RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) N-CSRS Certified semi-annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-23166

(Investment Company Act File Number)

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

(Exact Name of Registrant as Specified in Charter)

325 North LaSalle Street, Suite 645

Chicago, Illinois 60654

(Address of Principal Executive Offices)

Marcus L. Collins, Esq.

RiverNorth Capital Management, LLC

325 North LaSalle Street, Suite 645

Chicago, Illinois 60654

(Name and Address of Agent for Service)

(312) 832-1440

(Registrant’s Telephone Number)

Date of Fiscal Year End:June 30

Date of Reporting Period:December 31, 2019

Item 1. Reports to Stockholders.

Beginning on January 1, 2021, as permitted by regulations adopted by the U.S. Securities and Exchange Commission, paper copies of the Fund’s annual and semi-annual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on the Fund’s website at www.RiverNorth.com and you will be notified by mail each time a report is posted and provided with a website link to access the report.

You may, notwithstanding the availability of shareholder reports online, elect to receive all future shareholder reports in paper free of charge. If you invest through a financial intermediary, you can contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. If you invest directly with a Fund, you can call 1-888-848-7569 to let the Fund know you wish to continue receiving paper copies of your shareholder reports.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Fund electronically anytime by contacting your financial intermediary (such as a broker-dealer or bank) or, if you are a direct investor, by enrolling at www.RiverNorth.com.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Table of Contents

Performance Overview	2
Schedule of Investments	5
Statement of Assets and Liabilities	21
Statement of Operations	22
Statements of Changes in Net Assets	23
Statement of Cash Flows	24
Financial Highlights	26
Notes to Financial Statements	29
Dividend Reinvestment Plan	38
Additional Information	40
Consideration and Approval of Advisory and Sub-Advisory Agreements	41

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Performance Overview December 31, 2019 (Unaudited)

WHAT IS THE FUND’S INVESTMENT STRATEGY?

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the "Fund") seeks to achieve its investment objective by allocating its Managed Assets among the two principal investment strategies described below:

Tactical Closed-End Fund Income Strategy (10% - 35% of Managed Assets): This strategy seeks to (i) generate returns through investments in closed-end funds, exchange-traded funds and business development companies (collectively, the “Underlying Funds”) that invest primarily in income-producing securities, and (ii) derive value from the discount and premium spreads associated with closed-end funds.

Opportunistic Income Strategy (65% - 90% of Managed Assets): This strategy seeks to generate attractive risk-adjusted returns through investments in fixed income instruments and other investments, including agency and non-agency residential mortgage-backed and other asset-backed securities, corporate bonds, municipal bonds, and real estate investment trusts. At least 50% of the Managed Assets allocated to this strategy is invested in mortgage-backed securities.

HOW DID THE FUND PERFORM RELATIVE TO ITS BENCHMARK DURING THE REPORTING PERIOD?

PERFORMANCEas of December 31, 2019

TOTAL RETURN(1)	6 Months	1 Year	3 Years(3)	Since Inception(2)(3)
RiverNorth/DoubleLine StrategicOpportunity Fund, Inc. – NAV(4)	1.68%	10.64%	5.67%	5.71%
RiverNorth/DoubleLine StrategicOpportunity Fund, Inc. – Market(5)	2.52%	14.45%	6.20%	3.45%
Bloomberg Barclays U.S. AggregateBond Index(6)	2.45%	8.72%	4.03%	2.68%

⁽¹⁾  Total returns assume reinvestment of all distributions

⁽²⁾  The Fund commenced operations on September 28, 2016.

⁽³⁾  Annualized.

⁽⁴⁾  Performance returns are net of management fees and other Fund expenses.

⁽⁵⁾  Market price is the value at which the Fund trades on an exchange. This market price can be more or less than its net asset value ("NAV").

⁽⁶⁾  The Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged index of investment grade fixed-rate debt issues with maturities of at least one year. The index cannot be invested in directly and does not reflect fees and expenses.

The total annual expense ratio as a percentage of net assets attributable to common shares as of December 31, 2019 is 1.91% (excluding interest on facility loan payable). Including interest on facility loan payable, the expense ratio is 3.04%.

Performance data quoted represents past performance, which is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares may be worth more or less than their original cost. You can obtain performance data current to the most recent month end by calling (844) 569-4750. Total return measures net investment income and capital gain or loss from portfolio investments. All performance shown assumes reinvestment of dividends and capital gains distributions.

2 (888) 848-7569 | www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Performance Overview December 31, 2019 (Unaudited)

GROWTH OF A HYPOTHETICAL $10,000 INVESTMENT

The graph below illustrates the growth of a hypothetical $10,000 investment assuming the purchase of common shares at the closing market price (NYSE: OPP) of $20.00 on September 28, 2016 (commencement of operations) and tracking its progress through December 31, 2019.

Past performance does not guarantee future results. Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. An investment in the Fund involves risk, including loss of principal.

TOP TEN HOLDINGS*as of December 31, 2019

	% of Net Assets
Fannie Mae REMICS	2.79%
Western Asset High Income Opportunity Fund, Inc.	2.53%
Oxford Square Capital Corp.	2.50%
Freddie Mac REMICS	2.14%
Government National Mortgage Association	2.07%
Federal Home Loan Mortgage Corp. REMICS	2.06%
Freddie Mac REMICS	2.04%
Freddie Mac REMICS	1.93%
Fannie Mae REMICS	1.89%
Fannie Mae REMICS	1.85%
	21.80%

* Holdings are subject to change and exclude short-term investments.

Semi-Annual Report | December 31, 2019 3

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Performance Overview December 31, 2019 (Unaudited)

ASSET ALLOCATIONas of December 31, 2019^

^	Holdings are subject to change.
	Percentages are based on net assets of the Fund and do not include derivatives.

4 (888) 848-7569 | www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 22.81%(a)
	13,000	AllianceBernstein Global High Income Fund, Inc.	$	157,690
	44,363	Ares Dynamic Credit Allocation Fund, Inc.		680,972
	27,215	Barings Global Short Duration High Yield Fund		477,079
	289,650	BlackRock Credit Allocation Income Trust		4,049,306
	66,196	BlackRock Floating Rate Income Trust		851,943
	296,982	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		3,750,883
	75,103	Brookfield Real Assets Income Fund, Inc.		1,603,449
	295,065	Eaton Vance Limited Duration Income Fund		3,909,611
	63,684	First Trust High Income Long/Short Fund		1,003,023
	49,045	First Trust Senior Floating Rate Income Fund II		615,515
	88,855	Highland Global Allocation Fund		829,906
	278,606	Highland Income Fund		3,463,073
	102,709	Invesco Dynamic Credit Opportunities Fund		1,165,747
	38,981	Invesco High Income Trust II		556,649
	667,219	Invesco Senior Income Trust		2,862,370
	97,813	NexPoint Credit Strategies Fund		1,732,268
	452,364	Nuveen Credit Strategies Income Fund		3,469,632
	190,920	PGIM Global High Yield Fund, Inc.		2,867,618
	152,444	PGIM High Yield Bond Fund, Inc.		2,347,638
	140,149	PIMCO Energy & Tactical Credit Opportunities Fund		2,312,458
	220,291	Western Asset Emerging Markets Debt Fund, Inc.		3,143,553
	290,706	Western Asset Global High Income Fund, Inc.		2,912,874
	318,995	Western Asset High Income Fund II, Inc.		2,150,026
	1,152,337	Western Asset High Income Opportunity Fund, Inc.		5,842,348
TOTAL CLOSED-END FUNDS
(Cost $52,119,309)				52,755,631
COMMON STOCKS-0.00%(a)(b)
	705	McDermott International, Inc.(c)		477
TOTAL COMMON STOCKS
(Cost $0)				477

Shares/Description			Rate		Maturity		Value
BUSINESS DEVELOPMENT COMPANY NOTES-5.58%(a)
United States - 5.58%
	38,563	Capital Southwest Corp.	5.95	%		12/15/2022		1,007,281
	227,236	Oxford Square Capital Corp.	6.50	%		03/30/2024		5,789,951
	33,285	Portman Ridge Finance Corp.	6.13	%		09/30/2022		839,281
	29,898	Stellus Capital Investment Corp.	5.75	%		09/15/2022		760,306
	120,261	THL Credit, Inc.	6.75	%		12/30/2022		3,042,603
	21,044	THL Credit, Inc.	6.13	%		10/30/2023		552,195

See Notes to Financial Statements.

Semi-Annual Report | December 31, 2019 5

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

Shares/Description			Rate		Maturity		Value
	35,926	TriplePoint Venture Growth BDC Corp.	5.75	%		07/15/2022	$	912,682
								12,904,299
TOTAL BUSINESS DEVELOPMENT COMPANY NOTES
(Cost $12,682,445)								12,904,299

Principal Amount/Description			Rate		Maturity	Value
FOREIGN CORPORATE BONDS-4.42%(a)
Argentina - 0.28%
$	150,000	Banco Macro SA(d)(e)	6.75	%	11/04/2026		121,927
	250,000	Cia General de Combustibles SA(e)	9.50	%	11/07/2021		209,475
	200,000	Telecom Argentina SA(f)	8.00	%	07/18/2026		192,627
	150,000	YPF SA(e)	8.50	%	07/28/2025		141,439
							665,468
Austria - 0.12%
	250,000	Klabin Austria GmbH(e)	7.00	%	04/03/2049		273,875
Brazil - 0.23%
	250,000	Banco do Brasil SA(d)(e)(g)	6.25	%	Perpetual Maturity		254,128
	300,000	CSN Islands XII Corp.(e)(g)	7.00	%	Perpetual Maturity		276,658
							530,786
British Virgin Islands - 0.09%
	200,000	C10 Capital SPV, Ltd.(d)(e)(g)	3M US L + 4.71%		Perpetual Maturity		198,000
Canada - 0.22%
	250,000	Canacol Energy, Ltd.(e)	7.25	%	05/03/2025		264,232
	250,000	Gran Tierra Energy, Inc.(f)	7.75	%	05/23/2027		234,464
							498,696
Cayman Islands - 0.36%
	250,000	Banco BTG Pactual SA(d)(e)	7.75	%	02/15/2029		265,152
	250,000	Banco Mercantil del Norte SA/Grand  Cayman(d)(e)(g)	7.63	%	Perpetual Maturity		267,634
	250,000	Latam Finance, Ltd.(e)	7.00	%	03/01/2026		271,086
							803,872
Chile - 0.33%
	250,000	AES Gener SA(d)(e)	7.13	%	03/26/2079		262,823
	250,000	Geopark, Ltd.(e)	6.50	%	09/21/2024		261,356
	250,000	VTR Finance BV(e)	6.88	%	01/15/2024		256,146
							780,325

See Notes to Financial Statements.

6 (888) 848-7569 | www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

Principal Amount/Description			Rate			Maturity	Value
China - 0.09%
$	200,000	Agile Group Holdings, Ltd.(d)(g)		6.88	%	Perpetual Maturity	$	200,071
Colombia - 0.11%
	250,000	Gilex Holding Sarl(e)		8.50	%	05/02/2023		269,168
Dominican Republic - 0.12%
	250,000	Aeropuertos Dominicanos Siglo XXI SA(e)		6.75	%	03/30/2029		276,964
Great Britain -0.11%
	250,000	Vedanta Resources Finance II PLC(f)		9.25	%	04/23/2026		248,709
Guatemala - 0.11%
	250,000	Energuate Trust(e)		5.88	%	05/03/2027		258,837
Hong Kong - 0.08%
	200,000	RKP Overseas Finance, Ltd.(g)		7.95	%	Perpetual Maturity		192,547
India - 0.11%
	250,000	Network i2i, Ltd.(d)(f)(g)		5.65	%	Perpetual Maturity		247,375
Indonesia - 0.11%
	230,000	Star Energy Geothermal Wayang Windu, Ltd.(e)		6.75	%	04/24/2033		243,906
Ireland - 0.12%
	250,000	C&W Senior Financing DAC(e)		6.88	%	09/15/2027		267,913
Luxembourg -0.32%
	200,000	JSL Europe SA(e)		7.75	%	07/26/2024		216,119
	250,000	Millicom International Cellular SA(e)		6.25	%	03/25/2029		276,210
	250,000	Minerva Luxembourg SA(e)		5.88	%	01/19/2028		262,965
								755,294
Mexico - 0.94%
	200,000	Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand(d)(g)		8.50	%	Perpetual Maturity		212,187
	250,000	BBVA Bancomer SA(d)(e)		5.13	%	01/18/2033		252,821
	200,000	Braskem Idesa SAPI(f)		7.45	%	11/15/2029		213,452
	242,250	Cometa Energia SA de CV(e)		6.38	%	04/24/2035		264,279

See Notes to Financial Statements.

Semi-Annual Report | December 31, 2019 7

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

Principal Amount/Description			Rate			Maturity	Value
$	250,000	Credito Real SAB de CV SOFOM ER(d)(e)(g)		9.13	%	Perpetual Maturity	$	263,674
	250,000	Docuformas SAPI de CV(f)		10.25	%	07/24/2024		254,169
	262,403	Fermaca Enterprises S RL(e)		6.38	%	03/30/2038		286,267
	250,000	Financiera Independencia SAB de CV SOFOM ENR(e)		8.00	%	07/19/2024		233,856
	250,000	Unifin Financiera SAB de CV(d)(e)(g)		8.88	%	PerpetualMaturity		230,483
								2,211,188
Netherlands - 0.34%
	250,000	AES Andres BV / Dominican Power Partners / Empresa Generadora de Electricidad It(e)		7.95	%	05/11/2026		266,027
	200,000	Metinvest BV(e)		7.75	%	10/17/2029		205,201
	250,000	Petrobras Global Finance BV		6.90	%	03/19/2049		293,694
								764,922
Singapore - 0.11%
	250,000	Medco Oak Tree Pte, Ltd.(e)		7.38	%	05/14/2026		255,147
Spain - 0.12%
	250,000	AI Candelaria Spain SLU(f)		7.50	%	12/15/2028		281,024
TOTAL FOREIGN CORPORATE BONDS
(Cost $9,865,739)								10,224,087
U.S. CORPORATE BONDS - 0.41%(a)
Food - 0.12%
	250,000	NBM US Holdings, Inc.(f)		7.00	%	05/14/2026		271,346
Mining - 0.13%
	300,000	Freeport-McMoRan, Inc.		5.45	%	03/15/2043		311,280
Telecommunications - 0.16%
	410,000	Intelsat Jackson Holdings SA(f)		8.50	%	10/15/2024		374,295
TOTAL U.S. CORPORATE BONDS
(Cost $867,228)								956,921
FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 0.12%(a)
	250,000	Dominican Republic International Bond(f)		6.40	%	06/05/2049		274,921
TOTAL FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES
(Cost $254,223)								274,921

See Notes to Financial Statements.

8 (888) 848-7569 | www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

Principal Amount/Description			Rate	Maturity		Value
BANK LOANS - 4.72%(a)(d)
Canada - 0.07%
$	165,000	Kronos Acquisition Intermediate, Inc., First Lien - Initial Term Loan	1M US L + 4.00%, 1.00% Floor		05/15/2023	$	162,443
Ireland - 0.07%
	175,000	ION Trading Technologies S.A.R.L., First Lien - 2018 Initial Dollar Term Loan(h)	3M US L + 4.00%, 1.00% Floor		11/21/2024		168,000
Jersey - 0.09%
	206,639	Capri Acquisitions BidCo, Ltd., First Lien - Initial Dollar Term Loan	3M US L + 3.00%		11/01/2024		205,063
Luxembourg - 0.10%
	239,400	Travelport Finance Luxembourg Sarl, First Lien - Initial Term Loan	3M US L + 5.00%		05/29/2026		224,557
United Kingdom -0.05%
	105,000	Connect Finco SARL, First Lien - B Term Loan	1M US L + 4.50%, 1.00% Floor		12/11/2026		105,779
United States - 4.34%
	199,999	Acrisure LLC, First Lien - 2017-2 Refinancing Term Loan	3M US L + 4.25%, 1.00% Floor		11/22/2023		200,874
	120,000	Air Medical Group Holdings, Inc., First Lien - 2018 New Term Loan	L + 4.25%, 1.00% Floor		03/14/2025		116,700
	522,474	Air Methods Corp., First Lien - Initial Term Loan	3M US L + 3.50%, 1.00% Floor		04/22/2024		459,234
	572,123	American Tire Distributors, Inc., First Lien - Initial Term Loan	1M US L + 7.50%, 1.00% Floor		09/02/2024		513,481
	215,547	Applied Systems, Inc., First Lien - Closing Date Term Loan(h)	3M US L + 3.25%, 1.00% Floor		09/19/2024		216,606
	207,759	AssuredPartners, Inc., First Lien - 2017 September Refinancing Term Loan	1M US L + 3.50%		10/22/2024		208,720
	124,063	Athenahealth, Inc., First Lien - B Term Loan	3M US L + 4.50%		02/11/2026		124,889

See Notes to Financial Statements.

Semi-Annual Report | December 31, 2019 9

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

Principal Amount/Description			Rate	Maturity		Value
$	230,000	Avaya, Inc., First Lien -Tranche B Term Loan	1M US L + 4.25%		12/15/2024	$	226,377
	19,396	Aventiv Technologies LLC, First Lien -  Initial Term Loan	1M US L + 4.50%, 1.00% Floor		11/01/2024		14,534
	125,000	BellRing Brands LLC, First Lien - B Term Loan	1M US L + 5.00%, 1.00% Floor		10/21/2024		126,641
	349,114	BI-LO LLC, First Lien - Initial Term Loan	3M US L + 8.00%, 1.00% Floor		05/31/2024		323,659
	64,347	Blackhawk Network Holdings, Inc., First Lien Term Loan	1M US L + 3.00%		06/15/2025		64,467
	323,325	Cengage Learning, Inc., First Lien -  2016 Refinancing Term Loan	1M US L + 4.25%, 1.00% Floor		06/07/2023		310,017
	208,108	CHG Healthcare Services, Inc., First Lien - 2017 New Term Loan	1M US L + 3.00%, 1.00% Floor		06/07/2023		209,799
	203,931	Cvent, Inc., First Lien Term Loan	1M US L + 3.75%, 1.00% Floor		11/29/2024		204,084
	214,020	Cyxtera DC Holdings, Inc., First Lien -  Initial Term Loan	1M US L + 3.00%, 1.00% Floor		05/01/2024		190,211
	229,418	Dhanani Group, Inc., First Lien Term Loan	1M US L + 3.75%		07/20/2025		223,682
	213,919	Equinox Holdings, Inc., First Lien -  Incremental B-1 Term Loan	1M US L + 3.00%, 1.00% Floor		03/08/2024		215,103
	198,541	Filtration Group Corp., First Lien - Initial Dollar Term Loan	1M US L + 3.00%		03/29/2025		199,617
	285,000	Flex Acquisition Co., Inc., First Lien - Incremental B-2018 Term Loan(h)	L + 3.25%		06/29/2025		283,575
	200,000	Granite US Holdings Corp., First Lien - B Term Loan	3M US L + 5.25%		09/30/2026		201,000
	207,282	Greeneden U.S. Holdings I LLC, First Lien - Tranche B-3 Dollar Term Loan	1M US L + 3.25%		12/01/2023		208,254
	518,696	Gulf Finance LLC, First Lien - Tranche B Term Loan	1M US L + 5.25%, 1.00% Floor		08/25/2023		408,519
	202,163	Hayward Industries, Inc., First Lien - Initial Term Loan	1M US L + 3.50%		08/05/2024		201,152

See Notes to Financial Statements.

10 (888) 848-7569 | www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

Principal Amount/Description			Rate	Maturity		Value
$	203,523	Hyland Software, Inc., First Lien - 2018 Refinancing Term Loan	1M US L + 3.50%, 0.75%Floor		07/01/2024	$	204,970
	196,976	Informatica LLC, First Lien -Dollar B-1Term Loan	1M US L + 3.25%		08/05/2022		198,067
	113,555	IRB Holding Corp., First Lien	3M US L + 3.25%, 1.00% Floor		02/05/2025		114,431
	139,643	Klockner Pentaplast of America, Inc., First Lien - Dollar Term Loan	3M US L + 4.25%, 1.00% Floor		06/30/2022		126,272
	129,350	Lower Cadence Holdings LLC, First  Lien - Initial Term Loan	1M US L + 4.00%		05/22/2026		128,300
	71,431	McDermott International, Inc., First  Lien - Facility Term Loan(h)	3M US L + 10.00%, 1.00% Floor		10/21/2021		73,127
	188,987	McDermott International, Inc., First  Lien Term Loan	3M US L + 5.00%, 1.00% Floor		05/09/2025		112,259
	373,120	Minotaur Acquisition, Inc., First Lien - B Term Loan	1M US L + 5.00%		03/27/2026		368,457
	210,174	Misys, Ltd., First Lien - Dollar Term  Loan	3M US L + 3.50%, 1.00% Floor		06/13/2024		209,153
	74,058	Mitchell International, Inc., First Lien - Initial Term Loan	1M US L + 3.25%		11/29/2024		73,607
	205,463	MLN US HoldCo LLC, First Lien -B Term Loan	1M US L + 4.50% 3M US L +		11/30/2025		195,018
	406,765	MPH Acquisition Holdings LLC, First  Lien - Initial Term Loan	2.75%, 1.00% Floor		06/07/2023		402,042
	45,000	Parexel International (West Street  Merger), First Lien - Initial Term Loan	1M US L + 2.75%		09/27/2024		44,269
	445,000	Peak 10 Holding Corp., First Lien - Initial Term Loan(h)	3M US L + 3.50%		08/01/2024		372,289
	133,308	Ply Gem Midco, Inc., First Lien -Initial  Term Loan	1M US L + 3.75% 3M US L +		04/12/2025		133,432
	158,188	Project Alpha Intermediate Holding, Inc., First Lien Term Loan	3.50%, 1.00% Floor		04/26/2024		158,782
	224,198	Radiology Partners, Inc., First Lien -B  Term Loan	3M US L + 4.75%		07/09/2025		225,694
	178,750	Refinitiv US Holdings, Inc., First Lien - Initial Dollar Term Loan	1M US L + 3.25%		10/01/2025		180,492

See Notes to Financial Statements.

Semi-Annual Report | December 31, 2019 11

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

Principal Amount/Description			Rate	Maturity		Value
$	230,000	Solenis Holdings LLC, First Lien - Initial Dollar Term Loan	3M US L + 4.00%		06/26/2025	$	228,160
	191,981	Sophia LP, First Lien - B Term Loan	3M US L + 3.25%, 1.00% Floor		09/30/2022		192,668
	390,000	Team Health Holdings, Inc., First Lien - Initial Term Loan(h)	1M US L + 2.75%, 1.00% Floor		02/06/2024		317,606
	204,799	United Natural Foods, Inc., First Lien - Initial Term Loan	1M US L + 4.25%		10/22/2025		175,999
	118,500	Verscend Holding Corp., First Lien - B Term Loan	1M US L + 4.50%		08/27/2025		119,586
	179,651	Vertafore, Inc., First Lien -Initial Term Loan	1M US L + 3.25%		07/02/2025		177,966
	70,000	Zelis Cost Management Buyer, Inc., First Lien - B Term Loan	1M US L + 4.75%		09/30/2026		70,474
							10,054,315
TOTAL BANK LOANS
(Cost $10,945,299)							10,920,157

COLLATERALIZED LOAN OBLIGATIONS - 3.25%(a)
		Apidos CLO XXI
	500,000	Series 2018-21A(d)(f)	3M US L + 8.25%	07/18/2027	453,630
		Apidos CLO XXIV
	500,000	Series 2018-24A(d)(f)	3M US L + 5.80%	10/20/2030	482,829
		Apidos CLO XXXII
	500,000	Series 2020-32A(d)(f)	3M US L + 6.75%	01/20/2033	500,000
		Barings CLO, Ltd.
	500,000	Series 2018-4A(d)(f)	3M US L + 5.82%	10/15/2030	479,039
		Canyon Capital CLO, Ltd.
	500,000	Series 2018-1A(d)(f)	3M US L + 5.75%	07/15/2031	459,838
		Carlyle Global Market Strategies CLO, Ltd.
	500,000	Series 2017-3A(d)(f)	3M US L + 5.50%	10/15/2030	443,590
	500,000	Series 2018-2RA(d)(f)	3M US L + 5.35%	05/15/2031	433,596
		Chenango Park CLO, Ltd.
	500,000	Series 2018-1A(d)(f)	3M US L + 5.80%	04/15/2030	485,249
		Dorchester Park CLO DAC
	500,000	Series 2018-1A(d)(f)	3M US L + 5.00%	04/20/2028	483,598
		Fillmore Park CLO, Ltd.
	500,000	Series 2018-1A(d)(f)	3M US L + 5.40%	07/15/2030	472,527
		Gilbert Park CLO, Ltd.
	500,000	Series 2017-1A(d)(f)	3M US L + 6.40%	10/15/2030	503,733

See Notes to Financial Statements.

12 (888) 848-7569 | www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

Principal Amount/Description			Rate	Maturity			Value
		Myers Park CLO, Ltd.
$	500,000	Series 2018-1A(d)(f)	3M US L + 5.50%		10/20/2030	$	470,285
		Neuberger Berman CLO XXIII, Ltd.
	500,000	Series 2018-23A(d)(f)	3M US L + 5.75%		10/17/2027		490,559
		THL Credit Wind River CLO, Ltd.
	500,000	Series 2018-2A(d)(f)	3M US L + 5.75%		07/15/2030		449,654
		Voya CLO, Ltd.
	500,000	Series 2018-2A(d)(f)	3M US L + 5.25%		07/15/2031		467,771
		Webster Park CLO, Ltd.
	500,000	Series 2018-1A(d)(f)	3M US L + 5.50%		07/20/2030		473,847
TOTAL COLLATERALIZED LOAN OBLIGATIONS
(Cost $7,999,332)							7,549,745

NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS -21.41%(a)
		AmeriHome GMSR Issuer Trust
	2,500,000	Series 2019-GT1(f)	4.68%	11/25/2026	2,460,685
		AREIT Trust
	538,000	Series 2019-CRE3(d)(f)	1M US L + 2.65%	07/14/2022	539,750
		Atrium Hotel Portfolio Trust
	433,000	Series 2018-ATRM(d)(f)	1M US L + 3.40%	06/15/2021	435,487
		Atrium XIII
	500,000	Series 2017-13A(d)(f)	3M US L + 6.05%	11/21/2030	491,963
		Atrium XIV LLC
	500,000	Series 2018-14A(d)(f)	3M US L + 5.65%	08/23/2030	480,373
		BAMLL Commercial Mortgage Securities Trust
	730,000	Series 2019-AHT(d)(f)	4.24%	03/15/2021	733,691
		Bancorp Commercial Mortgage Trust
	631,000	Series 2019-CRE5(d)(f)	1M US L + 2.35%	02/15/2022	632,557
		BBCMS Trust
	682,000	Series 2018-CBM(d)(f)	1M US L + 3.15%	07/15/2020	686,707
		BB-UBS Trust
	500,000	Series 2012-TFT(d)(f)	3.56%	06/05/2020	491,653
		BF Mortgage Trust
	315,000	Series 2019-NYT(d)(f)	1M US L + 3.00%	12/15/2020	317,683
		BFLD
	326,000	Series 2019-DPLO(d)(f)	1M US L + 3.19%	10/15/2021	326,673
		Blackbird Capital Aircraft Lease Securitization, Ltd.
	2,453,125	Series 2016-1A(f)(i)	5.68%	12/15/2024	2,548,280
		Braemar Hotels & Resorts Trust
	402,000	Series 2018-PRME(d)(f)	1M US L + 2.90%	06/15/2035	403,549

See Notes to Financial Statements.

Semi-Annual Report | December 31, 2019 13

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

Principal Amount/Description			Rate	Maturity		Value
		BX Commercial Mortgage Trust
$	321,000	Series 2019-IMC(d)(f)	1M US L + 1.90%		04/15/2021	$	322,569
		Carbon Capital VI Commercial Mortgage Trust
	316,000	Series 2019-FL2(d)(f)	1M US L + 2.85%		11/15/2021		318,519
		Castlelake Aircraft Securitization Trust
	370,561	Series 2018-1(f)	6.63%		06/15/2025		372,240
		Castlelake Aircraft Structured Trust
	1,250,000	Series 2019-1A(f)(j)(k)	0.00%		04/15/2039		1,234,375
		CIM Trust
	3,720,000	Series 2016-3RR B2(d)(f)	11.09%		01/27/2057		3,827,322
		Citigroup Commercial Mortgage Trust
	196,000	Series 2015-GC27(d)(f)	4.43%		01/10/2025		186,211
	192,000	Series 2016-GC36(f)	2.85%		01/10/2026		166,514
	319,000	Series 2018-TBR(d)(f)	1M US L +3.65%		12/15/2019		322,037
		COMM Mortgage Trust
	878,000	Series 2018-HCLV(d)(f)	1M US L + 2.18%		09/15/2020		876,443
		Commercial Mortgage Trust
	500,000	Series 2012-CR4(d)(f)	4.59%		11/15/2022		209,744
		Dryden 37 Senior Loan Fund
	500,000	Series 2017-37A(d)(f)	3M US L + 5.15%		01/15/2031		450,903
		Dryden 40 Senior Loan Fund
	500,000	Series 2018-40A(d)(f)	3M US L + 5.75%		08/15/2031		478,903
		Fontainebleau Miami Beach Trust
	660,000	Series 2019-FBLU(d)(f)	4.10%		12/10/2024		618,178
		FREMF Mortgage Trust
	108,722	Series 2016-KF22(d)(f)	1M US L + 5.05%		07/25/2023		111,638
		GMAC Commercial Mortgage Securities, Inc. Trust
	141,741	Series 2004-C3(d)(f)	5.14%		12/10/2041		142,585
		Government National Mortgage Association
	16,928,037	Series 2013-155(d)(l)(l)	0.17%		09/16/2053		268,976
		GPMT, Ltd.
	999,000	Series 2018-FL1(d)(f)	1M US L + 2.95%		04/19/2021		1,003,824
		Great Wolf Trust
	1,100,000	Series 2019-WOLF(d)(f)(j)	1M US L + 3.13%		12/15/2024		1,099,662
		GS Mortgage Securities Trust
	1,776,000	Series 2014-GC26(d)(f)	4.51%		11/10/2047		1,556,016
	655,000	Series 2018-TWR(d)(f)	1M US L + 3.92%		07/15/2021		660,872
		Hawaii Hotel Trust
	230,000	Series 2019-MAUI(d)(f)	1M US L + 2.75%		05/15/2021		230,683
		HPLY Trust
	214,236	Series 2019-HIT(d)(f)	1M US L + 3.90%		11/15/2021		214,503

See Notes to Financial Statements.

14 (888) 848-7569 | www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

Principal Amount/Description			Rate		Maturity		Value
		InSite Issuer LLC
$	3,000,000	Series 2016-1A(f)		6.41%		11/15/2046	$	3,118,448
		J.P. Morgan Chase Commercial Mortgage Securities Trust
	500,000	Series 2016-WIKI(d)(f)		4.01%		10/05/2021		504,249
		JP Morgan BB Commercial Mortgage Securities Trust
	1,062,000	Series 2014-C23(d)(f)		3.36%		10/15/2024		904,276
	632,000	Series 2015-C27(d)(f)		3.81%		02/15/2025		611,977
		JP Morgan Chase Commercial Mortgage Securities Trust
	107,519	Series 2006-LDP9		5.34%		05/15/2047		100,764
	411,000	Series 2011-C3(d)(f)		5.66%		03/15/2021		399,911
	130,000	Series 2014-C20(d)(f)		4.60%		06/15/2024		121,477
	320,000	Series 2019-MFP(d)(f)		1M US L + 3.00%		07/15/2021		321,301
	109,000	Series 2019-UES(f)		4.34%		05/05/2024		114,872
	525,000	Series 2019-UES(d)(f)		4.45%		05/05/2024		528,456
		JPMBB Commercial Mortgage Securities Trust
	9,475,000	Series 2013-C14(d)(f)(l)(l)		1.10%		08/15/2023		321,629
		LCM Loan Income Fund I Income Note Issuer, Ltd.
	500,000	Series 2018-27A(d)(f)		3M US L + 5.60%		07/16/2031		459,541
		LCM XIV LP
	500,000	Series 2018-14A(d)(f)		3M US L + 5.50%		07/20/2031		444,886
		LCM XVII LP
	500,000	Series 2018-17A(d)(f)		3M US L + 6.00%		10/15/2031		436,110
		Mello Warehouse Securitization Trust
	3,000,000	Series 2019-1(d)(f)		1M US L + 5.50%		05/14/2021		3,011,320
		Morgan Stanley Bank of America Merrill Lynch Trust
	119,000	Series 2015-C20(f)		3.07%		01/15/2025		110,852
		Morgan Stanley Capital I Trust
	330,000	Series 2017-ASHF(d)(f)		1M US L + 4.35%		11/15/2019		332,080
	350,000	Series 2018-SUN(d)(f)		1M US L + 3.05%		07/15/2020		351,200
		MSCG Trust
	555,000	Series 2018-SELF(d)(f)		1M US L + 3.05%		10/15/2020		556,993
		New Century Home Equity Loan Trust
	2,275,571	Series 2006-1(d)		1M US L + 0.18%		05/25/2036		2,163,412
		Octagon Investment Partners 26, Ltd.
	500,000	Series 2018-1A(d)(f)		3M US L + 8.09%		07/15/2030		434,592
		Octagon Investment Partners 45, Ltd.
	500,000	Series 2019-1A(d)(f)		3M US L + 7.69%		10/15/2032		503,335

See Notes to Financial Statements.

Semi-Annual Report | December 31, 2019 15

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

Principal Amount/Description			Rate		Maturity		Value
		Octagon Investment Partners XVI, Ltd.
$	500,000	Series 2018-1A(d)(f)		3M US L + 5.75%		07/17/2030	$	456,559
		Octagon Investment Partners XXI, Ltd.
	500,000	Series 2019-1A(d)(f)		3M US L + 7.00%		02/14/2031		497,636
		One Market Plaza Trust
	319,000	Series 2017-1MKT(f)		4.14%		02/10/2024		319,966
		PR Mortgage Loan Trust
	2,354,435	Series 2014-1(d)(f)		5.90%		09/25/2047		2,288,127
		RMAT LLC
	778,353	Series 2015-PR2(f)(i)		9.85%		11/25/2035		765,624
		Sofi Consumer Loan Program LLC
	1,000,000	Series 2017-1(d)(f)		4.73%		01/26/2026		1,024,840
		SoFi Professional Loan Program, LLC
	28,380	Series 2019-B(f)(j)		0.00%		08/17/2048		1,049,255
		Trimaran CAVU, Ltd.
	500,000	Series 2019-2A(d)(f)		3M US L + 4.72%		11/26/2032		499,985
		UBS-Barclays Commercial Mortgage Trust
	233,000	Series 2013-C5(d)(f)		4.08%		02/10/2023		223,662
		VMC Finance LLC
	492,691	Series 2019-FL3(d)(f)		1M US L + 2.65%		09/15/2036		493,916
		WAVE LLC
	484,400	Series 2019-1(f)		6.41%		09/15/2027		481,494
		Wells Fargo Commercial Mortgage Trust
	332,000	Series 2016-C33(f)		3.12%		03/15/2059		306,336
TOTAL NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $49,939,008)								49,480,849
U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 55.33%(a)
		Alternative Loan Trust
	937,258	Series 2005-48T1		5.50%		11/25/2035		826,346
	876,024	Series 2005-63(d)		3.71%		12/25/2035		838,720
	2,806,403	Series 2005-64CB		5.50%		12/25/2035		2,518,692
	1,310,395	Series 2006-26CB		6.50%		09/25/2036		1,048,006
	2,793,728	Series 2007-14T2		6.00%		07/25/2037		2,034,879
	2,405,159	Series 2007-16CB		6.25%		08/25/2037		2,019,939
	2,737,921	Series 2007-2CB		5.75%		03/25/2037		2,343,134
		Banc of America Funding Trust
	2,273,447	Series 2006-D(d)		3.52%		05/20/2036		2,048,671
		Banc of America Mortgage Trust
	1,948,416	Series 2007-3		6.00%		09/25/2037		1,890,662

See Notes to Financial Statements.

16 (888) 848-7569 | www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

Principal Amount/Description			Rate		Maturity			Value
		Bear Stearns ALT-A Trust
$	1,873,494	Series 2005-10(d)		4.07%		01/25/2036		$	1,757,926
		Bear Stearns ARM Trust					��
	1,410,417	Series 2006-2(d)		4.24%		07/25/2036			1,341,342
		Chase Mortgage Finance Trust Series
	3,490,590	Series 2007-S4(d)		1M US L + 0.60%		06/25/2037			1,695,400
		ChaseFlex Trust Series 2007-1
	2,823,736	Series 2007-1		6.50%		02/25/2037			1,603,905
		CHL GMSR Issuer Trust
	3,930,000	Series 2018-GT1(d)(f)		1M US L + 2.75%		05/25/2023			3,945,434
		CHL Mortgage Pass-Through Trust
	2,102,275	Series 2005-HYB1(d)		1M US L + 0.60%		03/25/2035			2,016,694
	2,596,496	Series 2007-9		5.75%		07/25/2037			2,137,566
	2,218,097	Series 2007-HYB1(d)		3.46%		03/25/2037			2,096,888
		Citigroup Mortgage Loan Trust
	1,034,870	Series 2007-AR5(d)		4.10%		04/25/2037			996,296
		Citigroup Mortgage Loan Trust, Inc.
	1,775,157	Series 2005-5(d)		3.83%		10/25/2035			1,311,152
		CSFB Mortgage-Backed Pass-Through Certificates
	1,371,882	Series 2005-9		5.50%		10/25/2035			1,171,794
		CSMC Mortgage-Backed Trust
	2,115,394	Series 2006-7		6.75%		08/25/2036			1,784,303
	2,117,031	Series 2007-1		6.00%		02/25/2037			1,843,010
		Fannie Mae REMICS
	4,549,046	Series 2011-101(d)(l)		5.90% - 1M US L		10/25/2041			701,525
	4,112,609	Series 2011-124(d)(l)		6.50% - 1M US L		12/25/2041			688,054
	4,820,237	Series 2012-20(d)(l)		6.45% - 1M US L		03/25/2042			803,205
	6,000,000	Series 2013-109		0.00%		07/25/2043			4,281,716
	4,284,527	Series 2013-36		3.00%		04/25/2043			4,360,731
	2,947,876	Series 2014-38		3.00%		09/25/2043			2,856,764
	6,453,021	Series 2014-58		3.00%		09/25/2044			6,453,418
	1,130,548	Series 2016-26(d)		7.62% - 1M US L		11/25/2042			1,069,761
		Federal Home Loan Mortgage Corp.
		Multifamily Structured Pass-Through Certificates
	5,500,000	Series 2013-K713(f)(l)		0.10%		05/20/2020			166
	2,500,000	Series 2013-K713(f)(k)		0.00%		05/25/2020			2,454,297
		Federal Home Loan Mortgage Corp.
		REMICS
	2,391,349	Series 2013-4170(d)		4.05% - 1M US L		01/15/2033			2,341,407
	4,434,682	Series 2017-4686		4.00%		03/15/2047			4,755,569

See Notes to Financial Statements.

Semi-Annual Report | December 31, 2019 17

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

Principal Amount/Description			Rate		Maturity		Value
		First Horizon Alternative Mortgage Securities Trust
$	732,098	Series 2005-AA8(d)		3.63%		10/25/2035	$	680,459
		FMC GMSR Issuer Trust
	3,000,000	Series 2019-GT1(d)(f)		5.66%		05/25/2024		3,073,799
		Freddie Mac REMICS
	4,297,415	Series 2010-3770		4.00%		12/15/2040		4,710,457
	6,138,269	Series 2011-3966(d)(l)		5.90% - 1M US L		12/15/2041		962,960
	4,668,392	Series 2016-4605		3.00%		08/15/2046		4,464,922
	4,898,707	Series 2017-4657		3.00%		02/15/2047		4,939,571
		Government National Mortgage Association
	4,614,281	Series 2017-17		3.50%		02/20/2047		4,781,103
		IndyMac INDX Mortgage Loan Trust
	1,341,344	Series 2004-AR4(d)		4.20%		08/25/2034		1,346,007
	2,738,367	Series 2007-FLX6(d)		1M US L + 0.25%		01/25/2016		2,749,472
		Luminent Mortgage Trust
	1,924,261	Series 2006-3(d)		1M US L + 0.20%		05/25/2036		1,815,765
	1,813,087	Series 2006-3(d)		1M US L + 0.21%		05/25/2036		1,743,082
		Nomura Asset Acceptance Corp. Alternative Loan Trust
	2,194,325	Series 2005-AP3(i)		5.19%		08/25/2035		1,443,148
	9,155,617	Series 2006-AR1(d)		1M US L + 0.54%		02/25/2036		2,981,210
		RALI Series Trust
	2,181,654	Series 2007-QA5(d)		5.94%		09/25/2037		2,073,576
		Residential Asset Securitization Trust
	2,593,695	Series 2005-A15		5.75%		02/25/2036		1,773,035
	2,492,666	Series 2007-A5		6.00%		05/25/2037		2,110,332
		RFMSI Trust
	1,452,018	Series 2005-SA2(d)		4.69%		06/25/2035		1,277,481
	2,891,073	Series 2006-S8		6.00%		09/25/2036		2,691,700
		Structured Adjustable Rate Mortgage Loan Trust
	1,097,101	Series 2005-22(d)		4.04%		12/25/2035		1,056,435
	2,340,022	Series 2007-8(d)		4.26%		09/25/2015		2,290,345
		Structured Asset Mortgage Investments II Trust
	645,402	Series 2005-AR7(d)		3.29%		03/25/2046		751,472
		WaMu Mortgage Pass-Through Certificates Trust
	1,851,705	Series 2006-AR10(d)		3.84%		08/25/2046		1,812,607
	1,596,767	Series 2006-AR6(d)		3.82%		08/25/2036		1,524,184
	1,828,829	Series 2007-HY3(d)		3.87%		03/25/2037		1,779,087

See Notes to Financial Statements.

18 (888) 848-7569 | www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

Principal Amount/Description			Rate		Maturity		Value
		Washington Mutual Mortgage Pass-Through Certificates WMALT Trust
$	1,677,230	Series 2005-8		5.50%		10/25/2035	$	1,671,701
	1,370,399	Series 2006-2		6.00%		03/25/2036		1,397,250
TOTAL U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES
(Cost $129,800,049)								127,938,532

Shares/Description			Value
SHORT-TERM INVESTMENTS -15.32%(a)
Money Market Fund - 15.32%
	35,440,641	State Street Institutional Trust (7 Day Yield 1.54%)(m)		35,440,641
TOTAL SHORT-TERM INVESTMENTS
(Cost $35,440,641)				35,440,641
TOTAL INVESTMENTS - 133.37%
(Cost $309,913,273)				308,446,260
LIABILITIES IN EXCESS OF OTHER ASSETS - (33.37)%				(77,168,229	)
NET ASSETS - 100.00%			$	231,278,031
Investment Abbreviations:
LIBOR - London Interbank Offered Rate
Libor Rates:
1M US L - 1 Month LIBOR as of December 31, 2019 was 1.76%
3M US L - 3 Month LIBOR as of December 31, 2019 was 1.91%

^(a)  All or a portion of the security has been pledged as collateral in connection with an open credit agreement. At December 31, 2019, the value of securities pledged amounted to $308,446,260, which represents approximately 133.37% of net assets.

^(b)  Less than 0.005%.

^(c)  Non-income producing security.

^(d)  Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at December 31, 2019. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.

See Notes to Financial Statements.

Semi-Annual Report | December 31, 2019 19

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Schedule of Investments December 31, 2019 (Unaudited)

^(e)  Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. These securities have been deemed liquid under procedures approved by the Fund's Board of Directors (The "Board"). As of December 31, 2019, the aggregate fair value of those securities was $7,653,768, representing 3.31% of net assets.

^(f)  Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund's Board of Directors and may normally be sold to qualified institutional buyers in transactions exempt from registration. Total fair value of Rule 144A securities amounts to $66,563,520, which represents approximately 28.78% of net assets as of December 31, 2019.

^(g)  Security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.

^(h)  All or a portion of this position has not settled as of December 31, 2019. The interest rate shown represents the stated spread over the London Interbank Offered Rate ("LIBOR" or "L") or the Euro Interbank Offered Rate ("EURIBOR" or "E") or the applicable LIBOR/EURIBOR floor; the Fund will not accrue interest until the settlement date, at which point LIBOR/EURIBOR will be established.

⁽ⁱ⁾  Step bond. Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect at December 31, 2019.

^(j)  The Level 3 assets were a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.

^(k)  Issued with a zero coupon. Income is recognized through the accretion of discount.

^(l)  Interest only securities.

^(m)  Seven-day yield as of December 31, 2019.

See Notes to Financial Statements.

20 (888) 848-7569 | www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Statement of Assets and Liabilities December 31, 2019 (Unaudited)

ASSETS:
Investment in securities:
At cost	$	309,913,273
At value	$	308,446,260
Cash		175,836
Receivable for fund investments sold		1,953,750
Interest receivable		1,100,701
Dividends receivable		133,372
Prepaid offering costs		22,940
Prepaid expenses and other assets		69,999
Total Assets		311,902,858
LIABILITIES:
Facility loan payable		73,500,000
Interest payable on facility loan		214,345
Facility loan fee payable		22,289
Payable for fund investments purchased		6,528,222
Payable to Adviser		244,067
Payable for fund accounting and administration fees		72,079
Payable for shareholder servicing		13,296
Payable for custodian fees		4,193
Payable for audit fees		13,423
Payable to transfer agent		1,174
Payable to Chief Compliance Officer		8,851
Payable to Directors		596
Other accrued expenses		2,292
Total Liabilities		80,624,827
Net Assets	$	231,278,031
NET ASSETS CONSIST OF:
Paid-in capital	$	241,039,933
Total distributable earnings/(accumulated deficit)		(9,761,902	)
Net Assets	$	231,278,031
PRICING OF SHARES:
Net Assets	$	231,278,031
Shares of common stock outstanding
(unlimited number of shares, $0.0001 par value)		13,384,868
Net Asset Value Per Share, Offering and Redemption Price Per Share	$	17.28

See Notes to Financial Statements.

Semi-Annual Report | December 31, 2019 21

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Statement of Operations For the Six Months Ended December 31, 2019 (Unaudited)

INVESTMENT INCOME:
Dividend income	$	2,137,701
Interest income		7,036,971
Foreign taxes withheld		(1,830	)
Total Investment Income		9,172,842
EXPENSES:
Investment Adviser fee		1,372,521
Interest expense on facility loan		1,136,438
Accounting and administration fee		278,630
Director expenses		61,859
Printing expenses		42,701
Facility loan fee		38,333
Legal expenses		36,271
Chief compliance officer		18,738
Audit expenses		15,631
Custodian expenses		14,341
Offering costs		13,307
Shareholder servicing expenses		13,296
Registration expenses		11,913
Insurance expenses		2,203
Transfer agent expenses		1,174
Miscellaneous expenses		997
Total Expenses		3,058,353
Net Investment Income		6,114,489
REALIZED AND UNREALIZED GAIN/(LOSS):
Net realized gain/(loss) on:
Investments		742,841
Net realized gain		742,841
Net change in unrealized appreciation/depreciation on:
Investments		(1,015,818	)
Net change in unrealized appreciation/depreciation		(1,015,818	)
Net Realized and Unrealized Loss on Investments		(272,977	)
Net Increase in Net Assets Resulting from Operations	$	5,841,512

See Notes to Financial Statements.

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RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Statements of Changes in Net Assets

	For the Six Months Ended December 31, 2019 (Unaudited)			For the Year Ended June 30, 2019
NET INCREASE/(DECREASE) IN NET ASSETS FROM OPERATIONS:
Net investment income	$	6,114,489		$	10,300,601
Net realized gain on investments and long-term capital gains from other investment companies		742,841			204,255
Net change in unrealized appreciation/depreciation on investments		(1,015,818	)		4,172,754
Net increase in net assets resulting from operations		5,841,512			14,677,610
DISTRIBUTIONS TO SHAREHOLDERS:
From distributable earnings		(12,112,963	)		(12,942,505	)
From tax return of capital					(9,082,869	)
Net decrease in net assets from distributions to shareholders		(12,112,963	)		(22,025,374	)
CAPITAL SHARE TRANSACTIONS:
Proceeds from sale of shares, net of offering costs		38,336,473			–
Reinvestment of distributions		–			–
Net increase in net assets from capital share transactions		38,336,473			–
Net Increase/(Decrease) in Net Assets		32,065,022			(7,347,764	)
NET ASSETS:
Beginning of period	$	199,213,009		$	206,560,773
End of period		231,278,031			199,213,009
Share Transactions:
Shares sold		2,371,081			–
Beginning of period		11,013,787			11,013,787
End of period		13,384,868			11,013,787

See Notes to Financial Statements.

Semi-Annual Report | December 31, 2019 23

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Statement of Cash Flows For the Six Months Ended December 31, 2019 (Unaudited)

CASH FLOWS FROM OPERATING ACTIVITIES:
Net increase in net assets resulting from operations	$	5,841,512
Adjustments to reconcile net increase in net assets from operations to net cash used in operating activities:
Purchase of investment securities		(39,293,022	)
Proceeds from disposition of long-term investment securities		25,105,656
Net proceeds from short-term investment securities		(17,179,975	)
Net realized gain from investment securities		(742,841	)
Net change in unrealized depreciation on investment securities		1,015,818
Amortization of premium and accretion of discount on investments		(1,057,211	)
(Increase)/Decrease in assets:
Interest receivable		40,332
Dividends receivable		257,995
Prepaid expenses and other assets		(65,674	)
Prepaid offering costs		(22,940	)
Increase/(Decrease) in liabilities:
Payable for interest due on facility loan		169,725
Facility loan fee payable		22,289
Payable for shareholder servicing		(75,977	)
Payable to Adviser		20,307
Payable for fund accounting, administration and transfer agent fees		(76,966	)
Payable for audit fees		(17,469	)
Payable for custodian fees		(2,544	)
Payable to Chief Compliance Officer		7,705
Payable to Directors		596
Other accrued expenses		(29,064	)
Net cash used in operating activities		(26,081,748	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sales of shares		38,336,473
Cash distributions paid to common shareholders		(12,112,963	)
Net cash provided by financing activities		26,223,510
Net increase in cash		141,762
Cash and foreign currency, beginning balance	$	34,074
Cash and foreign currency, ending balance	$	175,836
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest from bank borrowing:	$	966,713

See Notes to Financial Statements.

24 (888) 848-7569 | www.rivernorth.com

Page Intentionally Left Blank

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Financial Highlights For a share outstanding throughout the periods presented

Net asset value - beginning of period

Income from investment operations:

Net investment income^(b)

Net realized and unrealized gain/(loss) on investments

Total income from investment operations

Less distributions:

From net investment income

From tax return of capital

Total distributions

Capital share transactions:

Dilutuive effect of rights offering

Common share offering costs charged to paid-in capital

Total capital share transactions

Net increase/(decrease) in net asset value

Net asset value - end of period

Per common share market value - end of period

Total Return based on net asset value^(e)

Total Return based on market value^(e)

Ratios/Supplemental Data:

Net assets, end of period (in thousands)

Ratio of expenses to average net assets^(g)(h)

Ratio of net investment income to average net assets^(b)

Portfolio turnover rate

Facility loan payable (in thousands)

Asset coverage per $1,000 of facility loan payable^(j)

See Notes to Financial Statements. 

26 (888) 848-7569 | www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Financial Highlights For a share outstanding throughout the periods presented

For the Six Months Ended December 31, 2019 (Unaudited)			For the Year Ended June 30, 2019			For the Year Ended June 30, 2018			For the Period Ended June 30, 2017(a)
$	18.09		$	18.75		$	20.04		$	19.60
	0.54			0.94			1.06			0.94
	(0.05	)		0.40			(0.64	)		0.46
	0.49			1.34			0.42			1.40
	(1.10	)		(1.18	)		(1.40	)(c)		(0.92	)
	–			(0.82	)		(0.31	)		–
	(1.10	)		(2.00	)		(1.71	)		(0.92	)
	(0.19	)(d)		–			–			–
	(0.01	)		–			–			–
	(0.20	)		–			–			–
	(0.81	)		(0.66	)		(1.29	)		0.44
$	17.28		$	18.09		$	18.75		$	20.04
$	16.43		$	17.06		$	17.69		$	19.54
	1.68	%(f)		7.78	%		2.12	%		7.10	%(f)
	2.52	%(f)		8.50	%		(0.65	%)		2.50	%(f)
$	231,278		$	199,213		$	206,561		$	220,768
	3.04	%(i)		3.16	%		2.67	%		2.14	%(i)
	6.08	%(i)		5.17	%		5.42	%		5.28	%(i)
	10	%(f)		27	%		23	%		35	%(f)
$	73,500		$	73,500		$	73,500		$	71,500
$	4,147		$	3,711		$	3,811		$	4,090

^(a) Commenced operations on September 28, 2016.

^(b) Recognition of net investment income by the Fund is affected by the timing of the declarations of dividends by the underlying closed-end funds in which the Fund invests. The ratio does not include net investment income of the closed-end funds in which the Fund invests.

^(c) Includes net realized gain distributions of (0.09)

See Notes to Financial Statements.

Semi-Annual Report | December 31, 2019 27

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Financial Highlights For a share outstanding throughout the periods presented

^(d)  Represents the impact of the Fund's rights offering of 2,371,081 shares in December 2019 at a subscription price per share based on a formula. For more details please refer to Note 8 of the Notes to Financial Statements.

^(e)  Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund, assuming reinvestment of dividends. The net asset value and market price returns will differ depending upon the level of any discount from or premium to net asset value at which the Fund's shares traded during the period. Total return based on market value does not reflect sales load.

^(f)  Not annualized.

^(g)  Includes interest expenses of 1.13% for the six months ended December 31, 2019, 1.23% for the year ended June 30, 2019, 0.87% for the year ended June 30, 2018 and 0.46%

^(f) for the period from September 28, 2016 (commencement of operations) through June 30, 2017.

^(h)  Does not include expenses of the closed-end funds in which the Fund invests.

⁽ⁱ⁾  Annualized.

^(j)  Calculated by subtracting the Fund's total liabilities (excluding the facility loan and accumulated unpaid interest on facility loan) from the Fund's total assets and dividing by the outstanding facility loan balance.

See Notes to Financial Statements.

28 (888) 848-7569 | www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Notes to Financial Statements December 31, 2019 (Unaudited)

1. ORGANIZATION

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) is a closed-end management investment company that was organized as a Maryland corporation on June 22, 2016, and commenced investment operations on September 28, 2016. The investment adviser to the Fund is RiverNorth Capital Management, LLC (the “Adviser”). The Fund’s sub-adviser is DoubleLine Capital, LP (“Sub-Adviser”). The Fund is a diversified investment company with an investment objective to seek current income and overall total return.

The Fund seeks to achieve its investment objective by allocating its Managed Assets among two principal strategies; under normal market conditions, the Fund may allocate between 10% and 35% of its Managed Assets to the Tactical Closed-End Fund Income Strategy and 65% to 90% of its Managed Assets to the Opportunistic Income Strategy. The Adviser will determine the portion of the Fund’s Managed Assets to allocate to each strategy and may, from time to time, adjust the allocations.

2. SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies followed by the Fund. These policies are in conformity with generally accepted accounting principles in the United States of America (“GAAP”). The financial statements are prepared in accordance with GAAP, which requires management to make estimates and assumptions that affect the reported amounts and disclosures, including the disclosure of contingent assets and liabilities, in the financial statements during the reporting period. Management believes the estimates and security valuations are appropriate; however, actual results may differ from those estimates, and the security valuations reflected in the financial statements may differ from the value the Fund ultimately realizes upon sale of the securities. The Fund is considered an investment company for financial reporting purposes under GAAP and follows the accounting and reporting guidance applicable to investment companies as codified in Accounting Standards Codification (“ASC”) 946 – Investment Companies. The financial statements have been prepared as of the close of the New York Stock Exchange (“NYSE”) on December 31, 2019.

Security Valuation:The Fund’s investments are generally valued at their fair value using market quotations. If a market value quotation is unavailable a security may be valued at its estimated fair value as described in Note 3.

Security Transactions and Related Income: The Fund follows industry practice and records security transactions on the trade date basis. The specific identification method is used for determining gains or losses for financial statements and income tax purposes. Dividend income is recorded on the ex-dividend date or for certain foreign securities, when the information becomes available to the Fund and interest income and expenses are recorded on an accrual basis. Discounts and premiums on securities purchased are amortized or accreted using the effective interest method. Paydown gains and losses on mortgage-related and other asset-backed securities are recorded as components of interest income on the Statement of Operations. Withholding taxes on foreign dividends have been provided for in accordance with the Fund’s understanding of the applicable country’s tax rules and rates. The ability of issuers of debt securities held by the Fund to meet their obligations may be affected by economic and political developments in a specific country or region. Settlement on bank loans transactions may be in excess of seven business days. Interest only stripped mortgage backed securities (“IO Strips”) are securities that receive only interest payments from a pool of mortgage loans. Little to no principal will be received by the Fund upon maturity of an IO Strip. Periodic adjustments are recorded to reduce the cost of the security until maturity, which are included in interest income.

Semi-Annual Report  |  December 31, 2019 29

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Notes to Financial Statements December 31, 2019 (Unaudited)

Other:The Fund holds certain investments which pay dividends to their shareholders based upon available funds from operations. It is possible for these dividends to exceed the underlying investments’ taxable earnings and profits resulting in the excess portion of such dividends being designated as a return of capital. Distributions received from investments in securities that represent a return of capital or long-term capital gains are recorded as a reduction of the cost of investments or as a realized gain, respectively.

Share Valuation:The NAV is generally calculated as of the close of trading on the New York Stock Exchange (“the Exchange”) (normally 4:00 p.m. Eastern time) every day the Exchange is open. The NAV is calculated by dividing the value of all of the securities and other assets of the Fund, less the liabilities (including accrued expenses and indebtedness), by the total number of common shares outstanding.

Federal Income Taxes: The Fund has been treated as, and intends to qualify each year for special tax treatment afforded to, a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code, as amended (“IRC”). In order to qualify as a RIC, the Fund must, among other things, satisfy income, asset diversification and distribution requirements. As long as it so qualifies, the Fund will not be subject to U.S. federal income tax to the extent that it distributes annually its investment company taxable income and its “net capital gain”. If the Fund retains any investment company taxable income or net capital gain, it will be subject to U.S. federal income tax on the retained amount at regular corporate tax rates. In addition, if the Fund fails to qualify as a RIC for any taxable year, it will be subject to U.S. federal income tax on all of its income and gains at regular corporate tax rates.

Distributions to Shareholders:Distributions to shareholders, which are determined in accordance with income tax regulations, are recorded on the ex-dividend date. The treatment for financial reporting purposes of distributions made to shareholders during the year from net investment income or net realized capital gains may differ from their ultimate treatment for federal income tax purposes. These differences are caused primarily by differences in the timing of recognition of certain components of income, expense, or realized capital gain for federal income tax purposes. Where such differences are permanent in nature, they are reclassified in the components of the net assets based on their ultimate characterization for federal income tax purposes. Any such reclassification will have no effect on net assets, results of operations, or net asset values per share of the Fund.

The Fund maintains a level distribution policy. The Fund distributes to shareholders regular monthly cash distributions of its net investment income. In addition, the Fund distributes its net realized capital gains, if any, at least annually.

At times, to maintain a stable level of distributions, the Fund may pay out less than all of its net investment income or pay out accumulated undistributed income, or return capital, in addition to current net investment income. Any distribution that is treated as a return of capital generally will reduce a shareholder’s basis in his or her shares, which may increase the capital gain or reduce the capital loss realized upon the sale of such shares. Any amounts received in excess of a shareholder’s basis are generally treated as capital gain, assuming the shares are held as capital assets.

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RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Notes to Financial Statements December 31, 2019 (Unaudited)

The Board approved the implementation of the level distribution policy to make monthly cash distributions to common shareholders, stated in terms of a rate equal to 12.5 % of the average of the Fund’s NAV per share for the final five trading days of 2018, which amounted to $17.60. The Fund makes monthly distributions to common shareholders set at a level monthly rate of $0.18 per common share.

Previously the Board approved the adoption of a managed distribution plan in accordance with a Section 19(b) exemptive order whereby the Fund made monthly distributions to common shareholders set at a fixed monthly rate of $0.15 per common share.

The amount of the Fund’s distributions pursuant to the managed distribution plan are not related to the Fund’s performance and, therefore, investors should not make any conclusions about the Fund’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s managed distribution plan. The Board may amend, suspend or terminate the managed distribution plan at any time without notice to shareholders.

3. SECURITIES VALUATION AND FAIR VALUE MEASUREMENTS

Fair value is defined as the price that the Fund might reasonably expect to receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. GAAP establishes a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes.

Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value including using such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below.

● Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that a Fund has the ability to access at the measurement date;

● Level 2 – Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and

Semi-Annual Report  |  December 31, 2019 31

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Notes to Financial Statements December 31, 2019 (Unaudited)

● Level 3 – Significant unobservable prices or inputs (including the Fund’s own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

Equity securities, including closed-end funds and business development company notes, are generally valued by using market quotations, but may be valued on the basis of prices furnished by a pricing service when the Adviser or the Sub-Adviser believes such prices more accurately reflect the fair market value of such securities. Securities that are traded on any stock exchange are generally valued by the pricing service at the last quoted sale price. Lacking a last sale price, an exchange traded security is generally valued by the pricing service at its last bid price. Securities traded in the NASDAQ over-the-counter market are generally valued by the pricing service at the NASDAQ Official Closing Price. When using the market quotations or close prices provided by the pricing service and when the market is considered active, the security will be classified as a Level 1 security. Sometimes, an equity security owned by the Fund will be valued by the pricing service with factors other than market quotations or when the market is considered inactive. When this happens, the security will be classified as a Level 2 security. When market quotations are not readily available, when the Adviser or the Sub-Adviser determines that the market quotation or the price provided by the pricing service does not accurately reflect the current fair value, or when restricted or illiquid securities are being valued, such securities are valued as determined in good faith by the Adviser, Sub-Adviser, or Valuation Committee in conformity with guidelines adopted by and subject to review by the Board. These securities will be categorized as Level 3 securities.

Investments in mutual funds, including short term investments, are generally priced at the ending NAV provided by the service agent of the funds. These securities will be classified as Level 1 securities.

Domestic and foreign fixed income securities, including foreign and U.S. corporate bonds, foreign government bonds and notes, supranationals and foreign agencies, asset backed obligations, non- agency collateralized mortgage obligations, U.S. Government/Agency mortgage backed securities, bank loans, and collateralized loan obligations are normally valued on the basis of quotes obtained from brokers and dealers or independent pricing services. Foreign currency positions, including forward foreign currency contracts, are priced at the mean between the closing bid and asked prices at 4:00 p.m. Eastern Time. Prices obtained from independent pricing services typically use information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Data used to establish quotes includes analysis of cash flows, pre-payment speeds, default rates, delinquency assumptions and assumptions regarding collateral and loss assumptions. These securities will be classified as Level 2 securities.

Short-term investments in fixed income securities, excluding money market funds, with maturities of less than 60 days when acquired, or which subsequently are within 60 days of maturity, are valued by using the amortized cost method of valuation, which the Board has determined will represent fair value. These securities will be classified as Level 2 securities.

32 (888) 848-7569  |  www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Notes to Financial Statements December 31, 2019 (Unaudited)

In accordance with the Fund’s good faith pricing guidelines, the Adviser, Sub-Adviser, or Valuation Committee is required to consider all appropriate factors relevant to the value of securities for which it has determined other pricing sources are not available or reliable as described above. No single standard exists for determining fair value, because fair value depends upon the circumstances of each individual case. As a general principle, the current fair value of an issue of securities being valued by the Adviser, Sub-Adviser, or valuation committee would appear to be the amount which the owner might reasonably expect to receive for them upon their current sale. Methods which are in accordance with this principle may, for example, be based on (i) a multiple of earnings; (ii) discounted cash flow models; (iii) weighted average cost or weighted average price; (iv) a discount from market of a similar freely traded security (including a derivative security or a basket of securities traded on other markets, exchanges or among dealers); or (v) yield to maturity with respect to debt issues, or a combination of these and other methods. Good faith pricing is permitted if, in the Adviser’s, a Sub-Adviser’s, or the Valuation Committee’s opinion, the validity of market quotations appears to be questionable based on factors such as evidence of a thin market in the security based on a small number of quotations, a significant event occurs after the close of a market but before a Fund’s NAV calculation that may affect a security’s value, or the Adviser or a Sub-Adviser is aware of any other data that calls into question the reliability of market quotations.

Good faith pricing may also be used in instances when the bonds in which the Fund invests default or otherwise cease to have market quotations readily available.

The following is a summary of the inputs used at December 31, 2019 in valuing the Fund’s assets:

	Valuation Inputs
Investments in Securities at
Value*	Level 1		Level 2		Level 3		Total
Closed-End Funds	$	52,755,631	$	–	$	–	$	52,755,631
Common Stocks		477		–		–		477
Business Development
Company Notes		12,904,299		–		–		12,904,299
Foreign Corporate Bonds		–		10,224,087		–		10,224,087
U.S. Corporate Bonds		–		956,921		–		956,921
Foreign Government Bonds and
Notes, Supranationals and
Foreign Agencies		–		274,921		–		274,921
Bank Loans		–		10,920,157		–		10,920,157
Collateralized Loan Obligations		–		7,549,745		–		7,549,745
Non-Agency Collateralized
Mortgage Obligations		–		46,097,557		3,383,292		49,480,849
U.S. Government / Agency
Mortgage Backed Securities		–		127,938,532		–		127,938,532
Short-Term Investments		35,440,641		–		–		35,440,641
Total	$	101,101,048	$	203,961,920	$	3,383,292	$	308,446,260

* Refer to the Fund’s Schedule of Investments for a listing of securities by type.

Semi-Annual Report  |  December 31, 2019 33

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Notes to Financial Statements December 31, 2019 (Unaudited)

The changes of the fair value of investments for which the Fund has used Level 3 inputs to determine the fair value are as follows:

Asset Type	Balance as of June 30, 2019		Change in Unrealized Appreciation/ Depreciation		Purchases		Sales Proceeds		Transfer into Level 3		Transfer Out of Level 3		Balance as of December 31, 2019		Net change in unrealized appreciation/ depreciation included in the Statements of Operations attributable to Level 3 investments held at December 31, 2019
Non-Agency Collateralized Mortgage Obligations	$	–	$	2,412	$	1,097,250	$	–	$	2,283,630	$	–	$	3,383,292	$	42,217
	$	–	$	2,412	$	1,097,250	$	–	$	2,283,630	$	–	$	3,383,292	$	42,217

The table below provides additional information about the Level 3 Fair Value Measurements as of December 31, 2019:

Quantitative Information about Level 3 Fair Value Measurements

Asset Class	Fair Value (USD)	Valuation Technique	Unobservable Inputs(a)	Value/Range (Weighted Average)
Non-Agency Collateralized Mortgage Obligations	$3,383,292	Third-party vendor pricing service	Broker Quote	N/A

^(a) A change to the unobservable input may result in a significant change to the value of the investment as follows:

Unobservable Inputs	Impact to Value if Input Increases	Impact to Value if Input Decreases
Broker Quote	Increase	Decrease

4. INVESTMENT ADVISORY FEE AND OTHER TRANSACTIONS WITH AFFILIATES

The Adviser serves as the investment adviser to the Fund. Under the terms of the management agreement (the “Agreement”), the Adviser, subject to the supervision of the Board, provides or arranges to be provided to the Fund such investment advice as it deems advisable and will furnish or arrange to be furnished a continuous investment program for the Fund consistent with the Fund’s investment objectives and policies. As compensation for its management services, the Fund is obligated to pay the Adviser a fee computed and accrued daily and paid monthly in arrears at an annual rate of 1.00% of the average daily managed assets of the Fund. Managed assets are defined as the total assets of the Fund, including assets attributable to leverage, minus liabilities.

DoubleLine Capital, LP is the investment sub-adviser to the Fund. Under the terms of the sub- advisory agreement, the Sub-Adviser, subject to the supervision of the Adviser and the Board, provides or arranges to be provided to the Fund such investment advice as deemed advisable and will furnish or arrange to be furnished a continuous investment program for the portion of assets managed in the Fund consistent with the Fund’s investment objective and policies. As compensation for its sub-advisory services, the Adviser is obligated to pay the Sub-Adviser a fee computed and accrued daily and paid monthly in arrears based on an annual rate of 0.50% of the average daily managed assets of the Fund.

34 (888) 848-7569  |  www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Notes to Financial Statements December 31, 2019 (Unaudited)

ALPS Fund Services, Inc. (“ALPS”) provides the Fund with fund administration and fund accounting services. As compensation for its services to the Fund, ALPS receives an annual fee based on the Fund’s average daily net assets, subject to certain minimums.

State Street Bank & Trust, Co. serves as the Fund’s custodian.

DST Systems, Inc. (“DST”), the parent company of ALPS, serves as the Transfer Agent to the Fund. Under the Transfer Agency Agreement, DST is responsible for maintaining all shareholder records of the Fund. DST is a wholly-owned subsidiary of SS&C Technologies Holdings, Inc. (“SS&C”), a publicly traded company listed on the NASDAQ Global Select Market.

Prior to December 16, 2019, U.S. Bancorp Fund Services, LLC, d/b/a U.S. Bank Global Fund Services provided fund administration and fund accounting, transfer agent, and custodial services to the Fund.

Officers of the Fund and Directors who are “interested persons” of the Fund or the Adviser receive no salary or fees from the Fund, except the Chief Compliance Officer. Each Director who is not an “interested person” receive a fee of $16,500 per year plus $1,500 per meeting attended. In addition, the lead Independent Director receives $250 annually, the Chair of the Audit Committee receives $500 annually, and the Chair of the Nominating and Corporate Governance Committee receives $250 annually. The Fund reimburses each Director and Officer for his or her travel and other expenses relating to the attendance at such meetings. Certain officers and/or interested directors of the Fund are also officers of the Adviser.

5. FEDERAL INCOME TAXES

It is the Fund’s policy to meet the requirements of the IRC applicable to regulated investment companies, and to distribute all of its taxable net income to its shareholders. In addition, the Fund intends to pay distributions as required to avoid imposition of excise tax. Therefore, no federal income tax provision is required.

Tax Basis of Distributions to Shareholders: The character of distributions made during the year from net investment income or net realized gains may differ from its ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the fiscal year in which the income or realized gain were recorded by the Fund.

The tax character of the distributions paid by the Fund during the fiscal year ended June 30, 2019, was as follows:

	June 30, 2019
Ordinary Income	$	12,942,505
Return of Capital		9,082,869
Total	$	22,025,374

Semi-Annual Report  |  December 31, 2019 35

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Notes to Financial Statements December 31, 2019 (Unaudited)

Unrealized Appreciation and Depreciation on Investments: As of June 30, 2019, net unrealized appreciation/(depreciation) of investments based on federal tax costs was as follows:

Cost of investments for income tax purposes	$	309,994,837
Gross appreciation on investments (excess of value over tax cost)		7,029,410
Gross depreciation on investments (excess of tax cost over value)		(8,577,987	)
Net unrealized depreciation on investments	$	(1,548,577	)

6. INVESTMENT TRANSACTIONS

Investment transactions for the six months ended December 31, 2019, excluding short-term investments, were as follows:

Purchases		Sales
$	44,811,277	$	26,995,787

7. REVOLVING CREDIT FACILITY

The Fund may borrow money and/or issue preferred stock, notes or debt securities for investment purposes. These practices are known as leveraging. The Fund may use leverage through borrowings or the issuance of preferred stock, in an aggregate amount of up to 33 1/3% of the Fund’s Total Assets immediately after such borrowings or issuance.

On December 16, 2016, the Fund entered into a $75,000,000 secured, revolving, evergreen credit facility with U.S. Bank National Association (“U.S. Bank”). The Fund incurred a $75,000 administrative fee upon entering into the credit facility. The credit facility has a variable annual interest rate equal to one-month LIBOR plus 0.95 percent. The credit facility will accrue a commitment fee equal to an annual rate of 0.10 percent on $75,000,000.

The average principal balance and interest rate for the period during which the credit facility was utilized for the six months ended December 31, 2019 was approximately $73,500,000 and 3.067%, respectively. At December 31, 2019, the principal balance outstanding was $73,500,000 at an interest rate of 2.7625%. As of and for the six months ended December 31, 2019, the Fund reached its maximum amount outstanding of $73,500,000. Securities that have been pledged as collateral for the borrowings are indicated in the Schedule of Investments.

8. CAPITAL SHARE TRANSACTIONS

The Fund’s authorized capital stock consists of 50,000,000 shares of common stock, $0.0001 par value per share, all of which is initially classified as common shares. Under the rules of the NYSE applicable to listed companies, the Fund is required to hold an annual meeting of stockholders in each year.

On November 1, 2019, the Board approved a rights offering to participating shareholders of record as of November 12, 2019 (the “Record Date”) who were allowed to subscribe for new common shares of the Fund (the “Primary Subscription”). Record Date Shareholders received one right for each common share held on the Record Date (“Right”). For every three Rights held, a holder of the Rights was entitled to buy one new common share of the Fund. Record Date Shareholders who fully exercised all Rights initially issued to them in the Primary Subscription were entitled to buy those common shares that were not purchased by other Record Date Shareholders. The Fund issued 2,371,081 new shares of common stock as a result of the rights offering which closed on December 10, 2019 (the “Expiration Date”). The subscription price of $16.21 per share was established on the Expiration Date, which represented 92.5% of the reported net asset value on the Expiration Date. The offering costs of $98,750 were charged to paid-in-capital upon the exercise of the rights.

36 (888) 848-7569  |  www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Notes to Financial Statements December 31, 2019 (Unaudited)

Additional shares of the Fund may be issued under certain circumstances, including pursuant to the Fund’s Automatic Dividend Reinvestment Plan, as defined within the Fund’s organizational documents. Additional information concerning the Automatic Dividend Reinvestment Plan is included within this report.

9. INDEMNIFICATIONS

Under the Fund’s organizational documents, its Officers and Directors are indemnified against certain liabilities arising out of the performance of their duties to the Fund. Additionally, in the normal course of business, the Fund enters into contracts with service providers that may contain general indemnification clauses. The Fund’s maximum exposure under those arrangements is unknown, as this would involve future claims that may be made against the Fund that have not yet occurred.

10. ACCOUNTING PRONOUNCEMENTS

In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – changes to the Disclosure Requirements for Fair Value Measurements, which amended guidance on the disclosure requirements for fair value measurement. The update to Topic 820 includes added, eliminated, and modified disclosure requirements for investments measured at fair value. ASU 2018-13 is effective for fiscal years beginning after December 15, 2019, including interim periods. Early adoption is permitted for any eliminated or modified disclosures. The impact of the amended guidance on the Fund was the removal of the requirements to disclose (a) amounts of and reasons for transfers between Level 1 and 2 fair value measurements, (b) the valuation process for Level 3 fair value measurements, and (c) the policy for timing of transfers between levels. Management has evaluated the impact of this ASU and has adopted eliminated and modified disclosures.

11. SUBSEQUENT EVENTS

Subsequent to December 31, 2019, the Fund paid the following distributions:

Ex-Date	Record Date	Payable Date	Rate (per share)
January 16, 2020	January 17, 2020	January 31, 2020	$0.0917
February 13, 2020	February 14, 2020	February 28, 2020	$0.0917

Semi-Annual Report  |  December 31, 2019 37

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Dividend Reinvestment Plan December 31, 2019 (Unaudited)

The Fund has an automatic dividend reinvestment plan commonly referred to as an “opt-out” plan. Unless the registered owner of Common Shares elects to receive cash by contacting DST Systems, Inc. (the “Plan Administrator”), all dividends declared on Common Shares will be automatically reinvested by the Plan Administrator for shareholders in the Fund’s Automatic Dividend Reinvestment Plan (the “Plan”), in additional Common Shares. Common Shareholders who elect not to participate in the Plan will receive all dividends and other distributions in cash paid by check mailed directly to the shareholder of record (or, if the Common Shares are held in street or other nominee name, then to such nominee) by the Plan Administrator as dividend disbursing agent. Participation in the Plan is completely voluntary and may be terminated or resumed at any time without penalty by notice if received and processed by the Plan Administrator prior to the dividend record date; otherwise such termination or resumption will be effective with respect to any subsequently declared dividend or other distribution. Such notice will be effective with respect to a particular dividend or other distribution (together, a “Dividend”). Some brokers may automatically elect to receive cash on behalf of Common Shareholders and may re-invest that cash in additional Common Shares. Reinvested Dividends will increase the Fund’s Managed Assets on which the management fee is payable to the Adviser (and by the Adviser to the Sub-Adviser).

Whenever the Fund declares a Dividend payable in cash, non-participants in the Plan will receive cash and participants in the Plan will receive the equivalent in Common Shares. The Common Shares will be acquired by the Plan Administrator for the participants’ accounts, depending upon the circumstances described below, either (i) through receipt of additional unissued but authorized Common Shares from the Fund (“Newly Issued Common Shares”) or (ii) by purchase of outstanding Common Shares on the open market (“Open-Market Purchases”) on the NYSE or elsewhere. If, on the payment date for any Dividend, the closing market price plus estimated brokerage commissions per Common Share is equal to or greater than the NAV per Common Share, the Plan Administrator will invest the Dividend amount in Newly Issued Common Shares on behalf of the participants. The number of Newly Issued Common Shares to be credited to each participant’s account will be determined by dividing the dollar amount of the Dividend by the Fund’s NAV per Common Share on the payment date. If, on the payment date for any Dividend, the NAV per Common Share is greater than the closing market value plus estimated brokerage commissions (i.e., the Fund’s Common Shares are trading at a discount), the Plan Administrator will invest the Dividend amount in Common Shares acquired on behalf of the participants in Open-Market Purchases.

In the event of a market discount on the payment date for any Dividend, the Plan Administrator will have until the last business day before the next date on which the Common Shares trade on an “ex-dividend” basis or 30 days after the payment date for such Dividend, whichever is sooner (the “Last Purchase Date”), to invest the Dividend amount in Common Shares acquired in Open-Market Purchases. It is contemplated that the Fund will pay monthly income Dividends. If, before the Plan Administrator has completed its Open-Market Purchases, the market price per Common Share exceeds the NAV per Common Share, the average per Common Share purchase price paid by the Plan Administrator may exceed the NAV of the Common Shares, resulting in the acquisition of fewer Common Shares than if the Dividend had been paid in Newly Issued Common Shares on the Dividend payment date. Because of the foregoing difficulty with respect to Open-Market Purchases, the Plan provides that if the Plan Administrator is unable to invest the full Dividend amount in Open-Market Purchases during the purchase period or if the market discount shifts to a market premium during the purchase period, the Plan Administrator may cease making Open-Market Purchases and may invest the uninvested portion of the Dividend amount in Newly Issued Common Shares at the NAV per Common Share at the close of business on the Last Purchase Date.

38 (888) 848-7569  |  www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Dividend Reinvestment Plan December 31, 2019 (Unaudited)

The Plan Administrator maintains all shareholders’ accounts in the Plan and furnishes written confirmation of all transactions in the accounts, including information needed by shareholders for tax records. Common Shares in the account of each Plan participant will be held by the Plan Administrator on behalf of the Plan participant, and each shareholder proxy will include those shares purchased or received pursuant to the Plan. The Plan Administrator will forward all proxy solicitation materials to participants and vote proxies for shares held under the Plan in accordance with the instructions of the participants.

Beneficial owners of Common Shares who hold their Common Shares in the name of a broker or nominee should contact the broker or nominee to determine whether and how they may participate in the Plan. In the case of Common Shareholders such as banks, brokers or nominees which hold shares for others who are the beneficial owners, the Plan Administrator will administer the Plan on the basis of the number of Common Shares certified from time to time by the record shareholder’s name and held for the account of beneficial owners who participate in the Plan.

There will be no brokerage charges with respect to Common Shares issued directly by the Fund. However, each participant will pay a pro rata share of brokerage commissions incurred in connection with Open-Market Purchases. The automatic reinvestment of Dividends will not relieve participants of any federal, state or local income tax that may be payable (or required to be withheld) on such Dividends, even though such participants have not received any cash with which to pay the resulting tax. See “U.S. Federal Income Tax Matters” below. Participants that request a sale of Common Shares through the Plan Administrator are subject to brokerage commissions.

The Fund reserves the right to amend or terminate the Plan. There is no direct service charge to participants with regard to purchases in the Plan; however, the Fund reserves the right to amend the Plan to include a service charge payable by the participants. All correspondence or questions concerning the Plan should be directed to the Plan Administrator at (844) 569-4750.

Semi-Annual Report  |  December 31, 2019 39

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Additional Information December 31, 2019 (Unaudited)

PROXY VOTING GUIDELINES

A description of the policies and procedures that the Fund used to determine how to vote proxies relating to portfolio securities and information regarding how the Fund voted proxies during the most recent 12-month period ended June 30, are available without charge upon request by (1) calling the Fund at (888) 848-7569 and (2) from Form N-PX filed by the Fund with the SEC on the SEC’s website at www.sec.gov.

PORTFOLIO HOLDINGS DISCLOSURE POLICY

The Fund files a complete schedule of investments with the SEC for the first and third quarter of the fiscal year on Part F of Form N-PORT. The Fund’s first and third fiscal quarters end of September 30 and March 31. The Form N-PORT filing must be made within 60 days of the end of the quarter. The Fund’s Form N-PORT (and its predecessor Form, Form N-Q) are available on the SEC’s website at www.sec.gov. You may also obtain copies by calling the Fund at 1-888-848-7569.

40 (888) 848-7569  |  www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Consideration and Approval of Advisory and Sub-Advisory Agreements December 31, 2019 (Unaudited)

Consideration of Investment Advisory Agreement with RiverNorth Capital Management, LLC,

At an in-person meeting of the Board, held on November 12, 2019 and called expressly for that purpose, the Board, including a majority of the Trustees who are not “interested persons” (as defined in the 1940 Act (the “Independent Trustees”)), considered the approval of the Management Agreement between the Adviser and the Fund. The Board received materials compiled by the Adviser and the Fund’s administrator including a copy of the Management Agreement, the Adviser’s response to a questionnaire regarding the Adviser’s profitability, management and operations, a copy of the Adviser’s Form ADV, and certifications regarding the Adviser’s compliance programs. In its consideration of the Management Agreement, the Board considered information and materials furnished by the Adviser in advance of and at the meeting and was afforded the opportunity to request additional information and to ask questions of the Adviser to obtain information that it believed to be reasonably necessary to evaluate the terms of the Management Agreement. The Board considered the following factors, among others, in reaching its determination to renew the Management Agreement: (i) the investment performance of the Fund and the investment performance of the Adviser, (ii) the nature, extent and quality of the services provided by the Adviser to the Fund, (iii) the experience and qualifications of the personnel providing such services (iv) the costs of the services provided and the profits to be realized by the Adviser and any of its affiliates from the relationship with the Fund, (v) the extent to which economies of scale will be realized by the Fund as it grows, and (vi) whether the Fund’s fee levels reflected the economies of scale to the benefit of the Fund’s shareholders.

The Board did not consider any single factor as controlling in determining whether or not to approve the Management Agreement.

The Board reviewed the performance of the Fund for the three months, one-year, and since inception periods ended June 30, 2019. These returns were compared to the returns of mutual funds in FUSE Research Network, LLC’s (“FUSE”) Multisector Bond fund peer group. The Board noted in its review of the performance that the Fund’s performance was slightly below the median for its peer group for the one-year and since inception periods, and slightly above the median for its peer group for the three-month period. The Directors also noted that the Fund had underperformed its benchmark index for the three-month and one-year periods but overperformed since its inception. The Directors also reviewed the Fund’s performance relative to other funds managed by the Adviser. The Adviser noted the peer group is not entirely reflective of the Fund due to its unique investment structure. In consideration of each item noted, the Board agreed that the Fund’s performance was adequate.

As to the comparative fee and expenses, the Directors considered the management and the other fees paid by the Fund and compared those to the management and other fees paid by funds in the relative peer group determined by FUSE and the Multisector Bond fund universe. The Board noted that the Fund’s annual net expense ratio of 1.88% was higher than the Multisector Bond fund peer group median of 1.14%, which the Adviser noted was attributed to the sub-advisory relationship and the uniqueness of the Fund’s investment strategy. The Board noted that the highest expense ratio in the peer group was 1.88%, while the lowest was 0.80%.

Semi-Annual Report  |  December 31, 2019 41

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Consideration and Approval of Advisory and Sub-Advisory Agreements December 31, 2019 (Unaudited)

The Board also noted that the annual management fee of 1.37% for the Fund was slightly above the 1.02% median paid by the peer group. The Directors also reviewed the Fund’s fees relative to other funds managed by the Adviser. The Board, including the Independent Directors, determined that the fees were reasonable given the nature of the Fund’s investment strategy, the capabilities of the Adviser and the Sub-Adviser, and the nature of the services provided to the Fund.

As to the nature, extent and quality of the services to be provided by the Adviser to the Fund, the Board considered that under the terms of the Management Agreement, the Adviser would, subject to the supervision of the Board, provide or arrange to be provided to the Fund such investment advice as the Adviser, in its discretion, deems advisable and will furnish or arrange to be furnished a continuous investment program for the Fund consistent with the Fund’s investment objective and policies. The Board reviewed the Adviser’s Form ADV, which was previously provided to the Board and that provided details regarding the experience of each of the Adviser’s personnel. The Adviser also provided additional information regarding its experience managing other investment accounts. Based on the foregoing information, the Board, including the Independent Directors, concluded that the Adviser had provided quality services and would continue to do so for the Fund.

As to the cost of the services to be provided and to the profits to be realized by the Adviser, the Board reviewed the Adviser’s estimates of its profitability and its financial condition. The Board reviewed the Adviser’s financial statements and noted the Adviser’s financial condition is stable as income from its asset management operations have contributed to higher revenues for the Adviser. The Board acknowledged the Adviser’s management fees were comparable to those charged to other mutual funds to which the Adviser provides advisory or sub-advisory services. The Board, including the Independent Directors, determined that the Management Agreement, with respect to the Fund was not overly profitable to the Adviser and the financial condition of the Adviser was adequate.

The Board noted that the Adviser has no affiliations with the Fund’s transfer agent, fund accountant, custodian, or distributor and therefore does not derive any benefits from the relationships these parties may have with the Fund.

Consideration of Investment Sub-Advisory Agreement with DoubleLine Capital, LP

At an in-person meeting of the Board, held on November 12, 2019 and called expressly for that purpose, the Board, including the Independent Trustees, considered the approval of the sub-advisory agreement (the “Sub-Advisory Agreement”) between the Adviser and DoubleLine Capital, LP (“Sub-Adviser”). In its consideration of the Sub-Advisory Agreement, the Board considered information and materials furnished by the Adviser and the Sub-Adviser in advance of and at the meeting and was afforded the opportunity to request additional information and to ask questions of the Adviser to obtain information that it believed to be reasonably necessary to evaluate the terms of the Sub-Advisory Agreement. The Board received materials compiled by the Sub-Adviser including a copy of the Sub-Advisory Agreement, the Sub-Adviser’s response to a questionnaire regarding its profitability, management and operations, a copy of the Sub-Adviser’s Form ADV, and certifications regarding the Sub-Adviser’s compliance programs. The Board considered the following factors, among others, in reaching its determination to renew the Sub-Advisory Agreement: (i) the investment performance of the Fund and the investment performance of the Sub-Adviser, (ii) the nature, extent and quality of the services provided by Sub-Adviser to the Fund, (iii) the experience and qualifications of the personnel providing such services, (iv) the costs of the services provided and the profits to be realized by the Sub-Adviser and any of its affiliates from the relationship with the Fund, (v) the extent to which economies of scale will be realized by the Fund as it grows, and (vi) whether the fee level of the Fund reflected the economies of scale to the benefit of the Fund’s shareholders.

42 (888) 848-7569  |  www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Consideration and Approval of Advisory and Sub-Advisory Agreements December 31, 2019 (Unaudited)

The Board reviewed the performance of the portion of the Fund managed by DoubleLine relative to relevant securities indices, and to other accounts managed by DoubleLine. The Board recalled its deliberations regarding the Fund’s performance while considering the renewal of the Management Agreement. The Board, including the Independent Directors, concluded that the performance was adequate.

As to the comparative fees and expenses, the Board considered the management fee paid by the Fund to the Adviser and noted that the Adviser pays the Sub-Adviser from its fee, which the Board had previously determined was reasonable. The Board noted that the sub-advisory fee paid by the Adviser to the Sub-Adviser was reasonable as well, given the fees the Sub-Adviser charges other clients to manage similar strategies.

As to the nature, extent and quality of the services to be provided by the Sub-Adviser, the Board considered that under the terms of the Sub-Advisory Agreement, the Sub-Adviser would, subject to the supervision of the Board, provide to the Funds such investment advice as the Sub-Adviser, in its discretion, deems advisable and will furnish or arrange to be furnished a continuous investment program for the Fund consistent with the Fund’s investment objective and policies. The Board reviewed the Form ADV of the Sub-Adviser, which provided details regarding the experience of the Sub-Adviser’s investment personnel. The Sub-Adviser also provided additional information regarding its operations and experience managing other investment accounts. Based on the foregoing information, the Board, including the Independent Directors, concluded that the Sub-Adviser had provided quality services and would continue to do so for the Fund.

As to the cost of the services to be provided and to the profits to be realized by the Sub-Adviser, the Board reviewed the Sub-Adviser’s financial condition. The Board noted that the financial condition of the Sub-Adviser was stable. The Board, including the Independent Directors determined that the Sub-Advisory Agreement and the compensation to the Sub-Adviser was reasonable and the financial condition of the Sub-Adviser was adequate. The Board noted that the Sub-Adviser had no affiliations with the Fund’s transfer agent, fund accountant, custodian, or distributor and therefore does not derive any benefits from the relationships these parties may have with the Fund.

Semi-Annual Report  |  December 31, 2019 43

Board of Directors
Patrick W. Galley, CFA, Chairman
John K. Carter
John S. Oakes
J. Wayne Hutchens
David M. Swanson
Jerry R. Raio

Investment Adviser
RiverNorth Capital Management, LLC

Sub Adviser
DoubleLine Capital LP

Fund Administrator
ALPS Fund Services, Inc.

Transfer Agent and
Dividend Disbursing Agent
DST Systems, Inc.

Custodian
State Street Bank and Trust Company

Independent Registered
Public Accounting Firm
Cohen & Company, Ltd.

 

RiverNorth Capital Management, LLC
325 N. LaSalle Street, Suite 645

Chicago, IL 60654

Secondary market support provided to the Fund by ALPS Fund Services, Inc.’s
affiliate ALPS Distributors, Inc., a FINRA member.

This report is provided for the general information of the shareholders of the

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. This report is
not intended for distribution to prospective investors in the Fund,
unless preceded or accompanied by an effective prospectus.

Item 2. Code of Ethics.

Not applicable to semi-annual report.

Item 3. Audit Committee Financial Expert.

Not applicable to semi-annual report.

Item 4. Principal Accountant Fees and Services.

Not applicable to semi-annual report.

Item 5. Audit Committee of Listed Registrants.

Not applicable to semi-annual report.

Item 6. Schedule of Investments.

(a) Schedule of Investments is included as part of the Report to Stockholders filed under Item 1 of this form.

(b) Not applicable to the Registrant.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable to semi-annual report.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

(a) Not applicable to semi-annual report.

(b) Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which shareholders may recommend nominees to the Board of Directors of the Registrant.

Item 11. Controls and Procedures.

(a) The Registrant’s principal executive officer and principal financial officer have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no significant changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940, as amended) during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

None.

Items 13. Exhibits.

(a)(1) Not applicable to semi-annual report.

(a)(2) The certifications required by Rule 30a-2(a) of the Investment Company Act of 1940, as amended, and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto as EX-99.CERT.

(a)(3) Not applicable.

(a)(4) Not applicable.

(b) A certification for the Registrant’s Principal Executive Officer and Principal Financial Officer, as required by Rule 30a-2(b) of the Investment Company Act of 1940, as amended, and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto as EX-99.906CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant:RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

By:	/s/ Patrick W. Galley
Name:	Patrick W. Galley
Title:	President
Date:	March 10, 2020

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Patrick W. Galley
Name:	Patrick W. Galley
Title:	President
Date:	March 10, 2020

By:	/s/ Jonathan M. Mohrhardt
Name:	Jonathan M. Mohrhardt
Title:	Treasurer and Chief Financial Officer
Date:	March 10, 2020