Special Opportunities Fund (SPE) Stock

Special Opportunities Fund has shown significant improvement in 2024, achieving a total return of nearly 39%, outperforming the S&P 500's YTD return of 30%. Bulldog Investors' activist campaigns have successfully narrowed discounts in various CEFs, with potential for further narrowing into 2025, enhancing SPE's performance. Despite high management fees and costs, SPE's rising net assets and improved performance suggest a sustainable high distribution policy and potential for increased monthly distributions.

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: 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 2024, based on the net asset value of $14.31 of the Fund's common shares as of December 31.

PHILADELPHIA--(BUSINESS WIRE)-- #braskem--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an industrial scale, and WEAV3D Inc., an advanced manufacturing and materials startup, today announced Braskem's and WEAV3D Inc.'s thermoplastic composite lattice technology, in partnership with the Clemson Composites Center at Clemson University, was selected Most Innovative Part.

Special Opportunities Fund (SPE) offers exposure to a diversified portfolio managed by activist group Bulldog Investors, focusing on discounted closed-end funds. The fund's discount is quite attractive both on an absolute basis and a relative basis compared to its historical level. SPE's portfolio includes a focus on other CEFs but that also includes business development companies and special purpose acquisition companies as well.

SPE outperformed the S&P 500 with a 15.45% return, aided by a 1.28% discount narrowing and strategic share repurchases. Increased SPAC allocation to 16.2%, reduced CEFs and BDCs, and saw successful activist outcomes with CMU, CXH, and DMA. New positions in Magellan Global Fund and Macy's, significant exposure to term trusts, and proactive shareholder proposals to enhance value.

LAS VEGAS--(BUSINESS WIRE)--Legendary entertainer and music icon Donny Osmond celebrates the third anniversary of his award-winning solo show DONNY and extends his residency inside Harrah's Las Vegas Showroom at Harrah's Las Vegas through June of 2025. Osmond's show takes its audience through a dynamic, energy-filled musical journey of his unparalleled life as one of the most recognized entertainers in the world. Featuring the fan favorite “Auto-rap-ography” – a rap song accompanied by mileston.

SPE Fund is managed by Bulldog Investors and focuses on exploiting pricing inefficiencies in other closed-end funds (CEFs) through activist campaigns. The fund offers diversification by investing in various asset classes, including SPACs, fixed income exposures, and different geographies. SPE has shown improved performance since last September, with a potential for higher dividends, making it a consideration for investors seeking stable monthly distributions.

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund's Board of Directors has declared a cash dividend of $0.171875 per share on the Fund's 2.75% Convertible Preferred Stock, Series C. The dividend is payable on June 28, 2024 to holders of record as of June 18, 2024.

The Special Opportunities Fund uses a value-driven approach to invest in discounted assets in different markets. It has consistently outperformed similar funds and provides diversification through its investment in a variety of closed-end funds. The fund's current discount to NAV makes it an appealing choice for investors looking for value in a market focused on growth stocks.