Special Opportunities Fund (NYSE: SPE) filer reports 42.05% voting power in preferred C

Rhea-AI Filing Summary

Focus Partners Wealth filed an amended Schedule 13G for Special Opportunities Fund, Inc. relating to its 2.75% Convertible Preferred C shares (CUSIP 84741T401). The filer reports 0 shares beneficially owned but indicates sole voting power over 1,069,248 shares, representing 42.05% of this class. The filing states no shared voting power and no sole or shared dispositive power over any shares, indicating authority to vote these securities without corresponding dispositive or beneficial ownership as reported.

Key Figures

Sole voting power: 1,069,248 shares Percent of class: 42.05% Beneficially owned: 0 shares +2 more

5 metrics

Sole voting power 1,069,248 shares Shares of 2.75% Convertible Preferred C over which Focus Partners Wealth has sole voting power

Percent of class 42.05% Percentage of the 2.75% Convertible Preferred C class associated with Focus Partners Wealth's reported voting power

Beneficially owned 0 shares Amount of 2.75% Convertible Preferred C reported as beneficially owned by Focus Partners Wealth

Shared voting power 0 shares Shares of 2.75% Convertible Preferred C with shared voting power reported

Sole dispositive power 0 shares Shares of 2.75% Convertible Preferred C over which dispositive power is reported

Key Terms

beneficially owned, sole voting power, dispositive power, Percent of class

4 terms

beneficially owned financial

"Ownership (a) | Amount beneficially owned: 0"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Sole power to vote or to direct the vote: Focus Partners Wealth - 1,069,248"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

dispositive power financial

"Sole power to dispose or to direct the disposition of: Focus Partners Wealth - 0"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Percent of class financial

"Percent of class: 42.05 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/07/2026 - 01:17 PM Accepted by SEC EDGAR 08/07/2026 - 01:17 PM Learn about SEC filing dates

FAQ

What does the SPE Schedule 13G/A say about Focus Partners Wealth's holdings?

The Schedule 13G/A shows Focus Partners Wealth with sole voting power over 1,069,248 2.75% Convertible Preferred C shares, equal to 42.05% of that class, while reporting 0 shares beneficially owned and no dispositive power.

How large is Focus Partners Wealth's reported voting position in SPE preferred shares?

Focus Partners Wealth reports sole voting power over 1,069,248 shares of Special Opportunities Fund’s 2.75% Convertible Preferred C, representing 42.05% of that security class, with no shared voting or dispositive power disclosed.

Does Focus Partners Wealth claim beneficial ownership of SPE 2.75% Convertible Preferred C?

The filing reports 0 shares beneficially owned of Special Opportunities Fund’s 2.75% Convertible Preferred C, even though Focus Partners Wealth has sole voting power over 1,069,248 shares, or 42.05% of the class, and no dispositive power.

What powers over SPE preferred shares does Focus Partners Wealth report?

Focus Partners Wealth discloses sole power to vote 1,069,248 shares of the 2.75% Convertible Preferred C and 0 shares for both sole and shared dispositive power, indicating voting authority only as reported in the filing.

Which security class of SPE is covered by this Schedule 13G/A amendment?

The amendment covers Special Opportunities Fund, Inc.’s 2.75% Convertible Preferred C securities, identified by CUSIP 84741T401, with Focus Partners Wealth reporting voting power and percentage of that specific class.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

SPECIAL OPPORTUNITIES FUND, INC.

(Name of Issuer)

2.75% CONVERTIBLE PREFERRED C

(Title of Class of Securities)

84741T401

(CUSIP Number)

07/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 84741T401

1

Names of Reporting Persons

Focus Partners Wealth

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MISSOURI

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,069,248.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

42.05 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SPECIAL OPPORTUNITIES FUND, INC.
(b)	Address of issuer's principal executive offices: C/O US BANCORP FUND SERVICES, LLC, 615 EAST MICHIGAN AVENUE, MILWAUKEE, WISCONSIN 53202
Item 2.
(a)	Name of person filing: Focus Partners Wealth
(b)	Address or principal business office or, if none, residence: 190 CARONDELET PLAZA SUITE 600 ST LOUIS, Missouri 63105
(c)	Citizenship: Focus Partners Wealth - MISSOURI
(d)	Title of class of securities: 2.75% CONVERTIBLE PREFERRED C
(e)	CUSIP No.: 84741T401
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0
(b)	Percent of class: 42.05 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Focus Partners Wealth - 1,069,248
	(ii) Shared power to vote or to direct the vote: Focus Partners Wealth - 0
	(iii) Sole power to dispose or to direct the disposition of: Focus Partners Wealth - 0
	(iv) Shared power to dispose or to direct the disposition of: Focus Partners Wealth - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Focus Partners Wealth

Signature:	Vincent J. Gratch
Name/Title:	Deputy Chief Compliance Officer
Date:	08/07/2026