RiverNorth Funds File Annual Proxy Statement
Ticker: OPP-PB · Form: DEF 14A · Filed: Aug 21, 2024 · CIK: 1678130
| Field | Detail |
|---|---|
| Company | Rivernorth/Doubleline Strategic Opportunity Fund, Inc. (OPP-PB) |
| Form Type | DEF 14A |
| Filed Date | Aug 21, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, annual-meeting, fund-governance
TL;DR
RiverNorth funds filed their annual proxy statement, shareholders vote soon.
AI Summary
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. filed a DEF 14A on August 21, 2024, for the period ending September 19, 2024. The filing involves RiverNorth Managed Duration Municipal Income Fund II, Inc. and RiverNorth Capital & Income Fund, Inc., with the latter having undergone name changes from RiverNorth Specialty Finance Corp and RiverNorth Marketplace Lending Corp. The company's business address is 360 S. Rosemary Ave, Suite 1420, West Palm Beach, FL 33401.
Why It Matters
This DEF 14A filing is crucial for shareholders as it contains important information regarding the company's annual meeting, including proposals to be voted on, executive compensation, and other governance matters.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEF 14A) and does not inherently indicate new risks.
Key Numbers
- 20240821 — Filing Date (The date the DEF 14A was filed with the SEC.)
- 20240919 — Period of Report (The period this filing pertains to.)
Key Players & Entities
- RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (company) — Filer
- RiverNorth Managed Duration Municipal Income Fund II, Inc. (company) — Related Filer
- RiverNorth Capital & Income Fund, Inc. (company) — Related Filer
- RiverNorth Specialty Finance Corp (company) — Former Company Name
- RiverNorth Marketplace Lending Corp (company) — Former Company Name
- 360 S. Rosemary Ave, Suite 1420, West Palm Beach, FL 33401 (location) — Business Address
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is filed by companies to solicit proxies from shareholders for their annual or special meetings.
Which RiverNorth funds are specifically mentioned in this filing?
The filing mentions RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., RiverNorth Managed Duration Municipal Income Fund II, Inc., and RiverNorth Capital & Income Fund, Inc.
What is the business address for these RiverNorth entities?
The business address listed is 360 S. Rosemary Ave, Suite 1420, West Palm Beach, FL 33401.
Has RiverNorth Capital & Income Fund, Inc. always had this name?
No, it was formerly known as RiverNorth Specialty Finance Corp and RiverNorth Marketplace Lending Corp, with name changes occurring on November 25, 2022, and April 15, 2020, respectively.
What is the SEC file number for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.?
The SEC file number for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is 811-23166.
Filing Stats: 4,789 words · 19 min read · ~16 pages · Grade level 8.3 · Accepted 2024-08-21 17:18:31
Key Financial Figures
- $0.0001 — ommon shares with a par value of $0.0001 per share. OPP has two classes of stock
Filing Documents
- fp0089570-1_def14a.htm (DEF 14A) — 275KB
- fp0089570-1_001.jpg (GRAPHIC) — 79KB
- fp0089570-1_002.jpg (GRAPHIC) — 75KB
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- fp0089570-1_014.jpg (GRAPHIC) — 83KB
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- fp0089570-1_020.jpg (GRAPHIC) — 83KB
- fp0089570-1_021.jpg (GRAPHIC) — 79KB
- fp0089570-1_022.jpg (GRAPHIC) — 83KB
- 0001398344-24-015110.txt ( ) — 2704KB
From the Filing
DEF 14A 1 fp0089570-1_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement. [ ] Confidential, for use of the Commission Only (as permitted by Rule 14a-6(e)(2)). [X] Definitive Proxy Statement. [ ] Definitive Additional Materials. [ ] Soliciting Material Pursuant to § 240.14a-12. RIVERNORTH/DOUBLELINE STRATEGIC OPPORTUNITY FUND, INC. RiverNorth Capital and Income Fund, Inc. RiverNorth Opportunities Fund, Inc. RiverNorth Opportunistic Municipal Income Fund, Inc. Rivernorth managed duration municipal income fund, inc. Rivernorth managed duration municipal income fund II, inc. Rivernorth Flexible municipal income fund, inc. RiverNorth Flexible Municipal Income FUnd II, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: [ ] Fee paid previously with preliminary materials: [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: RIVERNORTH/DOUBLELINE STRATEGIC OPPORTUNITY FUND, INC. RIVERNORTH Capital and Income Fund, Inc. RiverNorth opportunities Fund, Inc. RIVERNORTH OPPORTUNISTIC MUNICIPAL INCOME FUND, INC. RIVERNORTH MANAGED DURATION MUNICIPAL INCOME FUND, INC. RIVERNORTH MANAGED DURATION MUNICIPAL INCOME FUND II, INC. RIVERNORTH FLEXIBLE MUNICIPAL INCOME FUND, INC. RiverNorth Flexible Municipal Income FUnd II, Inc. 360 South Rosemary Avenue Suite 1420 West Palm Beach, Florida 33401 NOTICE OF Annual MEETING OF stockholders To be held September 19, 2024 RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (“OPP”), RiverNorth Capital and Income Fund, Inc. (“RSF”), RiverNorth Opportunities Fund, Inc. (“RIV”), RiverNorth Opportunistic Municipal Income Fund, Inc. (“RMI”), RiverNorth Managed Duration Municipal Income Fund, Inc. (“RMM”), RiverNorth Managed Duration Municipal Income Fund II, Inc. (“RMMZ”), RiverNorth Flexible Municipal Income Fund, Inc. (“RFM”), RiverNorth Flexible Municipal Income Fund II, Inc. (“RFMZ” and, together with OPP, RSF, RIV, RMI, RMM, RMMZ, and RFM, the “Funds”) each a Maryland corporation, will host a combined Annual Meeting of Stockholders on September 19, 2024 at the offices of RiverNorth Capital Management, LLC, 360 South Rosemary Avenue, Suite 1420, West Palm Beach, Florida 33401, at 10:00 a.m. (Eastern Time) (the “Annual Meeting” or “Meeting”). The Annual Meeting is being held so that stockholders can consider the following proposals: 1. To elect Directors to the Board of Directors (each a “Board”) of each Fund as outlined below: a. For OPP: to elect one (1) Class I Director by all stockholders, voting together; and to elect one (1) Class I Director by Preferred Shares only. b. For RSF : to elect one (1) Class I Director by all stockholders, voting together; and to elect one (1) Class I Director by Preferred Shares only. c. For RIV: to elect one (1) Class I Director by all stockholders, voting together; and to elect one (1) Class I Director by Preferred Shares only. d. For RMI, to elect two (2) Class I Directors. e. For RMM, to elect two (2) Class I Directors. f. For RMMZ, to elect two (2) Class I Directors. g. For RFM, to elect two (2) Class I Directors. h. For RFMZ, to elect two (2) Class I Directors. 2. To transact such other business as may properly come before the Annual Meeting or any adjournments or postponements thereof. THE BOARD of directors of each fund UNANIMOUSLY RECOMMENDS THAT STOCKHOLDERS VOTE FOR THE ELECTION OF THE APPLICABLE NOMINEES. Stockholders of record of each Fund at the close of business on August 16, 2024 are entitl