Special Opportunities Fund, Inc. - SPE STOCK NEWS

Special Opportunities Fund (NYSE: SPE) has announced its Annual Meeting of Stockholders, scheduled for December 11, 2024, at 11:00 a.m. Eastern time. The meeting will take place at Blank Rome LLP offices in New York. Stockholders must pre-register by December 4, 2024, by contacting John Buckel at U.S. Bank Global Fund Services and comply with required security protocols.

Special Opportunities Fund, Inc. (NYSE: SPE) has announced its next three monthly distributions under the Fund's managed distribution plan for the fourth quarter of 2024. The Fund aims to make monthly distributions to common stockholders at an annual rate of 8% (0.6667% per month) for 2024, based on the net asset value of $14.31 as of December 31, 2023.

The declared distributions are:

• October: $0.0954 (Record Date: October 22, 2024, Payable Date: October 31, 2024)
• November: $0.0954 (Record Date: November 19, 2024, Payable Date: November 29, 2024)
• December: $0.0954 (Record Date: December 17, 2024, Payable Date: December 31, 2024)

If sufficient investment income is not available, the Fund will distribute long-term capital gains and/or return of capital. The Board may amend or terminate the plan at any time, which could affect the market price of the Fund's common shares.

Special Opportunities Fund (NYSE: SPE) has declared a cash dividend of $0.171875 per share on its 2.75% Convertible Preferred Stock, Series C. The dividend will be paid on September 30, 2024 to shareholders of record as of September 18, 2024. This announcement demonstrates the Fund's commitment to providing regular income to its preferred stockholders. The dividend declaration may be seen as a positive signal of the Fund's financial health and its ability to meet its obligations to preferred shareholders.

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.