Nov. 26 at 9:58 PM
$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.
