RiverNorth/DoubleLine Strategic Option Fund, Inc. and RiverNorth Specialty Finance Corporation Announce Chosen Dividends

CHICAGO–(Enterprise WIRE)–RiverNorth/DoubleLine Strategic Possibility Fund, Inc. and RiverNorth Specialty Finance Company are every pleased to announce the declaration of most well-liked dividends for the first quarter of 2021, as in-depth below.

The Board of Directors of RiverNorth/DoubleLine Strategic Option Fund, Inc. has declared a quarterly funds dividend of $.27344 per share of the Fund’s 4.375% Sequence A Cumulative Most well-liked Stock (NYSE: OPPPRA).

The Board of Directors of RiverNorth Specialty Finance Company has declared a quarterly income dividend of $.36719 for every share of the Fund’s 5.875% Series A Term Most well-liked Inventory (NYSE: RPML).

The adhering to dates apply to each individual dividend declared:

Ex Day

Report Date

Payable Day

February 1, 2021

February 2, 2021

February 16, 2021

About RiverNorth

RiverNorth Cash Management, LLC is an expense administration business founded in 2000. With $4.4 billion1 in assets below administration as of December 31, 2020, RiverNorth specializes in opportunistic expense approaches in area of interest markets where the opportunity to exploit inefficiencies is greatest. RiverNorth is an institutional expense supervisor to registered funds, personal funds and separately managed accounts.

The distributions had been calculated dependent on the preferred shares Liquidation Choice of $25.00 for each share and most recent quarterly distribution rate for each share of $.27344 for RiverNorth/DoubleLine Strategic Possibility Fund, Inc.’s 4.375% Collection A Cumulative Desired Inventory, and $.36719 for RiverNorth Specialty Finance Corporation’s 5.875% Sequence A Time period Favored Inventory, respectively. Distributions may well be paid from sources of cash flow other than common money, these as internet recognized small-expression capital gains, net realized extended-term money gains and return of money. The genuine amounts and sources of the quantities for tax reporting purposes will rely upon every Fund’s financial commitment working experience through the remainder of its fiscal yr and might be matter to changes based on tax rules. If a distribution features everything other than net expenditure revenue, the Fund supplies a Portion 19(a) see of the greatest estimate of its distribution resources at that time. These estimates could not match the closing tax characterization (for the whole year’s distributions) contained in shareholders’ 1099-DIV types following the conclude of the year.

This info is for information only and need to not be construed as an official tax type, nor need to it be regarded as tax or expenditure assistance. RiverNorth is not a tax advisor and traders must consult a tax experienced for direction regarding their unique tax predicament. Remember to consult with your lawful or tax advisor.

Traders ought to look at the Fund’s investment decision goal, hazards, fees and fees cautiously before investing. The prospectus must be study diligently prior to investing. For extra details, be sure to go through the prospectus, phone your financial qualified or get in touch with 844.569.4750.

Investing in the Fund entails particular threats, which include decline of basic principle, that are described in the “Pitfalls” portion of each individual Prospectus.

1Agency AUM displays Managed Belongings which features the consequences of leverage and investments in affiliated funds.

RiverNorth® is a registered trademark of RiverNorth Capital Administration, LLC.

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