RiverNorth/DoubleLine Strategic Opportunity Fund Announces Transferable Rights Offering for Common Stockholders
Reuters
Oct 08, 2025
<a href="https://laohu8.com/S/OPP">RiverNorth/DoubleLine Strategic Opportunity Fund</a> Announces Transferable Rights Offering for Common Stockholders
RiverNorth/DoubleLine Strategic Opportunity Fund Inc. (NYSE: OPP) has announced a transferable rights offering for existing common stockholders. Shareholders of record as of October 24, 2025, will receive one right for each share held, with every three rights allowing the purchase of one new share of common stock. The rights are expected to trade on the New York Stock Exchange under the ticker OPP RTWI on October 23, 2025, and as OPP RT beginning October 30, 2025. The subscription price will be set at the higher of 90% of the fund's net asset value or 95% of the market price, calculated based on the average closing price over the five trading days preceding the expiration. The subscription period will close on November 18, 2025, unless extended. Shareholders who fully exercise their rights may also subscribe for any shares not taken up by others.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rivernorth/Doubleline Strategic Opportunity Fund Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251007034992) on October 07, 2025, and is solely responsible for the information contained therein.
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