ahulme
Posted - 4 weeks ago
$OPP OPPPRC going wild trying to find a base … seen from 10.50 - 14.00
ahulme
Posted - 4 weeks ago
$OPP $OPPPRC newly issued preferred’s bought for $10 just now showing up at $14… I’ll take that any day…
ahulme
Posted - 1 month ago
$OPP just sayin’… my over subscription request didn’t go through… only limited number of shares available for that and seems all the approved over subscription requests were first come first serve… waited too long… but the RO is turning out nicely so far…
buyitall888
Posted - 1 month ago
$OPP omg it's trending
antifapat
Posted - 1 month ago
@ahulme Hi, Arthur. How was your holiday? from what you've posted about $OPP it sounds like a good deal if you'd already owned it. I don't, so I'll wait until after the rights offer is completed. Does it drip at a discount?
ahulme
Posted - 1 month ago
$OPP I applied for over subscription… will see how it goes…
ahulme
Posted - 1 month ago
$OPP This dilution of NAV will disproportionately affect Common Stockholders who do not exercise their Rights. The Fund cannot state precisely the extent of this dilution if you do not exercise your Rights because the Fund does not know what the NAV per Common Share will be when the Offer expires, or what proportion of the Rights will be
exercised.
ahulme
Posted - 1 month ago
$OPP how much dilution will there be? Will find out soon… Common Stockholders who do not exercise their Rights will, at the completion of the Offer, own a smaller proportional interest in the Fund than if they exercised their Rights, which will proportionately decrease the relative voting power of those stockholders. Because the Subscription Price per Common Share may be below the NAV per Common Share on the Expiration Date, you will likely experience a reduction in the NAV per Common Share whether or not you participate in the Offer. In addition, whether or not you exercise your Rights, you will experience a dilution of NAV of the Common Shares because you will indirectly bear the expenses of this Offer, which include, among other items, SEC registration fees, printing expenses and the fees assessed by service providers.
ahulme
Posted - 1 month ago
$OPP for the preferred’s…
Term Redemption. The Fund is required to redeem all outstanding Series C Preferred Shares on December 1, 2027 (the "Term Redemption Date") at a redemption price equal to the Liquidation Preference, plus an amount equal to accumulated but unpaid dividends, if any, on such shares (whether or not earned or declared, but excluding
interest on such dividends) to, but excluding, the Term Redemption Date. See
"Description of Series C Preferred Stock-Redemption-Term Redemption."
ahulme
Posted - 1 month ago
$OPP … The Board also believes that a larger number of outstanding Common Shares and a larger number of holders of common stock ("Common Stockholders") could increase the level of market interest in and visibility of the Fund, and improve the trading liquidity of the Fund's shares on the NYSE. In making this determination,
The tori oftened a nuro rewal facting ludin den i engie en cos. opportunity to purchase newly issued Series C Preferred Shares and additional Common Shares at a price that may be below the market price and/or NAV
without incurring any commission or charge
ahulme
Posted - 1 month ago
$OPP The Board of Directors of the Fund (the "Board"), based on the recommendation of River North Capital Management, LLC (the "Adviser" or "RiverNorth"), the
Fund's investment adviser, and DoubleLine® Capital LP (the "Subadviser" or "DoubleLine"), has determined that it would be in the best interest of the Fund and its existing stockholders to increase the assets of the Fund so that the Fund may be in a better position to take advantage of investment opportunities that may arise
without having to reduce existing Fund holdings..
ahulme
Posted - 11/27/24
$OPP the RO subscription price should be around $8 which is 4-5% discount from CSP…
838 Thousand offered shares/ 23 Million outstanding shares = approx 4-5%
Doesn’t seem like there will be much dilution… we will see
ahulme
Posted - 11/26/24
$OPP WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) (the “Fund”) today announced the preliminary results of its inseparable non-transferable rights to purchase additional shares of common stock and newly issued 6.00%, 3-Year Term, Series C Term Preferred Stock (the “Series C Preferred Stock”) of the Fund (the “Offering”) that expired on November 25, 2024 (the “Expiration Date”). In the Offering, the Fund received subscription requests for 838,486 shares of common stock and 419,243 shares of Series C Preferred Stock from rights holders. Accordingly, the Fund expects to issue 838,486 new shares of common stock and 419,243 shares of Series C Preferred Stock for these subscriptions, pending the receipt of payment for “delivery-guaranteed” subscriptions, on or about December 2, 2024. Gross proceeds from the Offering are expected to total approximately $11.2 million, before expenses.
ahulme
Posted - 11/26/24
$OPP this RO might end up with little or no dilution… short time window to participate and looks like not many did… this could end up good…
ahulme
Posted - 11/26/24
$OPP looks like average of 95% CSP is around $8…
ahulme
Posted - 11/25/24
$OPP also requested to participate in over subscription…
ahulme
Posted - 11/25/24
$OPP I’m all in… The Offer will expire at 5:00 p.m., Eastern Time, on November 25, 2024, unless the Offer is extended as described in this Prospectus Supplement (the "Expiration Date").
ahulme
Posted - 11/20/24
$OPP just gave instructions to participate with all RO shares… this should be interesting…
ahulme
Posted - 11/20/24
$OPP have a feeling that there will be so few participants in RO that dilution will be minimal… IMO
ahulme
Posted - 11/20/24
$OPP just wondering what the distribution rate will be for next year??
ahulme
Posted - 11/20/24
$OPP CSP = 8.47 / 95% is 8.05 NAV = 9.27 / 90% is 8.35
So far the price on expiration date is approximately 8.35 x 2 + 10 = 26.70 for every 6 RO shares… mol
ahulme
Posted - 11/20/24
$OPP seems to want limited participation in RO is reason for RO notification of terms just days before cutoff and expiration… IMO… still have to be ready for dilution… I am thinking this could be worth it… especially if OPPPRC has $25 PAR and sells for $10… the common shares would be the risk
ahulme
Posted - 11/19/24
$CLM $CRF interesting RO in $OPP every 6 RO shares = 2 common shares and 1 share of new $OPPPRC 6% preferred’s for $10 which has $25 PAR… nontransferable RO shares… use em or lose em…
ahulme
Posted - 11/16/24
$OPP my highest cost lot is 7.31 since rebalance on 10/31… sold my adds bought at 8.40… will buy back in after 11/25… more dilution coming…
ahulme
Posted - 11/14/24
$GBAB $MIN $OPP $ACP yields rise and share price drops…
KingBocephus73
Posted - 11/14/24
@HoosierDaddy812 I’m trying to understand too. $OPP will be my first and the compaction event doc was very confusing.
KingBocephus73
Posted - 11/12/24
$OPP I have never been through a rights offering before. Can anyone explain to me how this works and what it means
