IPO - RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Form Type: 424B5

Filing Date: 2025-05-21

Corporate Action: Ipo

Type: New

Accession Number: 000139834425009948

Filing Summary: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is undertaking an Initial Public Offering (IPO) of up to 10,000,000 shares of its common stock under a distribution agreement with ALPS Distributors, Inc., dated May 20, 2025. The offering includes a maximum sale price based on the current net asset value (NAV) of $8.97, with the last reported sale price on the NYSE being $8.23. The Fund, a diversified closed-end management investment company, primarily focuses on current income and total return, using investment strategies such as a Tactical Closed-End Fund Income Strategy, Opportunistic Income Strategy, and Alternative Credit Strategy. The Fund anticipates that proceeds from the offering will be invested in accordance with its investment objectives and will generally be used within three months of the offering. A distribution policy is in place to ensure monthly distributions to shareholders, with a level of 12.5% of the average NAV per share, which may involve return of capital if necessary. Additionally, the distributor will earn a commission of 1.00% on gross proceeds from sold shares.