SCHEDULE: Morgan Stanley Discloses 5.9% Stake in RiverNorth/DoubleLine Preferred Stock

Morgan Stanley and its subsidiary, Morgan Stanley Smith Barney LLC, have reported beneficial ownership of 5.9% of 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 amended 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.
• This ownership represents 5.9% of the outstanding class of securities.
• The event requiring this filing occurred on September 30, 2025.
• The securities were acquired and are 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 factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or prospects. It is a neutral regulatory report.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• Chris O'Hara, Authorized Signatory for Morgan Stanley, certified that the information is true, complete, and correct.
• David Galasso, Authorized Signatory for Morgan Stanley Smith Barney LLC, certified that the information is true, complete, and correct.
• The reporting persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Industry Context

This Schedule 13G filing indicates a significant passive investment by a major financial institution, Morgan Stanley, in a closed-end fund's preferred stock. Such filings are standard disclosures required when an entity acquires more than 5% beneficial ownership of a class of a company's voting equity securities, signaling a notable position without intent to control.

Stakeholder Impact

• Shareholders of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. will note a significant institutional investor, Morgan Stanley, holding a 5.9% stake in their preferred stock, which could be perceived as a vote of confidence or increased liquidity for the preferred shares.
• The issuer's management gains transparency regarding a major holder of its preferred stock.

Key Dates

Keywords

Morgan Stanley, RiverNorth/DoubleLine Strategic Opportunity Fund, Preferred Stock, Beneficial Ownership, Schedule 13G, Investment, Financial Services, Closed-End Fund