SCHEDULE: Morgan Stanley Discloses Stake in RiverNorth/DoubleLine Fund

Morgan Stanley and its subsidiary, Morgan Stanley Smith Barney LLC, have filed a Schedule 13G, reporting beneficial ownership of 15.5% of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.'s 4.75% Series B Cumulative Preferred Shares.

Summary

• Morgan Stanley and its subsidiary, Morgan Stanley Smith Barney LLC, have jointly filed a Schedule 13G, indicating their beneficial ownership of securities in the RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
• The filing pertains to the 4.75% Series B Cumulative Preferred Shares of the fund.
• As of March 31, 2026, the reporting entities collectively beneficially own 372,374.00 shares.
• This ownership represents 15.5% of the total class of securities.
• Morgan Stanley Smith Barney LLC is identified as the entity directly holding the shares, and it is a wholly-owned subsidiary of Morgan Stanley.
• The filing asserts that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily a routine disclosure of beneficial ownership by an institutional investor, with no immediate positive or negative financial performance indicators.

Positives

• Morgan Stanley and its subsidiary have disclosed their significant beneficial ownership, providing transparency to the market.
• The ownership stake of 15.5% indicates a substantial investment in the RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Risks

• The filing does not detail specific risks associated with the investment, but any significant ownership stake inherently carries market and investment risks.
• Potential for future changes in beneficial ownership could impact the fund's stability or control.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future share acquisition or disposition by Morgan Stanley or its subsidiary.

Management Comments

• "In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release."
• "The securities being reported on by Morgan Stanley as a parent holding company are owned, or may be deemed to be beneficially owned, by Morgan Stanley Smith Barney LLC, a wholly-owned subsidiary of Morgan Stanley."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard disclosures for institutional investors crossing certain ownership thresholds, indicating significant holdings without necessarily implying control intentions. This filing confirms Morgan Stanley's substantial position in a specific preferred share class of the RiverNorth/DoubleLine Strategic Opportunity Fund.

Stakeholder Impact

• Shareholders of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.: Increased transparency regarding a significant institutional holder.
• Morgan Stanley and its subsidiary: Confirmation of their investment strategy and holdings.
• Regulators (SEC): Compliance with disclosure requirements.

Next Steps

• Morgan Stanley and Morgan Stanley Smith Barney LLC will continue to hold the reported securities.
• Future filings will be made if there are material changes in beneficial ownership.

Key Dates

Keywords

Schedule 13G, Morgan Stanley, Morgan Stanley Smith Barney LLC, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., Preferred Shares, Beneficial Ownership, SEC Filing, Investment Disclosure