Special Opportunities Fund Inc

Ares Capital

BlackRock Science & Technology

Crescent Capital BDC Inc

Calamos Dynamic Convertible & Income Fund

Calamos Global Total Return Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Fidus Investment

Guggenheim Strategic Opportunities Fund

John Hancock Tax-Advantaged Dividend Income Fund

JPMorgan Equity Premium Income ETF

JPMorgan Nasdaq Equity Premium Income ETF

Barings Corporate Investors

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Fund

John Hancock Premium Dividend Fund

PIMCO Corporate & Income Opportunity Fund

Global X NASDAQ 100 Covered Call ETF

Cohen & Steers Quality Income Realty Fund

Royce Value Trust

Global X Russell 2000 Covered Call ETF

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

Cohen & Steers Infrastructure Fund Inc

Total Return is the actual rate of return for an investment over a given evaluation period, typically one, three, five, or ten years. The Total NAV Return is the sum of all dividends/distributions, assuming they are reinvested, plus the change in the NAV of the fund, be it positive or negative. However, managing our portfolio is not only about applying financial rules, because it is not certain that dividends can and will always be reinvested.

My 9% Income Portfolio-Living Off Dividends

The Special Opportunities Fund focuses on discounted closed-end funds, undervalued operating companies, and other special distributions to generate absolute returns. Looking forward, with sold performance in 2023, the SPE fund will likely raise its distribution in the new year. This will likely help the fund narrow its discount to NAV. The SPE fund also has ample cash / money market securities on hand to fund a buyback if the discount persists.

SPE: Distribution Set To Increase In 2024

First Trust Dynamic Europe Equity Income Fund

SADDLE BROOK, N.J.--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) today announced that it has dismissed its lawsuit against the board of directors of First Trust Dynamic Europe Equity Income Fund (NYSE: FDEU) following (1) stockholder approval of a transaction to substantially eliminate the trading discount in FDEU's shares; and (2) rescission by the board of the control-share bylaw of FDEU and thirteen other closed-end funds managed by First Trust, which violated the Investment.

Special Opportunities Fund Dismisses Lawsuit Against First Trust Dynamic Europe Equity Income Fund After Stockholder Approval of Open-Ending Transaction But Condemns Seating of Incumbent Directors Without Quorum

SADDLE BROOK, N.J.--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) today announced that it has reached a settlement of a class action lawsuit filed in the Delaware Court of Chancery against FAST Acquisition Corp. regarding the distribution of FAST's net assets. The proposed settlement, which is subject to court approval, provides for a cash payment by the defendants of $12.5 million. Phillip Goldstein, Chairman of SPE and a managing partner of Bulldog Investors, LLP, SPE's invest.

Special Opportunities Fund Reaches Settlement With FAST Acquisition Corp.

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund's Board of Directors (the “Board”) has declared the next three monthly distributions under the Fund's managed distribution plan. Under the Fund's managed distribution plan, the Fund intends to make monthly distributions to common stockholders at an annual rate of 8% (or 0.6667% per month) for 2023, based on the net asset value of $13.01 of the Fund's common shares as of December 31.

Special Opportunities Fund Declares Distributions For Fourth Quarter of 2023

Special Opportunities Fund is a closed-end fund managed by Bulldog Investors known for using activist techniques to unlock value in rival funds. SPE currently trades at an 18% discount to NAV, and more action is needed from management to help reduce this discount. The fund aims to pay monthly distributions at a rate of 8% annually, but its small size may pose challenges in sustaining this distribution policy.

SPE: The Ironic Special Discount, Greater Action Needed

Reaves Utility Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Perfection is defined as being complete and correct in every way, and can be pursued in various fields, including art and investing. For years now, I have been employing all my strength in investing in CEFs and ETFs, plus some “flirtations” with ETNs and BDCs. My portfolio is certainly not perfect, but acceptably fulfills the task for which it was designed: namely, to provide me with a steady stream of dividends over time.

My 9% Income Portfolio - Nobody Is Perfect

Saba Capital Income & Opportunities Fund

Closed-end funds offer opportunities for investors to exploit discounts and premiums, with Bulldog Investors and Saba Capital Management being major activists in this space. Both Bulldog and Saba offer publicly traded CEFs that can pool some of their targets into these funds, providing discounted exposure to discounted investments. Despite the added expenses of investing through a CEF into another pool of CEFs, both funds offer attractive discounts, with Special Opportunities Fund looking particularly attractive.

SPE And BRW: Investing With The Activists

Special Opportunities Fund Declares Distributions For Third Quarter of 2023

SPE currently trades at an above average 17.3% discount to NAV. Way above its normal range. SPE has issued a 2.75% convertible preferred for leverage that also currently trades at a significant discount to par value.

Special Opportunities Fund: Opportunistic Investing CEF With Multiple Levels Of Discounts

My Income Portfolio And Return Of Capital.

My Income Portfolio And Return Of Capital

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (the “Fund”) (NYSE: SPE), announced today that effective immediately and, in accordance with Section 23(c) of the Investment Company Act of 1940, the Fund may, from time to time, purchase shares of its common stock and its convertible preferred stock, both without limitation, when they are trading at a discount to net asset value or to book value respectively, without reliance on the “safe harbor” provisions set forth in Rule 10b-18 of.

Special Opportunities Fund, Inc. Announces Modification of Share Repurchase Plan

Special Opportunities Fund targets special situations like undervalued companies, distressed assets, discounted closed-end funds, SPACs, etc. that are attractively discounted. SPE generated double-digit yield and has been offering monthly pay-outs since 2019. It also generated strong long-term average annual returns.

SPE CEF: Not For Long-Term Investors

SPE regularly trades at a discount, but that discount has been widening significantly. The fund suffered in 2022, as did most equities and bonds, but held up relatively better than the market.

SPE: A Discounted Opportunity

The world seeks complexity, but simplicity often trumps complexity. For my investment goals, I have made the choice to focus mainly on CEFs and ETFs, carefully weighing their merits and drawbacks.

My Income Portfolio - Keep It Simple, Sweetheart

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund's Board of Directors (the “Board”) has declared the next three monthly distributions under the Fund's managed distribution plan. Under the Fund's managed distribution plan, the Fund intends to make monthly distributions to common stockholders at an annual rate of 8% (or 0.6667% per month) for 2023, based on the net asset value of $13.

Special Opportunities Fund Declares Distributions For Second Quarter of 2023

Owl Rock Capital Corp

As in Led Zeppelin's famous song, for me, investments in high-dividend securities represent a kind of stairway to heaven. Indeed, their steady flow of money relieves psychological pressure during times of market uncertainty and helps me experience them with greater peace of mind.

My Income Portfolio: A Stairway To Heaven

Blackrock Inc

BlackRock Utilities Infrastructure & Power Opportunities Trust

Calamos Convertible Opportunities And Income Fund

Calamos Convertible And High Income Fund

Ellsworth Growth and Income Fund

Blackrock Floating Rate Income Strategies Fund Inc

Clough Global Opportunities Fund

abrdn Life Sciences Investors 

Invesco Senior Income Trust

Western Asset Diversified Income Fund

Waste Management

We have now closed on the first month of the new year, but my strategy of buying every month hasn't changed. The new year has started off with a bang, with the broader indexes jumping higher.

Kicking Off The New Year With 7 Closed-End Fund Buys In The Month Of January 2023

NEW YORK--( BUSINESS WIRE )--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund's Board of Directors (the “Board”) has declared the next three monthly distributions under the Fund's managed distribution plan.

Special Opportunities Fund Declares Distributions For First Quarter of 2023

Financial markets are set to close a difficult year amid the war in Ukraine, pandemic aftershocks, and inflation-eroding purchasing power. As always, the first rule for every investor is to try to survive and avoid making mistakes that could prove fatal.

My Income Portfolio's Year-End Check-Up

The Special Opportunities Fund is a special situations / activist hedge fund in a closed-end fund structure. The CEF has generated respectable long-term average annual returns of 6.8% over 10 years.

SPE: Distribution Set To Decline In 2023

Global X S&P 500 Covered Call ETF

Ten months of this troubling 2022 have passed, and my overall portfolio is beginning to take its final shape. Some positions have long since been completed, while for others, I am taking small acquisition steps each time the market turns downward.

My Income Portfolio - Memo From An 'Olive Farmer'

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund's Board of Directors (the “Board”) has declared the next three monthly distributions under the Fund's managed distribution plan. Under the Fund's managed distribution plan, the Fund intends to make monthly distributions to common stockholders at an annual rate of 8% (or 0.6667% per month) for 2022, based on the net asset value of $16.55 of the Fund's common shares as of December 31

Special Opportunities Fund Declares Distributions For Fourth Quarter of 2022

Apollo Senior Floating Rate Fund

Apollo Tactical Income Fund, Inc.

John Hancock Financial Opportunities Fund

Blackrock Debt Strategies Fund Inc

Eaton Vance

Macquarie Global Infrastructure Total Return Fund Inc

Credit asset classes (corporate loans, high yield bonds, etc.) pay investors interest (i.e. real cash). So even when all assets (stocks, bonds, etc.) are dropping in price, funds that hold credit assets keep cranking out the cash to pay distributions.

Choosing Closed-End Credit Funds Over Equity Funds: Collecting Real Cash Vs. 'Eating Your Seed Corn'

SPE comprises a unique blend of investments of other investment companies, SPACs, equity positions and fixed-income holdings. They have recently announced they are suing one of their underlying SPACs.

News for Special Opportunities Fund Inc ETF (SPE)