Special Opportunities Fund Stock Price, News & Analysis

Special Opportunities Fund and Bulldog Investors (NYSE: SPE), holding 2.1% of Tejon Ranch Co. (NYSE: TRC), are urging shareholders to elect Andrew Dakos, Phillip Goldstein, and Aaron Morris to TRC's ten-person Board of Directors. The investors criticize TRC's management of the Tejon Mountain Village (TMV) project, highlighting that despite being declared "fully entitled" since 2013, no development has begun. The company has spent over $100 million ($4 per share), including $70 million to buy out a joint venture partner, yet the land remains unchanged after twelve years. Dakos argues that shareholders' complaints about management accountability and questionable expenditures have negatively impacted TRC's stock price.

Special Opportunities Fund (NYSE: SPE) has announced its intention to solicit proxies for electing three independent directors to Tejon Ranch Co. (NYSE: TRC) at the upcoming annual shareholder meeting on May 13, 2025.

The Fund, as one of TRC's largest shareholders, expressed concerns about Tejon's long-term performance, with Chairman Phillip Goldstein noting that investors from forty years ago have seen virtually no returns, while those from twenty years ago have lost approximately 70% of their investment.

The Fund's nominees plan to focus on four key areas if elected:

• Capital allocation
• Executive compensation
• Communication and transparency
• Excessive expenses

The initiative aims to implement measures that could potentially lead to a significant increase in Tejon's share price.

Special Opportunities Fund (NYSE: SPE) has announced its quarterly distribution plan for Q2 2025. The Fund's Board of Directors declared three monthly distributions under its managed distribution plan, each amounting to $0.1098 per share.

The distributions are part of the Fund's annual distribution rate of 8% (0.6667% monthly) for 2025, based on the net asset value of $16.47 per common share as of December 31, 2025. The payments are scheduled for:

• April: Record Date April 22, Payable April 30
• May: Record Date May 20, Payable May 30
• June: Record Date June 17, Payable June 30

The distributions will include net investment income, net realized capital gains, and/or return of capital, with final composition to be reported on Form 1099-DIV after year-end.

Special Opportunities Fund (NYSE: SPE) has announced a dividend declaration for holders of its 2.75% Convertible Preferred Stock, Series C. The Fund's Board of Directors has approved a cash dividend of $0.171875 per share. The dividend will be payable on March 31, 2025, with a record date set for March 20, 2025.

Special Opportunities Fund (NYSE: SPE) has announced its Board's declaration of monthly distributions for Q1 2025 under its managed distribution plan. The Fund aims to distribute to common stockholders at an annual rate of 8% (0.6667% monthly) for 2025, based on the net asset value of $16.47 per common share as of December 31, 2024.

The declared monthly distributions are $0.1098 per share, payable on January 31, February 28, and March 31, 2025, with corresponding record dates of January 21, February 18, and March 18, 2025. The distributions will include net investment income, net realized capital gains, and/or return of capital. The Board retains the right to amend or terminate the plan without prior notice.

Special Opportunities Fund (NYSE: SPE) has announced that its Board of Directors has declared a cash dividend of $0.171875 per share on the Fund's 2.75% Convertible Preferred Stock, Series C. The dividend will be payable on December 31, 2024, to shareholders who are recorded as holders by December 19, 2024.

Special Opportunities Fund (NYSE: SPE) has announced its Annual Meeting of Stockholders, scheduled for December 11, 2024, at 11:00 a.m. Eastern time. The meeting will take place at Blank Rome LLP offices in New York. Stockholders must pre-register by December 4, 2024, by contacting John Buckel at U.S. Bank Global Fund Services and comply with required security protocols.

Special Opportunities Fund, Inc. (NYSE: SPE) has announced its next three monthly distributions under the Fund's managed distribution plan for the fourth quarter of 2024. The Fund aims to make monthly distributions to common stockholders at an annual rate of 8% (0.6667% per month) for 2024, based on the net asset value of $14.31 as of December 31, 2023.

The declared distributions are:

• October: $0.0954 (Record Date: October 22, 2024, Payable Date: October 31, 2024)
• November: $0.0954 (Record Date: November 19, 2024, Payable Date: November 29, 2024)
• December: $0.0954 (Record Date: December 17, 2024, Payable Date: December 31, 2024)

If sufficient investment income is not available, the Fund will distribute long-term capital gains and/or return of capital. The Board may amend or terminate the plan at any time, which could affect the market price of the Fund's common shares.

Special Opportunities Fund (NYSE: SPE) has declared a cash dividend of $0.171875 per share on its 2.75% Convertible Preferred Stock, Series C. The dividend will be paid on September 30, 2024 to shareholders of record as of September 18, 2024. This announcement demonstrates the Fund's commitment to providing regular income to its preferred stockholders. The dividend declaration may be seen as a positive signal of the Fund's financial health and its ability to meet its obligations to preferred shareholders.