633 new shares of common stock as a result
of the Offering, which closed on September 23, 2022 (the “Expiration Date”).
The subscription price of $9.70 per share in the Offering
was established on the Expiration Date based on a formula equal to 92.5% of the reported net asset value. Gross proceeds received by the
Fund, before any expenses of the Offering, are expected to total approximately $34.0 million.
This press release shall not constitute an offer to sell or constitute
a solicitation of an offer to buy.
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
The investment objective of the Fund is current income
and overall total return. The Fund had approximately $346 million of total managed assets1 and 19.5 million shares of common
stock outstanding as of August 31, 2022.
The Fund is a closed-end fund and does not continuously
issue stock for sale as open-end mutual funds do. The Fund now trades in the secondary market. Investors wishing to buy or sell stock
need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market value.
Risk is inherent in all investing. Investing in any
investment company security involves risk, including the risk that you may receive little or no return on your investment or even that
you may lose part or all of your investment. Therefore, before investing in the Common Shares, you should consider the risks as well as
the other information in the prospectus.
Past performance is no guarantee of future results.
Investors should consider
the Fund's investment objective, risks, charges and expenses carefully before investing. The prospectus should be read carefully before
investing. For more information, please read the prospectus, call your financial professional or call 844.569.4750.
RiverNorth Capital Management, LLC
RiverNorth is an investment management firm founded in 2000 that specializes
in opportunistic strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is the manager to multiple
registered and private funds.
Investor Contact
Chris Lakumb, CFA, CAIA
312.445.2336
clakumb@rivernorth.com
| 1 | Managed Assets includes assets attributable to leverage and
investments in affiliated funds. |
Marketing services provided by ALPS Distributors Inc. ALPS and RiverNorth
are not affiliated.
RiverNorth® is a registered trademark of RiverNorth Capital Management,
LLC.
ALPS Distributors, Inc. is the FINRA Member Firm.
©2000-2022 RiverNorth Capital Management, LLC. All rights reserved.
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