Special Opportunities Fund, Inc. Dividend Declaration

Rhea-AI Summary

Special Opportunities Fund (NYSE: SPE) has announced that its 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 will be payable on December 31, 2024, to shareholders who are recorded as holders by December 19, 2024.

Positive

• Consistent dividend payment maintained for preferred stockholders
• Fixed dividend rate of 2.75% provides stable income stream

Negative

• Dividend only applies to preferred stockholders, not common stock holders

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 December 31, 2024 to holders of record as of December 19, 2024.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241212784163/en/

Thomas Antonucci

Bulldog Investors LLP

(1-201-566-0092)

Source: Special Opportunities Fund, Inc.

FAQ

What is the dividend amount for SPE's Convertible Preferred Stock Series C?

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 payment date for SPE's latest preferred stock dividend?

The dividend payment date is December 31, 2024.

What is the record date for SPE's December 2024 preferred dividend?

The record date for the dividend is December 19, 2024.

What is the annual dividend rate for SPE's Series C Preferred Stock?

The Series C Preferred Stock carries a 2.75% annual dividend rate.