Special Opportunities Fund, Inc. (SPE) to Issue Monthly Dividend of $0.11 on May 29th

Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Monday, April 13th. Investors of record on Tuesday, May 19th will be paid a dividend of 0.1087 per share by the closed-end fund on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date is Tuesday, May 19th.

Special Opportunities Fund Trading Up 1.3%

Shares of SPE stock opened at $14.24 on Wednesday. Special Opportunities Fund has a 52-week low of $13.43 and a 52-week high of $15.98. The business’s fifty day moving average is $14.36 and its 200 day moving average is $14.90.

Institutional Investors Weigh In On Special Opportunities Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Scotia Capital Inc. raised its position in shares of Special Opportunities Fund by 1.2% in the third quarter. Scotia Capital Inc. now owns 107,016 shares of the closed-end fund’s stock worth $1,659,000 after buying an additional 1,270 shares in the last quarter. MAI Capital Management raised its position in shares of 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 worth $81,000 after buying an additional 1,450 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Special Opportunities Fund by 7.2% in the second quarter. Raymond James Financial Inc. now owns 31,197 shares of the closed-end fund’s stock worth $483,000 after buying an additional 2,082 shares in the last quarter. NBC Securities Inc. raised 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 worth $290,000 after buying an additional 3,539 shares in the last quarter. Finally, Cetera Investment Advisers raised 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 worth $362,000 after buying an additional 3,811 shares in the last quarter. Hedge funds and other institutional investors 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.