RiverNorth/Double Line Strategic Income Fund to close to new investors

By Tali David

Minneapolis, Feb. 23 - RiverNorth Funds announced that effective March 31, the RiverNorth/Double Line Strategic Income Fund will be closed to new investors, according to a 497 filed with the Securities and Exchange Commission.

The following may purchase fund shares through existing fund accounts and reinvest dividends and capital gains in the fund:

• A current fund shareholder as of March 30;

• An investor who has previously entered into a letter of intent with the fund or RiverNorth Capital Management, LLC before March 30;

• A participant in a qualified defined contribution retirement plan that offers the fund as an investment option as of March 30;

• A wrap fee program or financial advisory firm charging asset-based fees with existing accounts as of March 30 purchasing shares on behalf of new and existing clients; or

• A client who maintains a managed account with RiverNorth Capital Management, LLC.

The fund's adviser is Chicago-based RiverNorth Capital.

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