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RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Preliminary Results of Rights Offering
Businesswire· 2025-11-19 11:45
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]
Wells Fargo: Preferreds Remain Attractive After 10% Return In 4 Months (NYSE:WFC)
Seeking Alpha· 2025-10-25 15:40
Core Insights - Wells Fargo (NYSE: WFC) reported strong results for the third quarter of the year, with preferred dividends well covered [1] Financial Performance - The company demonstrated robust financial performance in Q3, indicating a solid operational foundation [1] Investment Opportunities - The investment group European Small Cap Ideas focuses on high-quality small-cap investment opportunities in Europe, emphasizing capital gains and dividend income [1]