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, Inc. (NYSE: SPE) will issue one transferable right for every five shares owned as of December 20, 2021. Each right allows the purchase of one share of Convertible Preferred Stock at $25.00, with an aggregate of 2,542,593 shares available. Rights expire on January 21, 2022. The Convertible Preferred Stock offers a 2.75% annual dividend and can be converted into common stock at $20.50 per share. Proceeds will fund a self-tender offer if the stock price is below 94% of its net asset value. Further details can be found in a filed registration statement with the SEC.
Special Opportunities Fund, Inc. (NYSE:SPE) has declared a year-end cash dividend of $0.69763 per share for common stockholders. This dividend comprises $0.30824 of long-term capital gains, $0.28189 of short-term capital gains, and $0.1075 of net investment income. The dividend will be paid on December 31, 2021 to stockholders of record as of December 21, 2021. Final determination of distribution sources will be made after year-end and could differ from the estimated amounts.
Special Opportunities Fund, Inc. (NYSE: SPE) has announced its Annual Meeting of Stockholders on December 8, 2021, at 11:00 a.m. Eastern time, to be held at Bulldog Investors' offices in Saddle Brook, NJ. Stockholders must register by contacting John Buckel at U.S. Bank Global Fund Services no later than December 3, 2021. For those unable to attend in person, dial-in details for questions can be obtained from Mr. Buckel. Stockholders are reminded to comply with security and COVID-19 protocols.
Special Opportunities Fund, Inc. (NYSE: SPE) has declared its next three monthly dividends under its managed distribution plan. The plan proposes an annual rate of 8%, amounting to $0.1075 per month, based on a net asset value of $16.13 as of December 31, 2020. The dividends will be paid on October 29, November 30, and December 31, 2021, with record dates set for October 20, November 18, and December 21, respectively. The distribution may include capital gains or return of capital if sufficient investment income is not available.
Special Opportunities Fund (NYSE: SPE) has declared its next three monthly dividends under its managed distribution plan, maintaining an annual rate of 8% based on a net asset value of $16.13 as of December 31, 2020. The planned dividends are $0.1075 for July, August, and September 2021, with respective record dates of July 21, August 20, and September 21, and payable dates of July 30, August 31, and September 30, 2021. The Fund may distribute long-term capital gains or return of capital if investment income is insufficient.
The Board of Directors of Special Opportunities Fund (NYSE: SPE) has announced the redemption of all outstanding shares of its Convertible Preferred Stock at $25 per share, effective at 5 pm EDT on July 9, 2021. Holders can convert their shares into Common Stock at a ratio of 1.9558 until the redemption date. As of June 30, 2021, the market price of the Convertible Preferred was approximately $29.50, significantly above the redemption price. The Fund has 11,806,970 shares of Common Stock outstanding, with a net asset value of $17.25 per share, and 524,171 shares of Convertible Preferred remaining.
Special Opportunities Fund (NYSE: SPE) declared a quarterly cash dividend of $0.21875 per share on its 3.50% Convertible Preferred Stock, Series B, payable on June 30, 2021. The Board has also opted for an Optional Redemption of outstanding Convertible Preferred shares at $25 per share on July 9, 2021. Holders can convert their shares into common stock until that date. Additionally, the Fund will increase monthly distributions to common stockholders to an annual rate of at least 8%, starting July 2021.
Special Opportunities Fund, Inc. (NYSE: SPE) has declared its next three monthly dividends under the managed distribution plan. The Fund plans to distribute at an annual rate of 7%, equating to 0.5833% per month, based on a net asset value of $16.13 as of December 31, 2020. The dividends for April, May, and June 2021 are set at $0.094 each, with record dates of April 21, May 19, and June 21, and payable dates of April 30, May 28, and June 30, respectively. The Board may amend or terminate the distribution plan, potentially impacting market prices.
Special Opportunities Fund, Inc. (NYSE: SPE) has announced a quarterly cash dividend for its 3.50% Convertible Preferred Stock, Series B. The dividend amounts to $0.21875 per share and is set to be paid on March 31, 2021. This payment will be distributed to shareholders who are on record as of March 22, 2021.
Special Opportunities Fund (NYSE: SPE) announced the declaration of three monthly dividends as part of its managed distribution plan. The monthly distribution rate is set at an annual rate of 7%, amounting to $0.094 per share for January, February, and March 2021, based on a net asset value of $16.13. The record and payable dates for these dividends are specified for each month. The Fund may adjust its managed distribution plan based on investment income availability, and shareholders will receive tax composition details via Form 1099-DIV.
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