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OPP / OPP: Attractive Distribution Does Not Appear To Be Sustainable

OPP: Attractive Distribution Does Not Appear To Be Sustainable
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 despite the market's incorrect expectation of a rate cut by the Federal Reserve. The fund's portfolio is heavily weighted towards fixed-rate bonds, positioning it well to benefit from a decline in interest rates. However, the sustainability of its distribution is questionable as it relies on new investors to fund distributions. Read More
Posted: Sep 25 2023, 11:28
Author Name: Seeking Alpha
Views: 111883

OPP News  

OPP: Attractive Distribution Does Not Appear To Be Sustainable

By Seeking Alpha
September 25, 2023

OPP: Attractive Distribution Does Not Appear To Be Sustainable

RiverNorth/DoubleLine Strategic Opportunity Fund offers a high current yield of 15.13%, substantially higher than other options in the market. The fun more_horizontal

OPP: Avoid This Amortizing Return Of Principal Fund

By Seeking Alpha
July 16, 2023

OPP: Avoid This Amortizing Return Of Principal Fund

The RiverNorth/DoubleLine Strategic Opportunity Fund (OPP fund) is not recommended for investors due to its inability to sustain its high distribution more_horizontal

OPP: This High-Yielding CEF Looks Better And Could Be A Play On Bank Problems

By Seeking Alpha
March 13, 2023

OPP: This High-Yielding CEF Looks Better And Could Be A Play On Bank Problems

Investors are desperate for income to maintain their standard of living in today's incredibly high inflation. RiverNorth/DoubleLine Strategic Opportun more_horizontal

OPP: Interesting Fund But Don't Count On That Yield Being Sustainable

By Seeking Alpha
December 21, 2022

OPP: Interesting Fund But Don't Count On That Yield Being Sustainable

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. invests its assets in three tactical silos that include both other closed-end funds and fixed-i more_horizontal

OPP: Too Many Cooks In The Kitchen, Sour 17% Yield

By Seeking Alpha
September 4, 2022

OPP: Too Many Cooks In The Kitchen, Sour 17% Yield

OPP is a fixed income CEF that allocates its cash between two principal strategies. The two strategies are run by different asset managers, namely Riv more_horizontal

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Rights Offering

By Business Wire
October 5, 2021

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Rights Offering

CHICAGO--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) today announced the final results of its more_horizontal

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Rights Offering

By Business Wire
October 5, 2021

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Rights Offering

CHICAGO--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) today announced the final results of its more_horizontal

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Rights Offering

By Business Wire
October 5, 2021

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Rights Offering

CHICAGO--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) today announced the final results of its more_horizontal


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