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 its intention to solicit proxies for electing three independent directors to Tejon Ranch Co. (NYSE: TRC) at the upcoming annual shareholder meeting on May 13, 2025.
The Fund, as one of TRC's largest shareholders, expressed concerns about Tejon's long-term performance, with Chairman Phillip Goldstein noting that investors from forty years ago have seen virtually no returns, while those from twenty years ago have lost approximately 70% of their investment.
The Fund's nominees plan to focus on four key areas if elected:
- Capital allocation
- Executive compensation
- Communication and transparency
- Excessive expenses
Special Opportunities Fund (NYSE: SPE) has announced its quarterly distribution plan for Q2 2025. The Fund's Board of Directors declared three monthly distributions under its managed distribution plan, each amounting to $0.1098 per share.
The distributions are part of the Fund's annual distribution rate of 8% (0.6667% monthly) for 2025, based on the net asset value of $16.47 per common share as of December 31, 2025. The payments are scheduled for:
- April: Record Date April 22, Payable April 30
- May: Record Date May 20, Payable May 30
- June: Record Date June 17, Payable June 30
The distributions will include net investment income, net realized capital gains, and/or return of capital, with final composition to be reported on Form 1099-DIV after year-end.
Special Opportunities Fund (NYSE: SPE) has announced a dividend declaration for holders of its 2.75% Convertible Preferred Stock, Series C. The Fund's Board of Directors has approved a cash dividend of $0.171875 per share. The dividend will be payable on March 31, 2025, with a record date set for March 20, 2025.
Special Opportunities Fund (NYSE: SPE) has announced its Board's declaration of monthly distributions for Q1 2025 under its managed distribution plan. The Fund aims to distribute to common stockholders at an annual rate of 8% (0.6667% monthly) for 2025, based on the net asset value of $16.47 per common share as of December 31, 2024.
The declared monthly distributions are $0.1098 per share, payable on January 31, February 28, and March 31, 2025, with corresponding record dates of January 21, February 18, and March 18, 2025. The distributions will include net investment income, net realized capital gains, and/or return of capital. The Board retains the right to amend or terminate the plan without prior notice.
Special Opportunities Fund (NYSE: SPE) has announced that its Board of Directors has declared a cash dividend of $0.171875 per share on the Fund's 2.75% Convertible Preferred Stock, Series C. The dividend will be payable on December 31, 2024, to shareholders who are recorded as holders by December 19, 2024.
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.
