| 4 CEFs To Consider For Your High-Yield Income Compounder Portfolio |
Heightened market volatility offers unique buying opportunities for income investors, particularly in high-yield income funds like CEFs and ETFs, ideal for retirement portfolios. CEFs are attractive due to their potential to trade at a discount, leverage to magnify returns, and managed distribution policies, despite the misunderstood concept of return of capital. Four recommended CEFs—OPP, CCIF, NHS, and ECAT—offer high yields and are suited for different economic scenarios, providing diverse options for income compounder portfolios. |
seekingalpha.com |
2025-04-25 09:26:05 |
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| RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announce Preferred Dividends |
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. are each pleased to announce the declaration of preferred dividends for the second quarter of 2025, as detailed below. Ex Date Record Date Payable Date May 1, 2025 May 1, 2025 May 15, 2025 Fund Name Preferred Stock Series NYSE Distribution Per Share RiverNorth Opportunities Fund, Inc. 6.000% Series A Perpetual Preferred Stock RIVPRA $0.37500 RiverNorth/DoubleLin. |
businesswire.com |
2025-04-17 21:00:00 |
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| OPP: Reliant On Lower Interest Rates To Fuel Growth |
RiverNorth/DoubleLine Strategic Opportunity Fund offers a high 13.6% dividend yield, blending debt investments to provide consistent monthly income, appealing to income-seeking investors. OPP's performance is hindered by high interest rates, with a 37.2% price decline over five years, despite a 29% total return including distributions. The fund's diversified debt strategy includes MBS, small business loans, and leveraged investments, but high leverage and interest rate sensitivity pose significant risks. |
seekingalpha.com |
2025-04-13 05:48:54 |
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| RiverNorth Closed-End Funds Declare Monthly Distributions |
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have established the distribution dates for April, May and June 2025. The payment of the distributions are subject to Board approval. Ex Date Record Date Payable Date 4/15/2025 4/15/2025 4/30/2025 5/15/2025 5/15/2025 5/30/2025 6/13/2025 6/13/2025 6/30/2025 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as of 3/31. |
businesswire.com |
2025-04-01 22:00:00 |
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| Very Bad News For Closed-End Funds |
Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods. |
seekingalpha.com |
2025-02-24 09:31:08 |
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| OPP-C: A 6.00% Term Preferred IPO From RiverNorth/DoubleLine Strategic Opportunity Fund |
RiverNorth/DoubleLine Strategic Opportunity Fund issued a new 6.00% term preferred stock (OPP-C) with a $10 par value. OPP-C offers a strong credit quality, backed by a large cushion from common share distributions, making it a relatively safe investment for up to three years. The fund's capital structure and asset coverage covenants further enhance the security of OPP-C, despite its small issue size potentially limiting large positions. |
seekingalpha.com |
2025-01-13 11:59:15 |
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| RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Non-Transferable Rights Offering for Common and Preferred Stock |
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) today announced the final results of its inseparable non-transferable rights to purchase additional shares of common stock and newly issued 6.00%, 3-Year Term, Series C Term Preferred Stock (the “Series C Preferred Stock”) of the Fund (the “Offering”). The Fund will issue a total of 838,412 new shares of common stock and 419,206 new shares of Series C Preferred Stock as a resu. |
businesswire.com |
2024-11-29 16:30:00 |
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| RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Preliminary Results of Non-transferable Rights Offering for Common and Preferred Stock |
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) today announced the preliminary results of its inseparable non-transferable rights to purchase additional shares of common stock and newly issued 6.00%, 3-Year Term, Series C Term Preferred Stock (the “Series C Preferred Stock”) of the Fund (the “Offering”) that expired on November 25, 2024 (the “Expiration Date”). In the Offering, the Fund received subscription requests for 8. |
businesswire.com |
2024-11-26 08:45:00 |
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| Reminder: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Non-Transferable Rights Offering for Common and Preferred Stock |
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--As previously announced in press releases dated October 21, 2024 and November 1, 2024 (the “Prior Announcements”), the Board of Directors of the RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) has authorized and set the terms of an offering to the Fund's stockholders of inseparable non-transferable rights to purchase additional shares of common stock and newly issued 6.00%, 3-Year Term, Series C Term Preferred Stock (the “S. |
businesswire.com |
2024-11-19 18:30:00 |
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| OPP: Rights Offering Presents Opportunity To Collect High Yield Income At Discounted Price |
OPP offers a 13.7% yield and trades at a discount to NAV of nearly -7%. A rights offering will allow shareholders to exercise six rights to buy two shares of common stock and one share of Series C Preferred stock. While I consider OPP a good CEF for income investors, I believe that the RO will offer some potential buying opportunities as investors fear dilution to the NAV. |
seekingalpha.com |
2024-11-04 04:47:59 |
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| Preferreds Weekly Review: Agency Mortgage REIT Results Support Preferreds |
We take a look at the action in preferreds and baby bonds through the fourth week of October and highlight some of the key themes we are watching. Preferred stocks fell around 1% due to rising Treasury yields, but resilient economy views kept credit spreads near 5-year lows. Agency mortgage REITs' Q3 results show rising book value and stable leverage. |
seekingalpha.com |
2024-11-03 09:47:02 |
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| Preferreds Weekly Review: Agency Mortgage REIT Results Support Preferreds |
We take a look at the action in preferreds and baby bonds through the fourth week of October and highlight some of the key themes we are watching. Preferred stocks fell around 1% due to rising Treasury yields, but resilient economy views kept credit spreads near 5-year lows. Agency mortgage REITs' Q3 results show rising book value and stable leverage. |
seekingalpha.com |
2024-11-03 03:52:29 |
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| CEF Weekly Review: Invesco Has A Do-Over |
We review the CEF market valuation and performance through the fourth week of October and highlight recent market action. Most CEF sectors were down this week while discounts were mixed. Invesco's CMBS CEF IHTA is set for liquidation in December 2024, with NAV performance looking better than sister fund IHIT last year. |
seekingalpha.com |
2024-11-03 03:02:21 |
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| Update: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., Announces Non-Transferable Rights Offering for Common and Preferred Stock |
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--As announced in a press release dated October 21, 2024 (the “Prior Announcement”), the Board of Directors of the RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) has authorized and set the terms of an offering to the Fund's stockholders of inseparable non-transferable rights to purchase additional shares of common stock and newly issued 6.00%, 3-Year Term, Series C Term Preferred Stock (the “Series C Preferred Stock”) of the. |
businesswire.com |
2024-11-01 19:04:00 |
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| Eleven High-Yield Closed End Funds: Five To Watch And Six To Buy |
As a retired income investor, I focus on high-yield CEFs for reliable monthly distributions and potential capital gains from NAV discounts. Five CEFs to avoid currently: GOF, VVR, ARDC, WDI, IGR, due to high relative premiums or unfavorable market conditions. Recommended CEFs to buy/add: AOD, ASGI, JRI, MEGI, OPP, FSCO, offering high yields and potential for capital gains with favorable market conditions. |
seekingalpha.com |
2024-10-28 17:39:48 |
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| RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announce Preferred Dividends |
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. are each pleased to announce the declaration of preferred dividends for the 4th quarter of 2024, as detailed below. |
businesswire.com |
2024-10-21 21:30:00 |
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| RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Non-Transferable Rights Offering for Common and Preferred Stock |
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) announces that its Board of Directors (the “Board”) has authorized and set the terms of an offering to the Fund's stockholders of inseparable non-transferable rights to purchase additional shares of common stock and newly issued 6.00%, 3-Year Term, Series C Term Preferred Stock (the “Series C Preferred Stock”) of the Fund. It is anticipated that the Fund will apply for the pre. |
businesswire.com |
2024-10-21 21:00:00 |
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| RiverNorth Closed-End Funds Declare Monthly Distributions |
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have declared distributions for October, November and December 2024, as detailed below. Ex Date Record Date Payable Date October 15, 2024 October 15, 2024 October 31, 2024 November 15, 2024 November 15, 2024 November 29, 2024 December 13, 2024 December 13, 2024 December 31, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset. |
businesswire.com |
2024-10-01 21:00:00 |
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| OPP: Positioned For Falling Interest Rates, But There Are Some Risks |
RiverNorth/DoubleLine Strategic Opportunity Fund offers high income potential with a multi-strategy portfolio managed by different fund managers. The OPP Fund has outperformed the S&P 500 Index over the past five months, which is unusual for a closed-end fund. The fund is primarily a fixed-income fund, with more than two-thirds of its assets invested in this category. |
seekingalpha.com |
2024-08-19 20:31:56 |
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| OPP: Finally Time For This Eclectic Fund, 14% Yield |
RiverNorth/DoubleLine Strategic Opportunity Fund is a fixed income CEF with a collateral pool based on three distinct strategies. The fund is currently overweight small business loans, non-Agency MBS bonds and Treasuries, with a duration-oriented return profile. OPP has historically performed well during periods of low interest rates and is currently trading at a large discount to NAV, making it an attractive investment opportunity. |
seekingalpha.com |
2024-06-03 06:18:34 |
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| RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Capital and Income Fund, Inc. Announce Preferred Dividends |
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Capital and Income Fund, Inc. are each pleased to announce the declaration of preferred dividends for the second quarter of 2024, as detailed below. Ex Date Record Date Payable Date May 1, 2024 May 2, 2024 May 15, 2024 Fund Name Preferred Stock Series NYSE Distribution Per Share RiverNorth Opportunities Fund, Inc. 6.000% Series A Perpetual Preferred. |
businesswire.com |
2024-04-19 21:00:00 |
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| RiverNorth Closed-End Funds Declare Monthly Distributions |
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have declared distributions for April, May and June 2024, as detailed below. Ex Date Record Date Payable Date April 12, 2024 April 15, 2024 April 30, 2024 May 14, 2024 May 15, 2024 May 31, 2024 June 14, 2024 June 14, 2024 June 28, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as of 3/28/2024 Annualized Curr. |
businesswire.com |
2024-04-01 21:00:00 |
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| OPP: Not The Best Time To Buy, Despite The Sizable Discount |
The RiverNorth/DoubleLine Strategic Opportunity Fund has a high yield of 14.36%, which is higher than peers and makes it attractive to income-focused investors. The OPP closed-end fund's recent performance has been strong, with a 4.10% increase in share price since December 2023, outperforming bond indices. The fund's distribution has been declining, and it has failed to cover its distribution year-to-date. |
seekingalpha.com |
2024-03-21 15:15:05 |
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| These 7 High-Yield CEFs Reduced Distributions In 2024, Consider Buying Anyway |
abrdn, a UK-based fund manager, has been aggressively acquiring and merging closed-end funds aka CEFs from other managers to expand its offerings. CEFs have advantages over traditional dividend-paying stocks and offer a wide range of asset types and classes. |
seekingalpha.com |
2024-01-18 12:43:45 |
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| RiverNorth Closed-End Funds Declare Monthly Distributions |
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the distribution rates have been reset for the calendar year 2024, as detailed below. Further, the Funds have declared distributions for January, February, and March 2024. Ex Date Record Date Payable Date January 12, 2024 January 16, 2024 January 31, 2024 February 14, 2024 February 15, 2024 February 29, 2024 March 14, 2024 March 15, 2024 March 28, 2024 Tax-Exempt. |
businesswire.com |
2024-01-02 19:00:00 |
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| CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities |
Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, meaning higher rates for longer. Discounts for CEFs continue to tread water, with real estate and interest rate-sensitive bond sectors performing well, while emerging market equity and convertibles performed poorly. |
seekingalpha.com |
2023-12-15 15:00:00 |
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