OPP: Finally Time For This Eclectic Fund, 14% Yield [Seeking Alpha]
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP)
US:NYSE Investor Relations:
rivernorth.com/closed-end-funds/opp
Company Research
Source: Seeking Alpha
The fund is currently overweight small business loans, non-Agency MBS bonds and Treasuries, with a duration-oriented return profile. OPP has historically performed well during periods of low interest rates and is currently trading at a large discount to NAV, making it an attractive investment opportunity. The fund's true yield is lower than the stated 14% distribution yield. Unlike the majority of its peers, the CEF contains a large 13% bucket dedicated to U.S. treasuries. Thesis RiverNorth/DoubleLine Strategic Opportunity Fund ( OPP ) is a fixed income CEF. We covered this name almost two years ago, when we talked about a rights offering the CEF did in order Recommended For You Recommended For You About OPP Ticker More on OPP Related Stocks Trending Analysis Trending News
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Sec Filings
- 5/30/24 - Form NPORT-P
- 5/6/24 - Form SC
- OPP's page on the SEC website