Special Opportunities Fund Declares Distributions For Fourth Quarter of 2021

Rhea-AI Summary

Special Opportunities Fund, Inc. (NYSE: SPE) has declared its next three monthly dividends under its managed distribution plan. The plan proposes an annual rate of 8%, amounting to $0.1075 per month, based on a net asset value of $16.13 as of December 31, 2020. The dividends will be paid on October 29, November 30, and December 31, 2021, with record dates set for October 20, November 18, and December 21, respectively. The distribution may include capital gains or return of capital if sufficient investment income is not available.

Positive

• Declared monthly dividends amounting to $0.1075 for three consecutive months.
• Annual distribution rate of 8% based on net asset value.

Negative

• The Board can amend or terminate the managed distribution plan at any time, potentially impacting share prices.

NEW YORK--(BUSINESS WIRE)-- Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund’s Board of Directors (the “Board”) has declared the next three monthly dividends under the Fund’s managed distribution plan.

Under the Fund’s managed distribution plan, the Fund intends to make monthly distributions to common stockholders at an annual rate of 8% (or 0.6667% per month) for the second half of 2021, based on the net asset value of $16.13 of the Fund’s common shares as of December 31, 2020.

The next three dividends for 2021 declared under the managed distribution plan are as follows:

Month		Rate		Record Date		Payable Date
October		$0.1075		October 20, 2021		October 29, 2021
November		$0.1075		November 18, 2021		November 30, 2021
December		$0.1075		December 21, 2021		December 31, 2021

Under the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital. To the extent that the Fund’s net investment income and net realized capital gains exceed the aggregate amount distributed pursuant to the managed distribution plan, the Fund may make an additional year-end distribution. No conclusions should be drawn about the Fund’s investment performance from the amount of the distributions. The Board may amend the terms of the managed distribution plan or terminate the plan at any time without prior notice to stockholders which could have an adverse effect on the market price of the Fund’s common shares. The plan will be subject to periodic review by the Board, including a yearly review of the annual fixed rate to determine if an adjustment should be made.

The Fund will issue a notice to common stockholders that will provide an estimate of the composition of each distribution. For tax reporting purposes the actual composition of the total amount of distributions for each year will continue to be provided on a Form 1099-DIV issued after the end of the year.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211004005591/en/

U.S. Bank Global Fund Services – John Buckel (414) 765-4255

Source: Special Opportunities Fund, Inc.

FAQ

What are the upcoming dividends for Special Opportunities Fund (SPE) in 2021?

Special Opportunities Fund has declared dividends of $0.1075 for October, November, and December 2021.

What is the annual distribution rate for Special Opportunities Fund (SPE)?

The annual distribution rate for Special Opportunities Fund is 8%, equating to approximately 0.6667% per month.

When will the dividends for Special Opportunities Fund (SPE) be payable?

The dividends will be payable on October 29, November 30, and December 31, 2021.

What is the net asset value for Special Opportunities Fund (SPE) as of December 31, 2020?

The net asset value for Special Opportunities Fund was $16.13 as of December 31, 2020.

Can the managed distribution plan for Special Opportunities Fund (SPE) be changed?

Yes, the Board can amend or terminate the managed distribution plan at any time without prior notice.