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) has announced an immediate share buyback program for its common and convertible preferred stock. This program will allow the Fund to repurchase shares when they are trading at a discount to their net asset value or book value. The buyback does not rely on the "safe harbor" provisions under Rule 10b-18, providing greater flexibility for the Fund to manage its capital structure effectively. This strategy aims to enhance shareholder value by potentially increasing the stock price as the Fund actively buys back shares.
Special Opportunities Fund, Inc. (NYSE: SPE) has announced its next three monthly distributions under its managed distribution plan, targeting an annual rate of 8% (0.6667% monthly). As of December 31, 2022, the net asset value per share was
The Board of Directors of Special Opportunities Fund (NYSE: SPE) has declared a cash dividend of
Special Opportunities Fund (NYSE: SPE) has announced the next three monthly distributions under its managed distribution plan, set at an annual rate of 8% based on a net asset value of $13.01 as of December 31, 2022. The distributions for January, February, and March 2023 will each be $0.0867, payable on January 31, February 28, and March 31, respectively. Should investment income be insufficient, the Fund may resort to distributing long-term capital gains or return of capital. Notably, the Board retains the right to amend or terminate the plan without prior notice.
Special Opportunities Fund, Inc. (NYSE: SPE) has announced a cash dividend of $0.171875 per share on its 2.75% Convertible Preferred Stock, Series C. This dividend will be paid on December 30, 2022, to shareholders on record as of December 20, 2022. This move reflects the Fund's commitment to providing returns to its investors and highlights its financial stability.
Special Opportunities Fund, Inc. (NYSE: SPE) announced a standstill agreement with Delaware Enhanced Global Dividend and Income Fund (NYSE: DEX) regarding DEX's proposed reorganization into abrdn Global Dynamic Dividend Fund (NYSE: AGD). The agreement includes a contingent tender offer for DEX to purchase up to 30% of its shares at 98% of the net asset value, pending shareholder approval. Chairman Phillip Goldstein believes this offer is beneficial for DEX shareholders and encourages their support for the reorganization.
The Special Opportunities Fund, Inc. (NYSE: SPE) will hold its Annual Meeting of Stockholders on December 14, 2022, at 10:00 a.m. Eastern time in New York City. To attend, stockholders must register by December 5, 2022, by contacting John Buckel at U.S. Bank Global Fund Services. Attendees must adhere to security and COVID-19 protocols.
For ongoing updates and information, stockholders can visit the Fund's website at www.specialopportunitiesfundinc.com.
