Welcome to our dedicated page for Special Opportunities Fund news (Ticker: SPE), a resource for investors and traders seeking the latest updates and insights on Special Opportunities Fund stock.
Special Opportunities Fund (SPE) is a US-based closed-end investment company managing a diversified portfolio across stocks, bonds, and alternative assets. This page serves as the definitive source for SPE's official announcements, financial updates, and market-related developments.
Investors and analysts will find curated press releases detailing earnings reports, portfolio adjustments, and strategic partnerships. All content is organized to help stakeholders monitor the fund's performance across sectors like renewable energy, healthcare, and real estate investment trusts.
Key updates include regulatory filings, dividend declarations, and management commentary on asset allocation strategies. Bookmark this page to stay informed about SPE's risk management approaches and position in the closed-end fund market.
Special Opportunities Fund (NYSE: SPE) has declared three monthly distributions for Q3 2024 under its managed distribution plan. The fund aims to distribute at an 8% annual rate (0.6667% monthly), based on its net asset value of $14.31 as of December 31, 2023. The distributions are set at $0.0954 per share for July, August, and September, with respective record and payable dates. In the absence of sufficient investment income, the fund will distribute long-term capital gains or return of capital. Additional year-end distributions may occur if net investment income and realized gains exceed the planned distributions. The Board retains the right to amend or terminate the plan, potentially impacting the market price of the shares. Stockholders will receive a notice estimating the composition of each distribution, with actual compositions detailed in a year-end Form 1099-DIV.
Special Opportunities Fund (NYSE: SPE) announced the results of BNY Mellon Municipal Income's (NYSE: DMF) annual stockholder meeting on June 12, 2024. Key outcomes include the election of Phillip Goldstein, Andrew Dakos, and Moritz Sell as Class I Directors, the approval of a non-binding proposal to declassify the Board, and the approval of a non-binding proposal for the Board to consider measures to allow stockholders to monetize their shares at a price near net asset value.
Special Opportunities Fund (NYSE: SPE) has announced a dividend declaration. The Board of Directors has approved a cash dividend of $0.171875 per share on the Fund’s 2.75% Convertible Preferred Stock, Series C. This dividend is scheduled to be paid on June 28, 2024, to shareholders recorded by June 18, 2024.
Special Opportunities Fund, Inc. (NYSE: SPE) provides an update on the settlement of a class action lawsuit against FAST Acquisition Corp., approving a $12.5 million gross cash payment to former shareholders of FAST's class A common stock as of August 25, 2022. The net settlement distribution to stockholders is expected to exceed $0.50 per share, with a distribution timeline by June 30, 2024. Stockholders in the class do not need to take action to receive the distribution.
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