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

Core Points - The RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. announced preliminary results of its rights offering, which expired on November 18, 2025, with subscription requests for 1,180,525 shares of common stock, expecting gross proceeds of approximately $9.4 million before expenses [1][2][3] - The final subscription price per share was set at $7.94, based on 90% of the Fund's reported net asset value (NAV) of $8.82 on the expiration date [2][3] - The final subscription price was lower than the initial estimated price of $8.12, and excess payments will be returned to subscribing rights holders [3] Fund Overview - The investment objective of the Fund is to achieve current income and overall total return, with total net assets of approximately $211.9 million and 23.8 million shares of common stock outstanding as of October 31, 2025 [5] - The Fund operates as a closed-end fund, trading in the secondary market, and does not continuously issue stock for sale like open-end mutual funds [6]