RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.: insider trades · United States · SEC (Form 4)

About RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is a U.S.-listed closed-end management investment company traded on the NYSE under the ticker OPP, with related preferred securities issued in the market under the OPP-PB line. The fund is organized in the United States as a Maryland corporation and began investment operations in September 2016. For international investors, it should be viewed as a listed income vehicle rather than an operating company: its performance depends primarily on portfolio returns, distribution capacity, leverage, and credit-market conditions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1678130/000119312519160561/d719679dnportex.htm?utm_source=openai)) The fund’s business model is deliberately multi-strategy. RiverNorth serves as adviser and allocates capital across several sleeves, while DoubleLine acts as subadviser for the opportunistic fixed-income sleeve. Public fund materials describe three core engines: a tactical closed-end fund income strategy, an alternative credit strategy, and an opportunistic income strategy focused on agency and non-agency residential mortgage-backed securities as well as commercial mortgage-backed securities. This structure gives OPP a differentiated profile versus plain-vanilla bond funds, because it combines listed fund exposure, private-style credit selection, and mortgage-related income generation. ([rivernorth.com](https://www.rivernorth.com/pdf/2023-03-31-rivernorth-opp-fact-sheet.pdf?utm_source=openai)) In competitive terms, OPP sits in the niche between credit funds, managed distribution funds, and tactical multi-asset income solutions. Its potential edge comes from RiverNorth’s expertise in closed-end fund arbitrage and alternative credit allocation, combined with DoubleLine’s fixed-income and mortgage-credit capabilities. The trade-off is higher complexity: the fund can be more exposed to interest-rate moves, spread widening, liquidity stress, and NAV volatility than a simpler investment-grade bond fund. ([rivernorth.com](https://www.rivernorth.com/pdf/2023-03-31-rivernorth-opp-fact-sheet.pdf?utm_source=openai)) From a product standpoint, the company does not sell consumer products; it issues exchange-traded common shares and preferred securities to public-market investors. Recent filings show that the fund has actively used rights offerings and preferred-stock issuance as capital-markets tools, including a 2025 rights offering and multiple listed preferred series on NYSE or NYSE American. For income investors, these actions matter because they can affect leverage, balance-sheet structure, distribution policy, and per-share economics. ([rivernorth.com](https://www.rivernorth.com/wp-content/uploads/rivernorth-doubleline-opp-prospectus.pdf?utm_source=openai)) Geographically, the fund is overwhelmingly U.S.-centric, with management communications referencing West Palm Beach, Florida, and portfolio exposure tied to U.S. credit and mortgage markets. Recent notable events include the announcement and completion of a 2025 rights offering, plus ongoing quarterly distribution activity disclosed through SEC materials. Overall, RiverNorth/DoubleLine Strategic Opportunity Fund is best understood as a specialized U.S. listed income platform on the NYSE, built around credit selection, tactical allocation, and mortgage-related spread opportunities in the United States. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1678130/000139834425021084/fp0096308-1_497ad.htm?utm_source=openai))