Special Opportunities Fund, Inc. (SPE) to Issue Monthly Dividend of $0.11 on June 30th

Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Monday, April 13th. Shareholders of record on Tuesday, June 16th will be given a dividend of 0.1087 per share by the closed-end fund on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date is Tuesday, June 16th.

Special Opportunities Fund Stock Performance

SPE stock opened at $13.61 on Friday. The business’s fifty day simple moving average is $14.09 and its two-hundred day simple moving average is $14.56. Special Opportunities Fund has a twelve month low of $13.43 and a twelve month high of $15.98.

Institutional Trading of Special Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of SPE. Detalus Advisors LLC purchased a new stake in Special Opportunities Fund in the first quarter worth $144,000. First Manhattan CO. LLC. increased its stake in Special Opportunities Fund by 27.0% in the fourth quarter. First Manhattan CO. LLC. now owns 40,010 shares of the closed-end fund’s stock worth $620,000 after purchasing an additional 8,500 shares during the period. Cetera Investment Advisers increased its stake in shares of Special Opportunities Fund by 19.4% during the fourth quarter. Cetera Investment Advisers now owns 38,001 shares of the closed-end fund’s stock valued at $558,000 after buying an additional 6,175 shares during the period. NBC Securities Inc. increased its stake in shares of Special Opportunities Fund by 21.8% during the fourth quarter. NBC Securities Inc. now owns 19,770 shares of the closed-end fund’s stock valued at $290,000 after buying an additional 3,539 shares during the period. Finally, Raymond James Financial Inc. increased its stake in shares of Special Opportunities Fund by 7.2% during the second quarter. Raymond James Financial Inc. now owns 31,197 shares of the closed-end fund’s stock valued at $483,000 after buying an additional 2,082 shares during the period. 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.