Special Opportunities Fund, Inc. Dividend Declaration

Rhea-AI Summary

The Board of Directors of Special Opportunities Fund (NYSE: SPE) has declared a cash dividend of $0.171875 per share on the Fund's 2.75% Convertible Preferred Stock, Series C. This dividend is scheduled for payment on March 31, 2023, to shareholders on record as of March 22, 2023. This announcement reflects the Fund’s ongoing commitment to returning value to its investors through regular distributions.

Positive

• Dividend of $0.171875 per share enhances income for shareholders.
• Demonstrates the Fund's commitment to regular distributions, which may boost investor confidence.

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 March 31, 2023 to holders of record as of March 22, 2023.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230303005263/en/

John Buckel, U.S. Bank Global Fund Services (1-414-516-1514)

Source: Special Opportunities Fund, Inc.

FAQ

What is the dividend amount declared by Special Opportunities Fund?

The declared dividend amount is $0.171875 per share.

When is the dividend payment date for SPE?

The dividend payment date is March 31, 2023.

What is the record date for the dividend of SPE?

The record date for the dividend is March 22, 2023.

How often does Special Opportunities Fund pay dividends?

The frequency of the dividend payments is not specified in the press release.

Is the dividend for Special Opportunities Fund sustainable?

The press release does not provide information on the sustainability of the dividend.