Special Opportunities Fund Declares Distributions For Fourth Quarter of 2022
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.
- Monthly distributions confirmed at $0.11 per share for the next three months.
- Annual distribution rate of 8% based on previous net asset value.
- Distributions may come from capital gains or return of capital if investment income is low.
- Board can amend or terminate the distribution plan without prior notice, potentially impacting share price.
Under the Fund’s managed distribution plan, the Fund intends to make monthly distributions to common stockholders at an annual rate of
The next three distributions declared under the managed distribution plan are as follows:
Month |
Rate |
Record Date |
Payable Date |
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October |
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November |
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December |
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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.
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FAQ
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