Special Opportunities Fund announces share pricing and distribution details for stockholders, including cash and stock options for 2025.
Quiver AI Summary
Special Opportunities Fund, Inc. (NYSE: SPE) announced that the price for shares of common stock to be issued to stockholders of record as of December 29, 2025, will be $14.9506, based on the average trading price from January 20 to 22, 2026. The distribution of $0.70 per share is primarily made up of realized long-term capital gains, which will be taxable for the 2025 calendar year. Stockholders who opted for stock distribution will receive 0.0468 shares per common share owned, while those choosing cash will receive $0.213958 per share, with the remainder in stock rounded down. The total cash distribution is capped at 20% of the total distribution amount. Tax reporting will be provided via Form 1099-DIV.
Potential Positives
- The announcement provides clarity and transparency regarding the share distribution price, which is based on the volume-weighted average trading price, ensuring shareholders understand the basis of their earnings.
- The distribution primarily consists of realized long-term capital gains, which is generally favorable for shareholders from a tax perspective.
- The option for shareholders to elect to receive their distributions in stock or cash offers flexibility and can be attractive for different investor strategies.
Potential Negatives
- The distribution consists largely of realized long-term capital gains, which may be seen as less favorable for shareholders expecting income rather than capital gains, leading to potential dissatisfaction among stockholders.
- The cash distribution is capped at 20% of the total distribution amount, meaning the majority will be issued in stock, which may not align with all shareholders' preferences for liquidity.
- Shareholders' cash received from the distribution is minimal ($0.213958 per share), which could be perceived as inadequate return on investment, impacting overall sentiment towards the Fund.
FAQ
What is the distribution amount per share for Special Opportunities Fund?
The distribution amount is $0.70 per share for the Special Opportunities Fund.
When will the distribution be payable to stockholders?
The distribution will be payable on January 30, 2026, to stockholders of record as of December 29, 2025.
How is the stock distribution calculated for shareholders?
Shareholders will receive 0.0468 shares for each common share owned, rounded down to the next full share.
What portion of the distribution is taxable for 2025?
Substantially the entire $0.70 per share distribution is expected to consist of realized long-term capital gains and is taxable in 2025.
Where can stockholders find tax reporting information for 2025?
Tax reporting information will be provided on a Form 1099-DIV issued by the Fund as soon as practicable.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SPE Insider Trading Activity
$SPE insiders have traded $SPE stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $SPE stock by insiders over the last 6 months:
- ANDREW DAKOS (President) sold 4,098 shares for an estimated $60,064
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SPE Hedge Fund Activity
We have seen 19 institutional investors add shares of $SPE stock to their portfolio, and 14 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SEVEN MILE ADVISORY added 106,074 shares (+inf%) to their portfolio in Q3 2025, for an estimated $1,644,147
- SHAKER FINANCIAL SERVICES, LLC removed 104,099 shares (-29.4%) from their portfolio in Q4 2025, for an estimated $1,529,214
- KOVITZ INVESTMENT GROUP PARTNERS, LLC removed 94,037 shares (-6.4%) from their portfolio in Q3 2025, for an estimated $1,457,573
- GATEPASS CAPITAL, LLC added 45,400 shares (+51.1%) to their portfolio in Q3 2025, for an estimated $703,700
- BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC added 25,704 shares (+10.4%) to their portfolio in Q3 2025, for an estimated $398,412
- GUGGENHEIM CAPITAL LLC added 20,714 shares (+inf%) to their portfolio in Q3 2025, for an estimated $321,067
- TRUIST FINANCIAL CORP removed 19,290 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $298,995
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the price at which shares of the Fund’s common stock will be issued to common stockholders of record as of December 29, 2025 and payable on January 30, 2026 is $14.9506 which is the volume-weighted average trading price of the Fund’s common stock on January 20, 21, and 22, 2026.
Substantially the entire $0.70 per share distribution is expected to consist of realized long-term capital gains and is taxable in calendar year 2025.
Stockholders that elected to receive the distribution in stock or that did not make an election will receive 0.0468 shares for each share of common stock owned on December 29, 2025 rounded down to the next full share and a cash payment for any fractional share. Since the total amount of cash to be distributed to stockholders is limited to 20% of the total distribution, shareholders that elected to receive cash will receive $0.213958 in cash for each share of common stock owned on December 29, 2025 and the balance of the $0.70 distribution in stock rounded down to the next full share, and a cash payment for any fractional share.
For tax reporting purposes the actual composition of the total amount of distributions made (or deemed made) by the Fund for 2025 will be provided on a Form 1099-DIV issued as soon as practicable.
For information, please contact:
Thomas Antonucci, Bulldog Investors LLP (
[email protected]
)
