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 well-liked dividends for the third quarter of 2021, as detailed under.
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 well-liked 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 well-liked 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 property beneath administration as of Could 31, 2021, RiverNorth focuses on opportunistic funding methods in area of interest markets the place the potential to use inefficiencies is best. RiverNorth is an institutional funding supervisor to registered funds, non-public funds and individually managed accounts.
The distributions had been calculated based mostly on the popular shares Liquidation Choice of $25.00 per share and most present quarterly distribution price per share of $0.27344 for RiverNorth/DoubleLine Strategic Alternative Fund, Inc.’s 4.375% Sequence A Cumulative Most well-liked Inventory, and $0.36719 for RiverNorth Specialty Finance Company’s 5.875% Sequence A Time period Most well-liked Inventory, respectively. Distributions could also be paid from sources of revenue aside from unusual revenue, akin to internet realized short-term capital features, internet realized long-term capital features and return of capital. The precise quantities and sources of the quantities for tax reporting functions will depend on every Fund’s funding expertise in the course of the the rest of its fiscal yr and could also be topic to modifications based mostly on tax laws. If a distribution consists of something aside from internet funding revenue, the Fund offers a Part 19(a) discover of the perfect 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 top 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 of tax or funding recommendation. RiverNorth shouldn’t be a tax advisor and buyers ought to seek the advice of a tax skilled for steerage relating to their particular tax scenario. Please seek the advice of your authorized or tax advisor.
Traders ought to think about the Fund’s funding goal, dangers, fees and bills fastidiously earlier than investing. The prospectus needs 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 entails sure dangers, together with lack of precept, which are described within the “Dangers” part of every Prospectus.
1Agency AUM displays Managed Property which incorporates the results 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.