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 announced the next three monthly distributions under its managed distribution plan, set at an annual rate of 8% based on a net asset value of $13.01 as of December 31, 2022. The distributions for January, February, and March 2023 will each be $0.0867, payable on January 31, February 28, and March 31, respectively. Should investment income be insufficient, the Fund may resort to distributing long-term capital gains or return of capital. Notably, the Board retains the right to amend or terminate the plan without prior notice.
Special Opportunities Fund, Inc. (NYSE: SPE) has announced a cash dividend of $0.171875 per share on its 2.75% Convertible Preferred Stock, Series C. This dividend will be paid on December 30, 2022, to shareholders on record as of December 20, 2022. This move reflects the Fund's commitment to providing returns to its investors and highlights its financial stability.
Special Opportunities Fund, Inc. (NYSE: SPE) announced a standstill agreement with Delaware Enhanced Global Dividend and Income Fund (NYSE: DEX) regarding DEX's proposed reorganization into abrdn Global Dynamic Dividend Fund (NYSE: AGD). The agreement includes a contingent tender offer for DEX to purchase up to 30% of its shares at 98% of the net asset value, pending shareholder approval. Chairman Phillip Goldstein believes this offer is beneficial for DEX shareholders and encourages their support for the reorganization.
The Special Opportunities Fund, Inc. (NYSE: SPE) will hold its Annual Meeting of Stockholders on December 14, 2022, at 10:00 a.m. Eastern time in New York City. To attend, stockholders must register by December 5, 2022, by contacting John Buckel at U.S. Bank Global Fund Services. Attendees must adhere to security and COVID-19 protocols.
For ongoing updates and information, stockholders can visit the Fund's website at www.specialopportunitiesfundinc.com.
Special Opportunities Fund (NYSE: SPE) has announced its next three monthly distributions under its managed distribution plan, set to an annual rate of 8% based on a net asset value of $16.55 as of December 31, 2021. Distributions of $0.11 per share will occur in October, November, and December 2022, with record and payable dates specified. The Fund may distribute capital gains or return of capital if investment income is insufficient. The Board retains the right to amend or terminate the distribution plan, which may affect the market price of the shares.
Special Opportunities Fund, Inc. (NYSE: SPE) has announced a cash dividend of $0.171875 per share for its 2.75% Convertible Preferred Stock, Series C. This dividend will be distributed on September 30, 2022, to shareholders recorded as of September 21, 2022. This announcement is a clear indication of the Fund's ongoing commitment to providing returns to its shareholders.
Special Opportunities Fund, Inc. (SPE) announced a litigation agreement concerning the dissolution of FAST Acquisition Corp. (FST), delaying the distribution of net assets to Class B shares until the Court's ruling. Class A shares will be redeemed post-August 25, 2022, and the winding up of FST will proceed. The agreement restricts the payment of approximately $10.5 million for taxes, loans, professional fees, litigation defense, and other expenses. Chairman Phillip Goldstein emphasized the focus on ensuring equitable distribution of assets to all stockholders.
Special Opportunities Fund, Inc. (NYSE: SPE) has filed a class action lawsuit in the Delaware Court of Chancery against FAST Acquisition Corp. (NYSE: FST). The lawsuit aims to prevent insiders from appropriating FAST's net assets upon the company's impending dissolution. FAST was unable to complete a business combination by its August 25, 2022, deadline and plans to dissolve while retaining a breakup fee of up to $33 million from Fertitta Entertainment. SPE claims FAST's Board has a fiduciary duty to distribute these assets equitably to all stockholders.
Special Opportunities Fund, Inc. (NYSE: SPE) has declared the next three monthly distributions under its managed distribution plan, targeting an annual distribution rate of 8% based on a net asset value of
The upcoming distributions are as follows: $0.11 for July (payable on
Special Opportunities Fund has declared a cash dividend of $0.171875 per share on its 2.75% Convertible Preferred Stock, Series C. This dividend is scheduled to be paid on June 30, 2022, to stockholders of record as of June 21, 2022. The announcement reflects the Fund's commitment to providing returns to its shareholders and maintaining its dividend policy.
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