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OPP · RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Know the company

Company overview

RiverNorth/DoubleLine Strategic Opportunity Fund brings together income-oriented closed-end funds and opportunistic credit. That mix can generate interest and distributions, but changes in credit values and fund discounts also shape the result for shareholders.

Business
Multi-sector income CEF
Listing
OPP · XNYS
Reporting period
2026-06-30
Dividend schedule
Monthly

How the business works

Interest and distributions from the holdings, after expenses and financing costs, become net investment income. Gains, losses and changes in closed-end-fund discounts affect net asset value separately.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.: financial report supporting reported earnings

Dividend & earnings snapshot

Reported earnings

Each measure shown separately, per share

Net investment income$0.88

Jul 1, 2025 to Jun 30, 2026

Distribution yield14.84%Sourced distributions divided by dated market price
Trailing 12-month income yield9.41%Net investment income for Jul 1, 2025 to Jun 30, 2026, divided by market price $6.9100 on Sep 29, 2026. Historical income; not a forecast.
Annual dividend$1.09Current regular payment annualized per share
Distribution supportSee period evidenceCash distributions, NAV and reported returns are shown separately; no earnings-coverage ratio is assigned.
Verified dividend dates and payment components

Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.

Verified earnings history and sources

The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.

Reporting periodEarnings measurePer shareSource
Jul 1, 2025 to Jun 30, 2026Net investment income$0.88Issuer source 1
Announced Sep 4, 2026

Reported NAV total return by period

Fund-reported NAV total return, shown separately from cash distributions and NAV change. It is not a distribution-funding or earnings-coverage ratio. Periods may differ in length.

Market price and NAV per share

OPP SEC Financial Highlights report rights-offering NAV dilution in fiscal 2022, 2023, 2025, and 2026. Fiscal 2022 also includes separate common and preferred issuance costs. Each shown market value pairs with same-period common NAV. Dated points are not connected across those share events; missing fiscal prices remain blank.

Business and earnings charts

Financial snapshot: 2026-06-30. Research reviewed 2026-09-18. Source dates are retained with each measure; historical results are not a forecast.

The assets it owns

$202.920 million net assets359 holdings · As of 6/30/2026

Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.

A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.: net assets and portfolio information, checked 2026-09-11

Reported earnings and distributions

2025-07-01 through 2026-06-30 · $ per share

Fund net investment income per common share; actual reporting period, not annualized$0.6500

For the year ended June 30, 2026, OPP reported $0.65 of net investment income and $1.12 of distributions per share. Net asset value moved from $8.94 to $8.37. Income covered part of the cash, so the portfolio result and the payment's components matter too.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.: financial report supporting reported earnings

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting periodEnding NAVNAV changeDistributions / shareReported NAV total returnSource
Jul 1, 2025 to Jun 30, 2026$8.37-6.38%$1.12+6.41%OPP SEC financial highlights for 2026-06-30. Exact fiscal-period distributions include all cash components; partial periods are not annualized.
Jul 1, 2024 to Jun 30, 2025$8.94-4.89%$1.17+7.98%OPP SEC financial highlights for 2026-06-30. Exact fiscal-period distributions include all cash components; partial periods are not annualized. The same SEC common-share financial-highlights table reports $8.55 for this fiscal period end. It is an issuer-reported period value, not an approved exchange close. Rights effects are displayed as separate points, not a continuous line.
Jul 1, 2023 to Jun 30, 2024$9.40-2.19%$1.21+11.28%OPP SEC financial highlights for 2026-06-30. Exact fiscal-period distributions include all cash components; partial periods are not annualized. The same SEC common-share financial-highlights table reports $8.65 for this fiscal period end. It is an issuer-reported period value, not an approved exchange close. Rights effects are displayed as separate points, not a continuous line.
Jul 1, 2022 to Jun 30, 2023$9.61-14.73%$1.50-1.26%OPP SEC financial highlights for 2026-06-30. Exact fiscal-period distributions include all cash components; partial periods are not annualized. The same SEC common-share financial-highlights table reports $8.54 for this fiscal period end. It is an issuer-reported period value, not an approved exchange close. Rights effects are displayed as separate points, not a continuous line.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

Distribution and NAV evidence

Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable.

Reporting period and filingCash distributions/shareOpening NAVClosing NAVNAV changeReported NAV total return
2022-07-01 to 2023-06-30 $1.50 $11.27 $9.61 -14.73% -1.26%
2023-07-01 to 2024-06-30 $1.21 $9.61 $9.40 -2.19% 11.28%
2024-07-01 to 2025-06-30 $1.17 $9.40 $8.94 -4.89% 7.98%
2025-07-01 to 2026-06-30 $1.12 $8.94 $8.37 -6.38% 6.41%

Risk monitor

RiskCurrent conditionDirectionWhy it matters
Portfolio riskLosses or weaker cash generation in closed-end funds, alternative credit and opportunistic debt can reduce the resources available for future distributions.MonitorA change can affect future shareholder cash payments or the capital supporting them.
Leverage and financingThe current data service reports effective leverage of 37.97%. Financing magnifies gains and losses, and borrowing costs reduce income available to common shareholders.MonitorA change can affect future shareholder cash payments or the capital supporting them.

The assets behind the earnings

How OPP makes money

Financial snapshot: 2026-06-30. Research reviewed 2026-09-18. Source dates are retained with each measure; historical results are not a forecast.

The income-producing business

Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.: financial report supporting reported earnings

What the reported earnings support

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. reported $0.6500 per share for 2025-07-01 through 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.: financial report supporting reported earnings

What would change the earnings picture?

Compare the next full-year income and cash paid with credit results, underlying fund discounts, payment components and net asset value.

Net asset value (NAV)

NAV per share$7.8900Sep 29, 2026
Market price$6.9100Sep 29, 2026
PREMIUM / DISCOUNT TO NAV12.42% discountCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Current evidence and recent developments

  • Regular distribution screen: 14.84% on 2026-09-11.
  • Reported net investment income per common share: $0.65 for 2025-07-01 through 2026-06-30; not annualized.

What to watch next

  • Compare the next full-year income and cash paid with credit results, underlying fund discounts, payment components and net asset value.

Fly High context

Compare the next full-year income and cash paid with credit results, underlying fund discounts, payment components and net asset value.

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U.S. federal · Tax year 2025

Dividend tax treatment

RiverNorth classified the fund's 2025 calendar-year distributions as shown. The mix can change each year.

This issuer information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.

Total ordinary dividends
62.28%
Qualified dividends
Not confirmed
Capital-gain distributions
0%
Return of capital
37.72%

Tax year: 2025. Total distributions: $1.14 per share.

Tax details and source
Total ordinary dividends (includes qualified)
62.28%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
Not stated

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

Public Research updated October 1, 2026 6:08 am

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