Closed end Fund RiverNorth/Doubleline Strategic Opportunity Fund (OPP) has priced the previously announced preferred stock.
The issues prices at 4.75%.
The issue is cumulative and strongly investment grade at A1 from Moody’s.
The issue will trade on the OTC market immediately under ticker OPPBV.
![](https://innovativeincomeinvestor.com/wp-content/uploads/2021/11/Screenshot-2021-11-16-at-5.03.02-AM.png)
The pricing term sheet can be found here.