RiverNorth Funds Declare Preferred Dividends: A New Investment Opportunity
RiverNorth Funds Declare Preferred Dividends
RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. are excited to share that they have declared preferred dividends for the first quarter of the upcoming year. This announcement supports their commitment to providing value to investors and enhancing financial performance.
Preferred Dividends Announcement
Investors can look forward to the preferred dividends being distributed for the designated period. This move allows shareholders to benefit from the robust financial management strategies employed by both funds. The preferred dividends are detailed below, reflecting the funds' proactive endeavors in maintaining investor satisfaction.
Details of the Preferred Dividends
The following details outline the preferred dividends for both funds:
- Ex Date: February 3, 2025
- Record Date: February 3, 2025
- Payable Date: February 14, 2025
Distribution Summary
Here is a summary of the preferred stock features and distributions for each fund:
| Fund Name | Preferred Stock Series | NYSE | Distribution Per Share |
|---|---|---|---|
| RiverNorth Opportunities Fund, Inc. | 6.000% Series A Perpetual Preferred Stock | RIVPRA | $0.37500 |
| RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. | 4.375% Series A Cumulative Preferred Stock | OPPPRA | $0.27344 |
| RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. | 4.750% Series B Cumulative Preferred Stock | OPPPRB | $0.29688 |
| RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. | 6.000% Series C Term Preferred Stock | OPPPRC | $0.12500* |
* This amount reflects a partial distribution covering the period from the original issue date through the upcoming payable date.
Understanding RiverNorth Capital Management
Founded in 2000, RiverNorth Capital Management, LLC stands out as a noteworthy investment manager specializing in various strategies designed to exploit market inefficiencies. Currently managing approximately $5.1 billion in assets across registered funds and private accounts, RiverNorth is dedicated to delivering unparalleled value to its clients.
Your Investment Strategy
Investing in RiverNorth’s preferred shares can present a lucrative opportunity for income-focused investors. The funds aim to provide a steady stream of income through their well-crafted financial products, making it essential for investors to understand the potential returns.
Risk Considerations
Investors should be aware of the risks associated with these investments, which may include loss of principal and market fluctuations. Properly assessing these risks can be vital in aligning investments with individual financial goals.
Frequently Asked Questions
What are the ex, record, and payable dates for dividends?
The ex date is February 3, 2025, the record date is also February 3, 2025, and the payable date is February 14, 2025.
How much will I receive per share in dividends?
Investors will receive varying amounts per share, depending on the series of preferred stock held. For instance, the distribution per share for the 6.000% Series A is $0.37500.
What are the main goals of RiverNorth Capital Management?
RiverNorth aims to capitalize on market inefficiencies through opportunistic strategies, providing value to its investors.
How do I stay informed about my investments?
It's important to review updates from RiverNorth and consult with financial professionals to monitor your investment performance and strategy.
What should I consider before investing in preferred stocks?
Before investing, consider risks, investment objectives, and read the prospectus for comprehensive details on associated charges and potential risks.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. If any of the material offered here is inaccurate, please contact us for corrections.
