RiverNorth/DoubleLine Strategic Chance Fund, Inc. and RiverNorth Specialty Finance Company Announce Favored Dividends
RiverNorth/DoubleLine Strategic Prospect Fund, Inc. and RiverNorth Specialty Finance Company are each individual happy to announce the declaration of desired dividends for the initially quarter of 2021, as in-depth down below.
The Board of Administrators of RiverNorth/DoubleLine Strategic Option Fund, Inc. has declared a quarterly income dividend of $.27344 for every share of the Fund’s 4.375% Series A Cumulative Favored Inventory (NYSE: OPPPRA).
The Board of Directors of RiverNorth Specialty Finance Company has declared a quarterly cash dividend of $.36719 for each share of the Fund’s 5.875% Collection A Phrase Most popular Inventory (NYSE: RPML).
The pursuing dates utilize to each dividend declared:
February 1, 2021
February 2, 2021
February 16, 2021
RiverNorth Cash Administration, LLC is an investment decision management organization founded in 2000. With $4.4 billion1 in property below management as of December 31, 2020, RiverNorth specializes in opportunistic expenditure methods in area of interest marketplaces exactly where the probable to exploit inefficiencies is finest. RiverNorth is an institutional financial investment supervisor to registered cash, personal money and separately managed accounts.
The distributions were calculated based mostly on the most well-liked shares Liquidation Preference of $25.00 for each share and most existing quarterly distribution rate for every share of $.27344 for RiverNorth/DoubleLine Strategic Option Fund, Inc.’s 4.375% Collection A Cumulative Preferred Inventory, and $.36719 for RiverNorth Specialty Finance Corporation’s 5.875% Series A Time period Most well-liked Stock, respectively. Distributions may possibly be paid out from sources of revenue other than common cash flow, these kinds of as web realized small-expression cash gains, internet recognized extensive-time period money gains and return of capital. The genuine amounts and resources of the amounts for tax reporting functions will depend upon every Fund’s investment experience in the course of the remainder of its fiscal year and could be matter to variations centered on tax laws. If a distribution features just about anything other than net expenditure income, the Fund provides a Segment 19(a) observe of the greatest estimate of its distribution resources at that time. These estimates may perhaps not match the closing tax characterization (for the complete year’s distributions) contained in shareholders’ 1099-DIV sorts following the end of the yr.
This info is for info only and need to not be construed as an official tax form, nor need to it be regarded tax or investment guidance. RiverNorth is not a tax advisor and traders really should talk to a tax experienced for steerage concerning their certain tax scenario. You should talk to your lawful or tax advisor.
Investors must contemplate the Fund’s financial commitment aim, threats, charges and charges thoroughly just before investing. The prospectus ought to be go through meticulously prior to investing. For a lot more details, make sure you browse the prospectus, phone your economical qualified or phone 844.569.4750.
Investing in the Fund includes specified challenges, which include decline of theory, that are explained in the “Hazards” segment of each and every Prospectus.
1 Firm AUM reflects Managed Belongings which contains the effects of leverage and investments in affiliated cash.
RiverNorth® is a registered trademark of RiverNorth Money Administration, LLC.
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Chris Lakumb, CFA, CAIA
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