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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 · New York Stock Exchange
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

Dividend payments

Per common share

$0.091Reviewed declaration · Payment Sep 30, 2026

Regular dividend

Announced Jul 1, 2026

Dates and company reports

Announcement: Jul 1, 2026
Declaration: Jul 1, 2026
Ex-dividend: Sep 15, 2026
Record: Sep 15, 2026
Payment: Sep 30, 2026

Dividend declaration for payment Sep 30, 2026 · www.businesswire.com · Announced Jul 1, 2026

Extras are shown separately and are not assumed to repeat.

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.

Reported annual investment income$0.88Per share for 2026 FY. Excludes investment gains.

Annual dividend$1.09Current regular payment annualized per share

Dividend payment history

Date or month	Per share
Sep 30, 2026	$0.091

Reported earnings and sources

Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.

Reporting period	Per share	Source
Jul 1, 2025 to Jun 30, 2026	$0.88	SEC Announced Sep 4, 2026

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 period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
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 reported period value, not an approved exchange close. Rights effects are displayed as separate points, not a continuous line.

View older history (up to 7 years)

Reporting period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
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 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 reported period value, not an approved exchange close. Rights effects are displayed as separate points, not a continuous line.
Jul 1, 2021 to Jun 30, 2022	$11.27	-25.71%	$1.84	Not available	Fund financial highlights for the exact common share and reporting period.

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.

Why the annual trend is limited

The history includes rights offerings, which can change NAV per share independently of investment returns. The chart keeps the observations separate across these changes.

Read the source filing or company notice

How to read OPP income

Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.

Watch defaults, interest-rate changes and expenses. Income can hold up while falling bond or loan values reduce NAV.

The reported investment income is before payments to preferred shareholders. Those payments also draw on the fund, so this income figure is not the amount left to cover common-share distributions.

Income and distributions

Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.

Reporting period	Net investment income/share	Total distributions/share
2025-07-01 to 2026-06-30	$0.88	$1.12
2024-07-01 to 2025-06-30	$1.06	$1.17

View older history (up to 7 years)

Reporting period	Net investment income/share	Total distributions/share
2023-07-01 to 2024-06-30	$1.13	$1.21
2022-07-01 to 2023-06-30	$0.97	$1.50
2021-07-01 to 2022-06-30	$0.87	$1.84

The assets behind the earnings

How OPP makes money

Financial snapshot: 2026-06-30. Research reviewed 2026-09-18. Compare results for the reporting periods shown. 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

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

Financing can amplify income and losses

The portfolio information checked September 11, 2026 reports effective leverage of 37.97%.

Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.

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

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

Portfolio risk

Losses or weaker cash generation in closed-end funds, alternative credit and opportunistic debt can reduce the resources available for future distributions.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

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

Distribution sustainability

A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

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$7.89Sep 29, 2026

Market price$6.91Sep 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

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 company 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.

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