Special Opportunities Fund, Inc. Dividend Declaration

Rhea-AI Summary

Special Opportunities Fund has declared a cash dividend of $0.171875 per share on its 2.75% Convertible Preferred Stock, Series C. This dividend is scheduled to be paid on June 30, 2022, to stockholders of record as of June 21, 2022. The announcement reflects the Fund's commitment to providing returns to its shareholders and maintaining its dividend policy.

Positive

• Dividend of $0.171875 per share reinforces shareholder returns.
• Payment date established, indicating financial stability.

Negative

• None.

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 30, 2022 to holders of record as of June 21, 2022.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220609005653/en/

John Buckel, U.S. Bank Global Fund Services (1-414-765-4255)

Source: Special Opportunities Fund, Inc.

FAQ

What is the dividend amount for Special Opportunities Fund (SPE)?

The declared dividend amount is $0.171875 per share.

When will the dividend be paid for SPE?

The dividend will be paid on June 30, 2022.

What is the record date for the Special Opportunities Fund dividend?

The record date is June 21, 2022.

How often does Special Opportunities Fund pay dividends?

The Fund typically declares dividends periodically, but specific frequency can vary.

Is the dividend for SPE sustainable?

While the announcement shows commitment, the sustainability of dividends depends on the Fund's ongoing financial performance.