Special Opportunities Fund : Announces Dividends on Common and Convertible Preferred Stock – December 9, 2019
December 09, 2019 at 04:16 pm EST
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Special Opportunities Fund, Inc. Announces Dividends on Common
and Convertible Preferred Stock
New York, December 9, 2019-Special Opportunities Fund, Inc. (NYSE: SPE) (the "Fund") today announced that the Fund's Board of Directors (the "Board") has declared a year-end cash dividend of $0.25169 per share of common stock which is estimated to consist entirely of long- term capital gains.
The dividend is payable on December 31, 2019 to common stockholders of record as of December 19, 2019.
In addition, the Board has declared a quarterly cash dividend of $0.21875 on the Fund's 3.50% Convertible Preferred Stock, Series B. The dividend is payable on December 31, 2019 to holders of record as of December 19, 2019.
The final determination of the sources of all distributions in 2019 will be made after year end and may vary from the estimated amounts previously provided.
Periodically updated information on the Fund can be obtained by visiting the Fund's website at
www.specialopportunitiesfundinc.com.
CONTACT:
U.S. Bank Global Fund Services - John Buckel (414) 765-4255
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Special Opportunities Fund Inc. published this content on 09 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2019 21:15:02 UTC
Special Opportunities Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is total return. The Fund invests primarily in securities, which have the opportunity for appreciation. The Fund may employ strategies designed to capture price movements generated by anticipated corporate events, such as investing in companies involved in special situations, including, but not limited to, mergers, acquisitions, asset sales, spin-offs, balance sheet restructuring, bankruptcy, liquidations, and tender offers. The Fund may, from time to time, engage in short sales of securities for investment or for hedging purposes. The Fund invests in closed-end funds, business development companies, preferred stocks, other common stocks, special purpose acquisition vehicles, corporate obligations, money market funds, warrants and rights, among others. Bulldog Investors, LLP is the investment adviser of the Fund.
SPECIAL OPPORTUNITIES FUND, INC. 
