CHICAGO–(BUSINESS WIRE)–Jul 20, 2021–
RiverNorth/DoubleLine Strategic Alternative Fund, Inc. and RiverNorth Specialty Finance Company are every happy to announce the declaration of most popular dividends for the third quarter of 2021, as detailed beneath.
The Board of Administrators of RiverNorth/DoubleLine Strategic Alternative Fund, Inc. has declared a quarterly money dividend of $0.27344 per share of the Fund’s 4.375% Sequence A Cumulative Most popular Inventory (NYSE: OPPPRA).
The Board of Administrators of RiverNorth Specialty Finance Company has declared a quarterly money dividend of $0.36719 per share of the Fund’s 5.875% Sequence A Time period Most popular Inventory (NYSE: RMPL).
The next dates apply to every dividend declared:
July 30, 2021
August 2, 2021
August 16, 2021
RiverNorth Capital Administration, LLC is an funding administration agency based in 2000. With $5.3 billion 1 in belongings beneath administration as of Could 31, 2021, RiverNorth makes a speciality of opportunistic funding methods in area of interest markets the place the potential to take advantage of inefficiencies is best. RiverNorth is an institutional funding supervisor to registered funds, personal funds and individually managed accounts.
The distributions have been calculated based mostly on the popular shares Liquidation Choice of $25.00 per share and most present quarterly distribution fee per share of $0.27344 for RiverNorth/DoubleLine Strategic Alternative Fund, Inc.’s 4.375% Sequence A Cumulative Most popular Inventory, and $0.36719 for RiverNorth Specialty Finance Company’s 5.875% Sequence A Time period Most popular Inventory, respectively. Distributions could also be paid from sources of earnings apart from atypical earnings, corresponding to web realized short-term capital positive aspects, web realized long-term capital positive aspects and return of capital. The precise quantities and sources of the quantities for tax reporting functions will rely on every Fund’s funding expertise throughout the the rest of its fiscal yr and could also be topic to adjustments based mostly on tax laws. If a distribution consists of something apart from web funding earnings, the Fund gives a Part 19(a) discover of the very best estimate of its distribution sources at the moment. These estimates could not match the ultimate tax characterization (for the complete yr’s distributions) contained in shareholders’ 1099-DIV types after the tip of the yr.
This knowledge is for info solely and shouldn’t be construed as an official tax type, nor ought to it’s thought-about tax or funding recommendation. RiverNorth will not be a tax advisor and buyers ought to seek the advice of a tax skilled for steerage concerning their particular tax state of affairs. Please seek the advice of your authorized or tax advisor.
Traders ought to take into account the Fund’s funding goal, dangers, costs and bills fastidiously earlier than investing. The prospectus ought to be learn fastidiously earlier than investing. For extra info, please learn the prospectus, name your monetary skilled or name 844.569.4750.
Investing within the Fund includes sure dangers, together with lack of precept, which can be described within the “Dangers” part of every Prospectus.
1Agency AUM displays Managed Belongings which incorporates the consequences of leverage and investments in affiliated funds.
RiverNorth® is a registered trademark of RiverNorth Capital Administration, LLC.
DoubleLine® is a registered trademark of DoubleLine Capital LP.
©2000-2021 RiverNorth Capital Administration, LLC. All rights reserved.
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CONTACT: Investor Contact
Chris Lakumb, CFA, CAIA
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE
SOURCE: RiverNorth Capital Administration, LLC
Copyright Enterprise Wire 2021.
PUB: 07/20/2021 04:30 PM/DISC: 07/20/2021 04:31 PM
Copyright Enterprise Wire 2021.