Special Opportunities Fund Declares Distributions For Second Quarter of 2025
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) ha annunciato il suo piano di distribuzione trimestrale per il secondo trimestre del 2025. Il Consiglio di Amministrazione del Fondo ha dichiarato tre distribuzioni mensili nell'ambito del suo piano di distribuzione gestita, ciascuna pari a $0.1098 per azione.
Le distribuzioni fanno parte del tasso di distribuzione annuale del Fondo, pari a 8% (0.6667% mensile) per il 2025, basato sul valore netto degli attivi di $16.47 per azione ordinaria al 31 dicembre 2025. I pagamenti sono programmati per:
- Aprile: Data di registrazione 22 aprile, Pagabile il 30 aprile
- Maggio: Data di registrazione 20 maggio, Pagabile il 30 maggio
- Giugno: Data di registrazione 17 giugno, Pagabile il 30 giugno
Le distribuzioni includeranno reddito netto da investimenti, guadagni di capitale netti realizzati e/o restituzione di capitale, con la composizione finale che sarà riportata sul modulo 1099-DIV dopo la fine dell'anno.
Special Opportunities Fund (NYSE: SPE) ha anunciado su plan de distribución trimestral para el segundo trimestre de 2025. La Junta Directiva del Fondo declaró tres distribuciones mensuales bajo su plan de distribución gestionada, cada una por un monto de $0.1098 por acción.
Las distribuciones son parte de la tasa de distribución anual del Fondo del 8% (0.6667% mensual) para 2025, basada en el valor neto de los activos de $16.47 por acción ordinaria al 31 de diciembre de 2025. Los pagos están programados para:
- Abril: Fecha de registro 22 de abril, Pagadero el 30 de abril
- Junio: Fecha de registro 17 de junio, Pagadero el 30 de junio
Las distribuciones incluirán ingresos netos de inversiones, ganancias de capital netas realizadas y/o devolución de capital, con la composición final que se informará en el formulario 1099-DIV después de fin de año.
스페셜 오퍼튜니티 펀드 (NYSE: SPE)는 2025년 2분기 분배 계획을 발표했습니다. 펀드 이사회는 관리 분배 계획에 따라 매월 $0.1098의 배당금을 지급하기로 결정했습니다.
이 분배금은 2025년 동안 펀드의 연간 분배 비율인 8% (월 0.6667%)의 일환으로, 2025년 12월 31일 기준으로 보통주당 순자산 가치 $16.47를 기준으로 합니다. 지급 일정은 다음과 같습니다:
- 4월: 기록일 4월 22일, 지급일 4월 30일
- 5월: 기록일 5월 20일, 지급일 5월 30일
- 6월: 기록일 6월 17일, 지급일 6월 30일
분배금에는 순 투자 수익, 실현된 순 자본 이득 및/또는 자본 반환이 포함되며, 최종 구성은 연말에 1099-DIV 양식으로 보고될 예정입니다.
Special Opportunities Fund (NYSE: SPE) a annoncé son plan de distribution trimestriel pour le deuxième trimestre 2025. Le Conseil d'administration du Fonds a déclaré trois distributions mensuelles dans le cadre de son plan de distribution géré, chacune d'un montant de $0.1098 par action.
Les distributions font partie du taux de distribution annuel du Fonds de 8% (0.6667% mensuel) pour 2025, basé sur la valeur nette d'actif de $16.47 par action ordinaire au 31 décembre 2025. Les paiements sont prévus pour :
- Avril : Date d'enregistrement le 22 avril, Payable le 30 avril
- Mai : Date d'enregistrement le 20 mai, Payable le 30 mai
- Juin : Date d'enregistrement le 17 juin, Payable le 30 juin
Les distributions comprendront des revenus nets d'investissement, des gains en capital nets réalisés et/ou un retour de capital, avec la composition finale qui sera rapportée sur le formulaire 1099-DIV après la fin de l'année.
Special Opportunities Fund (NYSE: SPE) hat seinen vierteljährlichen Verteilungsplan für das 2. Quartal 2025 bekannt gegeben. Der Vorstand des Fonds hat drei monatliche Ausschüttungen im Rahmen seines verwalteten Verteilungsplans beschlossen, die jeweils $0.1098 pro Aktie betragen.
Die Ausschüttungen sind Teil des jährlichen Ausschüttungsraten des Fonds von 8% (0.6667% monatlich) für 2025, basierend auf dem Nettovermögenswert von $16.47 pro Stammaktie zum 31. Dezember 2025. Die Zahlungen sind geplant für:
- April: Stichtag 22. April, zahlbar am 30. April
- Mai: Stichtag 20. Mai, zahlbar am 30. Mai
- Juni: Stichtag 17. Juni, zahlbar am 30. Juni
Die Ausschüttungen umfassen netto Investitionseinkommen, realisierte Nettokapitalgewinne und/oder Kapitalrückzahlung, wobei die endgültige Zusammensetzung nach Jahresende im Formular 1099-DIV berichtet wird.
- Consistent monthly dividend payments of $0.1098 per share
- 8% annual distribution rate based on NAV
- Distributions may include return of capital, which is not actual earnings
- Board maintains right to amend or terminate distribution plan without notice
Insights
Special Opportunities Fund's Q2 2025 distribution announcement maintains its 8% annual distribution rate based on NAV, providing $0.1098 monthly payments for April, May, and June. With the current market price at $14.73 versus the referenced NAV of $16.47, this represents an approximate 10.6% discount to NAV and an annualized distribution yield around 8.96% based on market price.
This managed distribution plan follows a common closed-end fund strategy designed to provide shareholders with consistent income. However, investors should understand that these distributions may comprise a mix of investment income, capital gains, and potentially return of capital. When distributions include return of capital, this effectively returns a portion of investors' original investment, which can gradually erode NAV if not offset by portfolio appreciation.
The discount to NAV presents a potential opportunity for new investors, as closed-end funds occasionally see these discounts narrow, providing price appreciation on top of distributions. However, the discount could also persist or widen further based on market conditions or fund performance.
This announcement represents continuity rather than change, confirming the fund's commitment to its existing distribution policy. The Board's discretion to amend or terminate the plan introduces governance flexibility but also potential uncertainty for income-dependent investors. Without performance data in the announcement, it's impossible to assess distribution sustainability, making this a maintenance announcement rather than a signal of financial strength or weakness.
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 |
Amount |
Record Date |
Payable Date |
April |
|
April 22, 2025 |
April 30, 2025 |
May |
|
May 20, 2025 |
May 30, 2025 |
June |
|
June 17, 2025 |
June 30, 2025 |
Under the managed distribution plan, the Fund will distribute net investment income, net realized capital gains and/or return of capital. 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.
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/20250404511755/en/
For information, please contact:
Thomas Antonucci, Bulldog Investors LLP (1-201-566-0092)
Source: Special Opportunities Fund, Inc.
FAQ
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