Special Opportunities Fund Declares Distributions For Fourth Quarter of 2025

Rhea-AI Summary

Special Opportunities Fund (NYSE:SPE) announced three monthly distributions under its managed distribution plan at an annual rate of 8.0% (0.6667% per month) based on a $16.47 NAV as of Dec 31, 2024. The Fund declared $0.1098 per share for October, November, and December 2025 with record/payable dates: Oct 21/Oct 31, Nov 18/Nov 28, and Dec 16/Dec 31, 2025.

The distributions may include net investment income, net realized capital gains and/or return of capital. The Board can amend or terminate the plan at any time. Tax-year distribution composition will be reported on Form 1099-DIV; the Fund will issue a notice estimating each distribution's composition.

Positive

• Predictable monthly income: $0.1098 per share for Oct–Dec 2025 supports an 8.0% annual target
• Clear schedule: Specific record and payable dates for Oct 21/31, Nov 18/28 and Dec 16/31, 2025 aid investor planning
• Board oversight: Managed distribution plan gives the Fund flexibility to deliver regular cash to shareholders

Negative

• Possible return of capital: Distributions may include return of capital, which can reduce NAV and long‑term capital base
• Composition uncertainty: Actual tax and income composition unknown until year‑end Form 1099‑DIV
• Plan not guaranteed: Board may amend or terminate the plan at any time, creating payout risk

NEW YORK, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) has 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 2025, based on the net asset value of $16.47 of the Fund’s common shares as of December 31, 2024.

The next three distributions declared under the managed distribution plan are as follows:

Month	Amount		Record Date	Payable Date
October	$0.1098		October 21, 2025	October 31, 2025
November	$0.1098		November 18, 2025	November 28, 2025
December	$0.1098		December 16, 2025	December 31, 2025

Under the managed distribution plan, the Fund will distribute net investment income, net realized capital gains and/or return of capital. No conclusions should be drawn about the Fund’s investment performance from the amount of the distributions. The Board may amend the terms of the managed distribution plan or terminate the plan at any time without prior notice to stockholders.

The Fund will issue a notice to common stockholders that will provide an estimate of the composition of each distribution. For tax reporting purposes the actual composition of the total amount of distributions for each year will continue to be provided on a Form 1099-DIV issued after the end of the year.

Contacts

For information, please contact:
Thomas Antonucci, Bulldog Investors LLP (tantonucci@bulldoginvestors.com)

FAQ

What distributions did Special Opportunities Fund (SPE) declare for October–December 2025?

SPE declared monthly distributions of $0.1098 per share for Oct, Nov and Dec 2025.

What is the annual rate and NAV used for SPE's managed distribution plan in 2025?

The plan targets an 8.0% annual rate (0.6667% monthly) based on a NAV of $16.47 as of Dec 31, 2024.

When are the record and payable dates for SPE's October 2025 distribution?

Record date: Oct 21, 2025; Payable date: Oct 31, 2025.

Will SPE's distributions be taxable and how will composition be reported?

Distribution composition (income, gains, return of capital) will be estimated in a shareholder notice and reported on Form 1099‑DIV after year end.

Can SPE change or stop the managed distribution plan?

Yes. The Board may amend or terminate the plan at any time without prior notice to stockholders.