RiverNorth/DoubleLine Strategic Prospect Fund, Inc. and RiverNorth Specialty Finance Company Announce Preferred Dividends | 2021-01-21 | Push Releases

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Company are every pleased to announce the declaration of favored dividends for the initially quarter of 2021, as in-depth beneath.

The Board of Directors of RiverNorth/DoubleLine Strategic Chance Fund, Inc. has declared a quarterly funds dividend of $.27344 for each share of the Fund&CloseCurlyQuotes 4.375% Series A Cumulative Preferred Stock (NYSE: OPPPRA).

The Board of Administrators of RiverNorth Specialty Finance Company has declared a quarterly dollars dividend of $.36719 per share of the Fund&CloseCurlyQuotes 5.875% Sequence A Term Most popular Stock (NYSE: RPML).

The adhering to dates utilize to every dividend declared:

Ex Date

File Date

Payable Date

February 1, 2021

February 2, 2021

February 16, 2021

About RiverNorth

RiverNorth Capital Management, LLC is an expenditure administration company established in 2000. With $4.4 billion 1 in assets under administration as of December 31, 2020, RiverNorth specializes in opportunistic expenditure procedures in area of interest marketplaces wherever the likely to exploit inefficiencies is finest. RiverNorth is an institutional financial commitment manager to registered funds, non-public resources and separately managed accounts.

The distributions were calculated based mostly on the preferred shares Liquidation Choice of $25.00 for each share and most current quarterly distribution level for each share of $.27344 for RiverNorth/DoubleLine Strategic Possibility Fund, Inc.&CloseCurlyQuotes 4.375% Series A Cumulative Favored Inventory, and $.36719 for RiverNorth Specialty Finance Company&CloseCurlyQuotes 5.875% Sequence A Term Most well-liked Inventory, respectively. Distributions may perhaps be compensated from sources of money other than normal revenue, this sort of as net recognized shorter-time period funds gains, web understood lengthy-expression cash gains and return of capital. The actual quantities and sources of the quantities for tax reporting purposes will count upon just about every Fund&CloseCurlyQuotes expenditure encounter through the remainder of its fiscal year and may be subject matter to alterations based on tax regulations. If a distribution contains everything other than internet financial commitment money, the Fund offers a Portion 19(a) notice of the greatest estimate of its distribution sources at that time. These estimates may well not match the final tax characterization (for the comprehensive calendar year&CloseCurlyQuotes distributions) contained in shareholders&CloseCurlyQuote 1099-DIV forms after the finish of the year.

This facts is for information only and must not be construed as an official tax sort, nor must it be thought of tax or financial investment tips. RiverNorth is not a tax advisor and traders need to seek the advice of a tax qualified for direction relating to their unique tax condition. Please seek the advice of your lawful or tax advisor.

Investors need to take into consideration the Fund’s financial investment goal, dangers, expenses and charges meticulously right before investing. The prospectus need to be go through meticulously ahead of investing. For additional info, be sure to examine the prospectus, phone your economical skilled or simply call 844.569.4750.

Investing in the Fund requires specified risks, together with reduction of principle, that are described in the “Pitfalls” area of each and every Prospectus.

1 Organization AUM demonstrates Managed Belongings which contains the results of leverage and investments in affiliated money.

RiverNorth&circledR is a registered trademark of RiverNorth Funds Administration, LLC.

©2000-2021 RiverNorth Capital Management, LLC. All rights reserved.

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Investor Speak to

Chris Lakumb, CFA, CAIA

312.445.2336

[email protected]