Product Overview
The Fund seeks to provide current income and overall total return. While RiverNorth Capital Management, LLC (“RiverNorth”) believes markets are generally efficient, closed-end funds offer a unique structure whereby investors can purchase a diversified fund and potentially generate additional return through the change in the relationship between the closed-end fund’s market price and Net Asset Value (NAV)1 . RiverNorth also believes combining a closed-end fund strategy with a proven fixed income manager such as DoubleLine Capital LP (“DoubleLine®”) provides an attractive investment vehicle for investors.
Investment Strategy
RiverNorth allocates the Fund’s assets among three principal strategies: Tactical Closed-End Fund Income, Core Fixed Income and Opportunistic Income. RiverNorth manages the Tactical Closed-End Fund Income Strategy and DoubleLine manages the Core Fixed Income and Opportunistic Income Strategies. RiverNorth determines which portion of the Fund’s assets is allocated to each strategy based on market conditions, although there is no set minimum for any strategy. Therefore, the amount allocated to any individual strategy may vary between 0% and 100%. RiverNorth, however, anticipates it will, under normal circumstances, allocate some portion of the Fund’s assets to each of the three strategies at any given time
Product Material
Firm Overview
RiverNorth is an investment management firm founded in 2000 that specializes in opportunistic strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is an institutional investment manager to registered funds, private funds and separately managed accounts.
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Investors should consider the investment objective, management fees, risks, charges and expenses of the Fund carefully before investing. The Prospectus contains this and other information about the Fund. For a current Prospectus, call toll-free 888.848.7569 or visit rivernorth.com. Please read the Prospectus carefully before you invest.
Distributed by ALPS Distributors, Inc. Member FINRA
FLX Networks is a Promoter, as defined by the Marketing Rule – Rule 206(4)-1 under the U.S. Investment Advisers Act of 1940, of the investment products contained herein. For such promotion, FLX Networks is compensated between 5% and 50% (annualized) of the net management fee of the respective investment products on assets raised/serviced by FLX Networks. FLX Networks is not a client of any of the investment advisers promoted herein.