Special Opportunities Fund Inc

Over the last 12 months, the Special Opportunities Fund has suffered less of a decline than the S&P 500 on a total return basis. Performance over 3 years and longer shows clear underperformance compared to the S&P 500.

Special Opportunities Fund: Bulldog Investors Show Some Bite Over The Full Cycle

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 Third Quarter of 2022

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The market has remained volatile as we have been experiencing through 2022. In fact, the major indexes have been reaching new lows as we went through April.

5 Closed-End Funds Bought In April 2022

SPE recently finished its tender offer; I used my proceeds to repurchase a larger position. This fund isn't for everyone, but I believe its uniqueness is attractive as a diversifier in an investor's portfolio.

SPE: Worth A Look At This Unique Fund

Special Opportunities Fund Declares Distributions For Second Quarter of 2022

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that its offer to purchase up to 1.25 million common shares of the Fund at 97% of the net asset value (“NAV”) per common share as determined at the close of the regular trading session of the New York Stock Exchange on April 1, 2022 expired at 5:00 p.m., Eastern Time on April 1, 2022. Based on information provided by American Stock Transfer & Trust Co., the depository for the Offer, a total

Special Opportunities Fund, Inc. Announces Results of Tender Offer

Special Opportunities Fund's tender offer to buy shares at 97% of NAV (i.e. at a 3% discount) looks even better now that the price has fallen to a 7.5% discount.

Act Fast If You Want To Take Advantage Of SPE Tender Offer

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Looking to stay one step ahead of inflation? Consider doing so with these seven high-yield monthly dividend stocks.

7 High-Yield Monthly Dividend Stocks to Buy in 2022

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that it is offering to purchase up to 1.25 million common shares of the Fund at 97% of the net asset value (“NAV”) per common share as determined at the close of the regular trading session of the New York Stock Exchange on the Expiration Date (as defined below). In accordance with the rules of the U.S. Securities and Exchange Commission (the “Commission”), the Fund may purchase additional share

Special Opportunities Fund, Inc. Announces Tender Offer

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) announced today that its rights offering to purchase up to 2,542,593 shares of a newly issued class of Convertible Preferred Stock at $25.00 per share expired on January 21, 2022. Based on preliminary results provided by American Stock Transfer & Trust Co., the Fund's subscription agent, a total of 2,334,954 shares will be issued for which the Fund will receive a total of $58,373,850. It is anticipated that

Special Opportunities Fund, Inc. Announces Completion of Rights Offering

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 dividends 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, 20

Special Opportunities Fund Declares Distributions for First Quarter Of 2022

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NAV performance, discount on NAV, and leverage constitute the three main parameters of my rule of thumb to select funds for a long-term CEF portfolio.

CEF Focus Investing: 'Everything You Always Wanted To Know About Total Return'

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) announced today that it will issue to its common stockholders of record as of December 20, 2021 one transferable right for every five shares of common stock held (rounded up for fractional rights) entitling the holders of such rights to purchase an aggregate of 2,542,593 shares of a newly issued class of Convertible Preferred Stock. The rights will expire on January 21, 2022 unless extended and will entitle the

Special Opportunities Fund, Inc. Commences Rights Offering

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund's Board of Directors has declared a year-end cash dividend of $0.69763 per share of common stock which is estimated to consist of $0.30824 of long term capital gains, $0.28189 of short term capital gains and $0.1075 of net investment income. The dividend is payable on December 31, 2021 to common stockholders of record as of December 21, 2021. The final determination of the sources

Special Opportunities Fund, Inc. Announces Dividend

SPE is an exciting investment option for investors who want to invest alongside Bulldog Investors. Bulldog Investors took a more aggressive activist approach with this fund, taking over complete control in 2009.

SPE: Attractive Valuation And A Managed 8% Distribution Plan

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 dividends 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 the second half of 2021, based on the net asset value of $16.13 of the Fund's common shares as

Special Opportunities Fund Declares Distributions For Fourth Quarter of 2021

Now that the convertible preferred is all taken care of, we have a bit more clarity on the valuation of the fund. The latest pricing and NAV updates give us an estimated discount of 7.30%, which is quite appealing.

SPE: Deep Discount, Attractive 8.3%+ Distribution And Appealing Portfolio

Special Opportunities Fund Declares Distributions For Third Quarter of 2021

NEW YORK--(BUSINESS WIRE)--As previously announced, the Board of Directors (the “Board”) of Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”), in accordance with the “Optional Redemption” provision of the prospectus for the Fund's Convertible Preferred Stock (the “Convertible Preferred), has determined to redeem all shares of the Convertible Preferred that are still outstanding at 5 pm EDT on July 9, 2021 at $25 per share. Holders of the Convertible Preferred may, until 5 pm EDT on July

Special Opportunities Fund, Inc. Provides Details on Redemption of Convertible Preferred Stock

SPE recently issued a press release with a lot of information involved. We will break all this information down to explain what is going on with SPE.

SPE: Latest Announcement - Overall Fund Remains Attractive

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 a quarterly cash dividend of $0.21875 per share on the Fund's 3.50% Convertible Preferred Stock, Series B (the “Convertible Preferred”). The dividend is payable on June 30, 2021 to holders of record as of June 21, 2021. The Fund also announced that the Board has determined, in accordance with the “Optional Redemption” provision of the

Special Opportunities Fund, Inc. Announces Dividend Declaration, Redemption of Convertible Preferred Stock, Increased Dividend, and Rights Offering

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Today, I wanted to go over two funds that should tentatively be launching in the future. The fund sponsors have filed with the SEC forms N-2 - this is a file to register new offerings, secondary offerings or anything that involves new shares being created.

2 New Closed-End Funds In The Pipeline

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 dividends 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 7% (or 0.5833% per month) for 2021, based on the net asset value of $16.13 of the Fund's common shares as of December 31, 20

Special Opportunities Fund Declares Distributions For Second Quarter of 2021

SPE has a distribution policy of 7% of NAV. This is attractive if the fund can support it. I continue a series where I examine CEFs beyond the yield with a look at SPE which offers exposure to SPACs.

News for Special Opportunities Fund Inc ETF (SPE)