Special Opportunities Fund, Inc. announces three monthly distributions of $0.1098, under an 8% managed distribution plan for 2025.
Quiver AI Summary
Special Opportunities Fund, Inc. has announced that its Board of Directors has declared three upcoming monthly distributions as part of its managed distribution plan for 2025, maintaining an annual distribution rate of 8% based on the net asset value of $16.47 as of December 31, 2024. Each monthly distribution will be $0.1098, with the record and payable dates for October, November, and December specified. The plan involves distributing net investment income, capital gains, and/or return of capital, but the amount of distributions should not be seen as an indicator of the Fund's investment performance. The Board retains the right to amend or terminate the plan without notice to stockholders, and a notice will be issued to provide distribution details for tax reporting purposes.
Potential Positives
- The Fund has declared three monthly distributions, demonstrating a commitment to returning value to shareholders.
- The annual distribution rate of 8% is competitive, potentially attracting new investors looking for yield.
- The structured managed distribution plan enhances predictability for investors regarding their expected income from the investment.
Potential Negatives
- The announcement of a managed distribution plan could indicate that the Fund is struggling to generate sufficient net investment income or capital gains, requiring the use of return capital for distributions, which may raise concerns about the sustainability of the Fund's financial health.
- The flexibility for the Board to amend or terminate the managed distribution plan at any time without prior notice to stockholders may create uncertainty regarding future distributions and the stability of the Fund.
- The disclaimer that no conclusions should be drawn about the Fund’s investment performance from the amount of the distributions may lead to skepticism among investors regarding the Fund’s overall performance.
FAQ
What is the Special Opportunities Fund's monthly distribution rate for 2025?
The Fund intends to make monthly distributions at an annual rate of 8%, or 0.6667% per month.
When are the next three distributions scheduled?
The next distributions are scheduled for October 31, November 28, and December 31, 2025.
How much will each monthly distribution be?
Each monthly distribution amount is $0.1098 for October, November, and December 2025.
What does the managed distribution plan include?
The plan includes distributions from net investment income, net realized capital gains, and/or return of capital.
How will I receive tax information about investments?
The Fund will provide a Form 1099-DIV after the year-end for tax reporting purposes.
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, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $SPE stock by insiders over the last 6 months:
- PHILLIP GOLDSTEIN (Chairman and Secretary) purchased 3,000 shares for an estimated $41,400
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SPE Hedge Fund Activity
We have seen 16 institutional investors add shares of $SPE stock to their portfolio, and 9 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SHAKER FINANCIAL SERVICES, LLC added 189,630 shares (+246.0%) to their portfolio in Q2 2025, for an estimated $2,937,368
- KOVITZ INVESTMENT GROUP PARTNERS, LLC removed 58,059 shares (-3.8%) from their portfolio in Q2 2025, for an estimated $899,333
- CSS LLC/IL removed 49,497 shares (-29.5%) from their portfolio in Q2 2025, for an estimated $766,708
- MORGAN STANLEY removed 45,803 shares (-39.2%) from their portfolio in Q2 2025, for an estimated $709,488
- GATEPASS CAPITAL, LLC removed 25,750 shares (-22.5%) from their portfolio in Q2 2025, for an estimated $398,867
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 20,486 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $317,328
- LAIRD NORTON WETHERBY WEALTH MANAGEMENT, LLC added 12,637 shares (+inf%) to their portfolio in Q2 2025, for an estimated $195,747
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) has announced that the Fund’s Board of Directors (the “Board”) has declared the next three monthly distributions under the Fund’s managed distribution plan.
Under the Fund’s managed distribution plan, the Fund intends to make monthly distributions to common stockholders at an annual rate of 8% (or 0.6667% per month) for 2025, based on the net asset value of $16.47 of the Fund’s common shares as of December 31, 2024.
The next three distributions declared under the managed distribution plan are as follows:
| Month | Amount | Record Date | Payable Date | |
| October |
$0.1098
|
October 21, 2025 | October 31, 2025 | |
| November |
$0.1098
|
November 18, 2025 | November 28, 2025 | |
| December |
$0.1098
|
December 16, 2025 | December 31, 2025 | |
Under the managed distribution plan, the Fund will distribute net investment income, net realized capital gains and/or return of capital. No conclusions should be drawn about the Fund’s investment performance from the amount of the distributions. The Board may amend the terms of the managed distribution plan or terminate the plan at any time without prior notice to stockholders.
The Fund will issue a notice to common stockholders that will provide an estimate of the composition of each distribution. For tax reporting purposes the actual composition of the total amount of distributions for each year will continue to be provided on a Form 1099-DIV issued after the end of the year.
Contacts
For information, please contact:
Thomas Antonucci, Bulldog Investors LLP (
[email protected]
)
