Special Opportunities Fund Declares Distributions For First Quarter of 2025

NEW YORK--(BUSINESS WIRE)--January 06, 2025-- 

Special Opportunities Fund, Inc. $(SPE)$ (the "Fund") today 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 
---------  ----------  --------------------  -------------------- 
 January      $0.1098     January 21, 2025      January 31, 2025 
 February     $0.1098     February 18, 2025     February 28, 2025 
 March        $0.1098     March 18, 2025        March 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250106717604/en/

 
    CONTACT: 

Thomas Antonucci, Bulldog Investors LLP (1-201-566-0092)

(END) Dow Jones Newswires

January 06, 2025 12:33 ET (17:33 GMT)