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Simpson Thacher represented the underwriters, led by Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Securities LLC in connection with the initial public offering of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”). The offering raised approximately $210 million, which would increase to approximately $242 million assuming full exercise of the overallotment option.

The Fund is a newly organized, diversified, closed-end management investment company which trades on the New York Stock Exchange under the symbol “OPP.” The Fund seeks to achieve its investment objective of current income and overall total return by allocating its managed assets among two principal strategies, the tactical closed-end fund income strategy and the opportunistic income strategy. RiverNorth Capital Management, LLC is the Fund’s investment adviser, and the Fund’s subadviser is DoubleLine Capital LP.

The Simpson Thacher team for the transaction included Sarah Cogan, Rajib Chanda, Rafael Vasquez and Meaghan Krupa (Capital Markets); Joyce Xu and Lily Chen (Derivatives); Jonathan Cantor and Michael Badain (Tax); and Jennie Getsin (Blue Sky and FINRA).