Special Opportunities Fund Declares Distributions For Fourth Quarter of 2024
26 Septembre 2024 - 8:38PM
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, 2023.
The next three distributions declared under the managed
distribution plan are as follows:
Month
Amount
Record
Date
Payable
Date
October
$0.0954
October 22, 2024
October 31, 2024
November
$0.0954
November 19, 2024
November 29, 2024
December
$0.0954
December 17, 2024
December 31, 2024
Under the managed distribution plan, to the extent that
sufficient investment income is not available on a monthly basis,
the Fund will distribute long-term capital gains and/or return of
capital. To the extent that the Fund’s net investment income and
net realized capital gains exceed the aggregate amount distributed
pursuant to the managed distribution plan, the Fund may make an
additional year-end distribution. 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 which could have an adverse effect on the
market price of the Fund’s common shares. The plan will be subject
to periodic review by the Board, including a yearly review of the
annual fixed rate to determine if an adjustment should be made.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240926928405/en/
Thomas Antonucci, Bulldog Investors LLP (1-201-566-0092)
Special Opportunities (NYSE:SPE)
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