Special Opportunities Fund, Inc. (NYSE:SPE) Declares Monthly Dividend of $0.11

Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Tuesday, September 22nd will be given a dividend of 0.1087 per share by the closed-end fund on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date is Tuesday, September 22nd.

Special Opportunities Fund Stock Up 0.3%

Shares of SPE opened at $13.52 on Thursday. Special Opportunities Fund has a twelve month low of $13.14 and a twelve month high of $15.98. The company has a 50 day moving average of $13.94 and a 200-day moving average of $14.39.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. MAI Capital Management grew its position in Special Opportunities Fund by 38.6% in the third quarter. MAI Capital Management now owns 5,203 shares of the closed-end fund’s stock valued at $81,000 after purchasing an additional 1,450 shares in the last quarter. Detalus Advisors LLC bought a new stake in Special Opportunities Fund during the 1st quarter worth about $144,000. TrueMark Investments LLC grew its holdings in shares of Special Opportunities Fund by 8.7% in the 1st quarter. TrueMark Investments LLC now owns 16,208 shares of the closed-end fund’s stock valued at $223,000 after acquiring an additional 1,293 shares in the last quarter. NBC Securities Inc. increased its position in shares of Special Opportunities Fund by 21.8% in the fourth quarter. NBC Securities Inc. now owns 19,770 shares of the closed-end fund’s stock valued at $290,000 after acquiring an additional 3,539 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Special Opportunities Fund by 19.5% in the second quarter. Cetera Investment Advisers now owns 23,341 shares of the closed-end fund’s stock valued at $362,000 after acquiring an additional 3,811 shares during the last quarter. Institutional investors and hedge funds own 35.60% of the company’s stock.

About Special Opportunities Fund

Special Opportunities Fund (NYSE: SPE) is a closed-end management investment company that seeks to deliver attractive total return by investing across corporate capital structures. The fund primarily allocates capital to debt and equity securities of both public and private issuers, with a focus on special situations, distressed credits and event-driven opportunities.

The fund’s flexible, multi-asset strategy allows portfolio managers to shift allocations among high-yield bonds, leveraged loans, convertible securities, preferred stock and equity positions.