SCHEDULE: Morgan Stanley Discloses 5.9% Stake in RiverNorth Preferred Stock
Beneficial Ownership Report (Schedule 13G)
Morgan Stanley and its subsidiary, Morgan Stanley Smith Barney LLC, reported a 5.9% beneficial ownership stake in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.'s Series A Preferred Stock.
Summary
- Morgan Stanley and its wholly-owned subsidiary, Morgan Stanley Smith Barney LLC, have filed an Amendment No. 1 to Schedule 13G.
- The filing reports beneficial ownership of 142,275 shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.'s 4.375% Series A Cumulative Perpetual Preferred Stock (CUSIP: 76882G206).
- This ownership represents 5.9% of the total class of securities.
- The event requiring this filing occurred on September 30, 2025, with the filing signed on November 7, 2025.
- The securities are stated to be acquired and held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a neutral, factual disclosure of beneficial ownership, with no inherent positive or negative sentiment regarding the issuer's performance or prospects.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
The filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's or reporting persons' future outlook.
Management Comments
- NA
Industry Context
This Schedule 13G filing indicates that a major financial institution, Morgan Stanley, holds a significant passive stake in the preferred stock of an investment fund. Such filings are routine disclosures for institutional investors crossing a 5% ownership threshold, providing transparency to the market about large holdings without implying an intent to influence control.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| NA | NA | NA | NA | NA |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| NA | NA | NA | NA |
Legal Proceedings
- NA
Related Party Transactions
- Morgan Stanley Smith Barney LLC, one of the reporting persons, is a wholly-owned subsidiary of Morgan Stanley, the other reporting person. The beneficial ownership is reported collectively by these related entities.
Stakeholder Impact
- Shareholders of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. are informed of a significant institutional holder in their preferred stock, which can provide a degree of market confidence or liquidity insight.
- Regulatory bodies gain transparency into significant ownership stakes in publicly traded securities.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 09/30/2025 | Date of event which requires filing of this statement |
| 11/07/2025 | Date of filing and signature by authorized signatories |
Keywords
Morgan Stanley, RiverNorth/DoubleLine Strategic Opportunity Fund, Preferred Stock, Beneficial Ownership, Schedule 13G, Institutional Investor, Financial Services
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