OPP - RiverNorth/DoubleLine Strategic Opportunity Fund

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Oct 22, 2025

   The fund offered holders the right to buy more shares, until Nov 18, 2025.

   Original document →

2. May 21, 2025

   The fund said it may sell new shares.

   Original document →

3. April 14, 2025

   The fund said it may sell new shares.

   Original document →

4. March 21, 2025

   The fund said it may sell new shares.

   Original document →

5. Feb 20, 2025

   The fund said it may sell new shares.

   Original document →

About this fund

• Run by Rivernorth Capital Management, LLC. As of June 30, 2026, from the fund's yearly report. Original document →
• Size: about $209 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 37% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. About 99% of that is money the fund has borrowed by selling preferred shares. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.6% a year in management fees; 2.8% a year in total, including interest on borrowed money. Fiscal year ended June 30, 2026. As of June 30, 2026, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended June 30, 2026) the fund paid $1.12 a share. $0.54 of that was income; $0.58 was your own money back, not income. As of June 30, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (June 30, 2026): $8.37. The shares traded at $7.72, about 7.8% below that. As of June 30, 2026, from the fund's yearly report. Original document →
  Over the last two years the gap ranged from 11.4% below to 2.6% below. As of June 30, 2026, from the fund's annual report. Original document →
• How the holdings did: up 4.2% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +3.6%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the share price did: the shares returned +3.6% over the last fiscal year (ended June 30, 2026), counting payouts and the change in the market price. As of June 30, 2026, from the fund's annual report. Original document →
• First reported to the regulator in 2016.

What the fund holds

Mostly mortgage bonds (62%), the rest loans, asset-backed bonds and cash and short-term holdings. About 91% issued in the U.S.

1. Cash and short-term - 6.5%
2. Government National Mortgage Association - 11.9%
3. Freddie Mac REMICS - 4.1%
4. Ellington Financial Mortgage Trust, Efmt 2025-INV5 - 2.4%
5. Fannie Mae REMICS - 5.1%
6. Fannie Mae - Cas, Connecticut Avenue Securities Trust 2024-R03 - 1.7%
7. Colt Funding Llc, COLT 2021-4 Mortgage Loan Trust - 1.7%
8. Washington Mutual Asset-backed Ctfs, Washington Mutual Asset-Backed Certificates WMABS Series 2007-HE2 Trust - 1.4%
9. Prp Advisors, Llc, Prpm 2025-8 LLC - 1.4%
10. Freddie Mac STACR REMIC Trust 2021-DNA2 - 1.2%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →