Special Opportunities Fund, Inc. Announces Dividend

Rhea-AI Summary

Special Opportunities Fund, Inc. (NYSE:SPE) has declared a year-end cash dividend of $0.69763 per share for common stockholders. This dividend comprises $0.30824 of long-term capital gains, $0.28189 of short-term capital gains, and $0.1075 of net investment income. The dividend will be paid on December 31, 2021 to stockholders of record as of December 21, 2021. Final determination of distribution sources will be made after year-end and could differ from the estimated amounts.

Positive

• Dividend of $0.69763 per share, providing income for shareholders.
• Includes significant components of capital gains, indicating potential profitability.

Negative

• Final determination of dividend sources remains uncertain, posing a risk for long-term planning.

NEW YORK--(BUSINESS WIRE)-- Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund’s Board of Directors has declared a year-end cash dividend of $0.69763 per share of common stock which is estimated to consist of $0.30824 of long term capital gains, $0.28189 of short term capital gains and $0.1075 of net investment income.

The dividend is payable on December 31, 2021 to common stockholders of record as of December 21, 2021.

The final determination of the sources of all distributions in 2021 will be made after year end and may vary from the amounts provided above.

Periodically updated information on the Fund can be obtained by visiting the Fund’s website at www.specialopportunitiesfundinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211210005353/en/

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

Source: Special Opportunities Fund, Inc.

FAQ

What is the dividend amount for SPE in 2021?

The dividend amount is $0.69763 per share.

When is the dividend for SPE payable?

The dividend is payable on December 31, 2021.

What are the components of the SPE dividend?

The dividend consists of $0.30824 in long-term capital gains, $0.28189 in short-term capital gains, and $0.1075 in net investment income.

Who are the stockholders of record for the SPE dividend?

Stockholders of record are those on December 21, 2021.

Are the dividend distributions for SPE guaranteed?

No, the final determination of the sources of distributions will be made after year-end and may vary.