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OPP-P-C

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. · Series C · Closed-End Fund
Also quoted as: OPP-C, OPPprC, OPP.PRC, OPP-PC, OPPpC
$10.22
last price

About this security

OPP-P-C is a 6% cumulative preferred stock issued by RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., a Closed-End Fund issuer. $10 liquidation preference, current yield 5.87%, callable from 2027-12-01.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.: RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) is a closed-end management investment company launched in 2016 and listed on the NYSE. It opportunistically invests in fixed income securities and alternative credit instruments, and tactically invests in other closed-end funds. The fund allocates assets across three principal strategies — Tactical Closed-End Fund Income, Alternative Credit, and Opportunistic Income — with RiverNorth Capital Management overseeing the first two and DoubleLine Capital LP managing the third. The Opportunistic Income strategy primarily invests in agency and non-agency residential mortgage-backed securities, asset-backed securities, and commercial mortgage-backed securities.

Issuer page — all RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below ⚑ 1 check to review

live page · rendered 20:10:24 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current Yield
5.87%
Annual Dividend
$0.6000
Recent Market Price
$10.22
as of 2026-06-15
Disc/Prem to Par (→ screen)
+2.25% (+$0.23)
Recent Ex-Date
2026-05-01
Pay Frequency
quarterly
Cumulative
Yes
Original Coupon
6.000%
Call Date
2027-12-01
Yield to Call
4.41%
Yield to Worst
4.41%
Liq. Preference
$10.00
Maturity
2027-12-01
Redeemable
Yes
Convertible
No
Pay Dates
February 15, May 15, August 15, November 15
Shares Offered (original)
3,829,000 +1,914,500 OA
Issued
2024-10-31
Series
C
Alt. Symbology
OPP-C, OPPprC, OPP.PRC, OPP-PC, OPPpC

vs. Closed-End Fund category (25 issues): yield 5.87% vs avg 6.15% · discount +2.2% vs avg -15.4%

Quote

 OPP-P-C (preferred)OPP (common)
Last $10.22 $7.62
Change — —
Open$10.22$7.58
High / Low $10.22 / $10.22 $7.64 / $7.58
Prev Close——
Volume11674,018
52-Week High / Low $10.50 / $10.08 $8.82 / $7.49

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

● OPP-P-C ● OPP (common)

Dividend History

Ex-DateAmount / Share
2026-05-01$0.150000
2026-02-02$0.150000
2025-11-03$0.150000
2025-08-01$0.150000
2025-05-01$0.150000
2025-02-03$0.125000

Performance — $10K Calculator

See what an investment in OPP-P-C would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

🔔 Get dividend & filing alerts for OPP-P-C →

Prospectus (SEC 424B5)

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is issuing non-transferable subscription rights to its stockholders of record as of November 5, 2024. These Rights will allow Record Date Stockholders to subscribe for (i) new Common Shares in an aggregate amount of up to 7,658,000 Common Shares; and (ii) newly issued 6.00% Series C term preferred stock in an aggregate amount of up to 3,829,000 Series C Preferred Shares.

Use of proceeds: Net proceeds will be used to increase the Fund's assets so it may take advantage of investment opportunities, maintain its leverage ratio, and raise additional capital, invested in accordance with the Fund's investment objective and strategies.

Full Prospectus (SEC filing) →

Other Securities from RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

SymbolTypeCouponPriceYield
OPP-P-A preferred 4.375% 16.74 6.53%
OPP-P-B preferred 4.750% 17.96 6.61%

News — RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Issuer news via Tiingo, tagged to OPP.

Related Articles

About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
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