NYSE:OPP
RiverNorth/DoubleLine Strategic Stock News
$8.52
+0.0500 (+0.590%)
At Close: Mar 27, 2024
OPP: Not The Best Time To Buy, Despite The Sizable Discount
01:15pm, Thursday, 21'st Mar 2024
The RiverNorth/DoubleLine Strategic Opportunity Fund has a high yield of 14.36%, which is higher than peers and makes it attractive to income-focused investors. The OPP closed-end fund's recent perfor
OPP: Positioned For Near-Term Rate Cuts, But Distribution Outlook Is Hazy
05:33am, Sunday, 03'rd Dec 2023
The RiverNorth/DoubleLine Strategic Opportunity Fund offers a high level of current income with a 15.22% yield, but there are concerns it may have to reduce its distribution in the future. The fund's
OPP: Attractive Distribution Does Not Appear To Be Sustainable
11:28am, Monday, 25'th Sep 2023
RiverNorth/DoubleLine Strategic Opportunity Fund offers a high current yield of 15.13%, substantially higher than other options in the market. The fund's performance has remained relatively stable des
CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best
03:47pm, Friday, 01'st Sep 2023
Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptiona
OPP: Avoid This Amortizing Return Of Principal Fund
11:04am, Sunday, 16'th Jul 2023
The RiverNorth/DoubleLine Strategic Opportunity Fund (OPP fund) is not recommended for investors due to its inability to sustain its high distribution yield of 14.3%. The OPP fund, which combines stra
OPP: This High-Yielding CEF Looks Better And Could Be A Play On Bank Problems
03:11pm, Monday, 13'th Mar 2023
Investors are desperate for income to maintain their standard of living in today's incredibly high inflation. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. invests in a portfolio of fixed-inc
Weekly Closed-End Fund Roundup: February 12, 2023
05:50pm, Tuesday, 21'st Feb 2023
1 out of 22 CEF sectors positive on price and 0 out of 22 sectors positive on NAV last week. Senior loans lead while real estate lags.
Preferreds Weekly Review: Year-End Tax Losers Rally Hard
08:17am, Sunday, 15'th Jan 2023
We take a look at the action in preferreds and baby bonds through the first week of January and highlight some of the key themes we are watching. Preferreds had a terrific start to the year, supported
OPP: Interesting Fund But Don't Count On That Yield Being Sustainable
04:04pm, Wednesday, 21'st Dec 2022
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. invests its assets in three tactical silos that include both other closed-end funds and fixed-income assets. The closed-end fund is invested in s
Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022)
12:59pm, Tuesday, 15'th Nov 2022
12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.
Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)
12:51pm, Tuesday, 01'st Nov 2022
16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.
Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)
12:22pm, Monday, 24'th Oct 2022
0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.
OPP: Rights Offering Results Quick Notes
10:24am, Wednesday, 05'th Oct 2022
OPP's rights offering results have concluded. The share price trended towards the subscription floor, as we expected.
OPP Rights Offering: Mediocre Take-Out
09:15am, Tuesday, 27'th Sep 2022
OPP concluded its rights offering yesterday. The CEF was able to raise $34 million in new capital via the offering.
CEF Weekly Review: Why Rising Leverage Costs Are Not To Blame For Low Returns
07:39pm, Friday, 23'rd Sep 2022
We review CEF market valuation and performance through the third week of September and highlight recent market action. CEFs had a tough week due to an upside surprise in inflation which pushed nearly