Special Opportunities Fund, Inc. Dividend Declaration

Rhea-AI Summary

Special Opportunities Fund (NYSE: SPE) has announced a dividend declaration. The Board of Directors has approved a cash dividend of $0.171875 per share on the Fund’s 2.75% Convertible Preferred Stock, Series C. This dividend is scheduled to be paid on June 28, 2024, to shareholders recorded by June 18, 2024.

Positive

• Dividend Declaration: The Board has declared a cash dividend of $0.171875 per share, demonstrating financial stability and shareholder return.
• Timely Payment: The dividend will be paid on June 28, 2024, providing clear expectations for shareholders.

Negative

• Information: The press release lacks additional financial data or insights into the Fund's performance, which could raise concerns among investors seeking comprehensive information.

NEW YORK--(BUSINESS WIRE)-- Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund’s Board of Directors has declared a cash dividend of $0.171875 per share on the Fund’s 2.75% Convertible Preferred Stock, Series C. The dividend is payable on June 28, 2024 to holders of record as of June 18, 2024.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240607679008/en/

John Buckel, U.S. Bank Global Fund Services

(1-414-516-1514)

Source: Special Opportunities Fund, Inc.

FAQ

What dividend did Special Opportunities Fund (SPE) declare?

Special Opportunities Fund (SPE) declared a cash dividend of $0.171875 per share on its 2.75% Convertible Preferred Stock, Series C.

When is the dividend payment date for SPE?

The dividend payment date for SPE is June 28, 2024.

What is the record date for SPE's dividend?

The record date for SPE's dividend is June 18, 2024.

What is the dividend yield for SPE's 2.75% Convertible Preferred Stock, Series C?

The cash dividend declared is $0.171875 per share; to calculate the exact yield, more information on the stock price is needed.