Yesterday CEF RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) announced they would be selling a new preferred issue. As of this moment no pricing (coupon) or further details have been announced–nor any OTC grey market ticker.
Since the pandemic hit I have noted a longer time between announcement and pricing. Instead of the pricing being announced the same day as the original announcement many are taking an extra day or two. Like everyone I am impatient and am curious as to what price level a CEF can garner now, in the current environment.
Sit tight–maybe we will see it in the next hour or two.