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 next three monthly distributions under its managed distribution plan, set to an annual rate of 8% based on a net asset value of $16.55 as of December 31, 2021. Distributions of $0.11 per share will occur in October, November, and December 2022, with record and payable dates specified. The Fund may distribute capital gains or return of capital if investment income is insufficient. The Board retains the right to amend or terminate the distribution plan, which may affect the market price of the shares.
Special Opportunities Fund, Inc. (NYSE: SPE) has announced a cash dividend of $0.171875 per share for its 2.75% Convertible Preferred Stock, Series C. This dividend will be distributed on September 30, 2022, to shareholders recorded as of September 21, 2022. This announcement is a clear indication of the Fund's ongoing commitment to providing returns to its shareholders.
Special Opportunities Fund, Inc. (SPE) announced a litigation agreement concerning the dissolution of FAST Acquisition Corp. (FST), delaying the distribution of net assets to Class B shares until the Court's ruling. Class A shares will be redeemed post-August 25, 2022, and the winding up of FST will proceed. The agreement restricts the payment of approximately $10.5 million for taxes, loans, professional fees, litigation defense, and other expenses. Chairman Phillip Goldstein emphasized the focus on ensuring equitable distribution of assets to all stockholders.
Special Opportunities Fund, Inc. (NYSE: SPE) has filed a class action lawsuit in the Delaware Court of Chancery against FAST Acquisition Corp. (NYSE: FST). The lawsuit aims to prevent insiders from appropriating FAST's net assets upon the company's impending dissolution. FAST was unable to complete a business combination by its August 25, 2022, deadline and plans to dissolve while retaining a breakup fee of up to $33 million from Fertitta Entertainment. SPE claims FAST's Board has a fiduciary duty to distribute these assets equitably to all stockholders.
Special Opportunities Fund, Inc. (NYSE: SPE) has declared the next three monthly distributions under its managed distribution plan, targeting an annual distribution rate of 8% based on a net asset value of
The upcoming distributions are as follows: $0.11 for July (payable on
Special Opportunities Fund has declared a cash dividend of $0.171875 per share on its 2.75% Convertible Preferred Stock, Series C. This dividend is scheduled to be paid on June 30, 2022, to stockholders of record as of June 21, 2022. The announcement reflects the Fund's commitment to providing returns to its shareholders and maintaining its dividend policy.
Special Opportunities Fund (NYSE: SPE) has declared three monthly distributions under its managed distribution plan, totaling $0.33 per share at an annual rate of 8%, based on a net asset value of $16.55 as of December 31, 2021. The distributions are scheduled for April, May, and June 2022, with record dates on April 20, May 19, and June 21, and payable dates on April 29, May 31, and June 30, respectively. The plan may involve capital gains and return of capital if investment income is insufficient, and the Fund's Board retains the right to amend or terminate the plan without notice.
Special Opportunities Fund, Inc. (NYSE: SPE) has concluded its buyback offer for 1.25 million common shares at 97% of the net asset value (NAV), which was determined at $16.18 per share.
The offer expired on April 1, 2022, with 7,549,920 shares (about 59.39%) tendered. Due to the high demand, only 16.56% of shares tendered were accepted, priced at $15.69 per share.
Special Opportunities Fund announced a cash dividend of $0.11267 per share on its 2.75% Convertible Preferred Stock, Series C. This dividend is set to be paid on March 31, 2022, to shareholders on record as of March 22, 2022. This cash return demonstrates the Fund's ongoing commitment to providing income to its investors, reflecting a stable dividend policy.
Special Opportunities Fund (NYSE: SPE) announced a tender offer to purchase up to 1.25 million common shares at 97% of the net asset value per share as of the close of trading on April 1, 2022. The Fund may buy an additional 2% of outstanding shares without amending the offer. Shareholders must confirm with their custodians regarding the notice required to accept the offer. This announcement is not a recommendation to sell securities and a tender offer statement has been filed with the U.S. Securities and Exchange Commission.
