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

Special Opportunities Fund, Inc. (NYSE:SPE) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.1087 per share by the closed-end fund on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend is Tuesday, August 18th.

Special Opportunities Fund Stock Performance

Special Opportunities Fund stock opened at $13.52 on Thursday. Special Opportunities Fund has a fifty-two week low of $13.14 and a fifty-two week high of $15.98. The firm’s fifty day moving average price is $13.94 and its 200-day moving average price is $14.39.

Institutional Trading of Special Opportunities Fund

Several hedge funds and other institutional investors have recently bought and sold shares of SPE. MAI Capital Management lifted its stake 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 worth $81,000 after purchasing an additional 1,450 shares during the last quarter. Detalus Advisors LLC purchased a new stake in shares of Special Opportunities Fund during the first quarter valued at approximately $144,000. TrueMark Investments LLC grew its holdings in shares of Special Opportunities Fund by 8.7% in the first quarter. TrueMark Investments LLC now owns 16,208 shares of the closed-end fund’s stock worth $223,000 after purchasing an additional 1,293 shares during the last quarter. NBC Securities Inc. increased its stake 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 during the period. Finally, Cetera Investment Advisers raised its holdings in Special Opportunities Fund by 19.5% during the 2nd quarter. Cetera Investment Advisers now owns 23,341 shares of the closed-end fund’s stock valued at $362,000 after buying an additional 3,811 shares during 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.