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

Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Monday, September 28th. Investors of record on Tuesday, November 17th will be paid a dividend of $0.1087 per share by the closed-end fund on Monday, November 30th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date of this dividend is Tuesday, November 17th.

Special Opportunities Fund Trading Down 0.5%

Shares of SPE opened at $12.87 on Tuesday. Special Opportunities Fund has a 52 week low of $12.76 and a 52 week high of $15.68. The business’s fifty day moving average price is $13.33 and its two-hundred day moving average price is $13.69.

Hedge Funds Weigh In On Special Opportunities Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. SkyView Investment Advisors LLC acquired a new stake in Special Opportunities Fund during the 2nd quarter worth $44,000. Concurrent Investment Advisors LLC lifted its stake in shares of Special Opportunities Fund by 31.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 94,611 shares of the closed-end fund’s stock valued at $2,687,000 after purchasing an additional 22,399 shares during the period. Susquehanna International Group LLP boosted its position in shares of Special Opportunities Fund by 30.6% in the 2nd quarter. Susquehanna International Group LLP now owns 15,435 shares of the closed-end fund’s stock worth $208,000 after purchasing an additional 3,614 shares during the last quarter. Patron Partners LLC acquired a new stake in shares of Special Opportunities Fund during the second quarter worth $192,000. Finally, Global Retirement Partners LLC bought a new stake in Special Opportunities Fund in the second quarter valued at about $50,000. 35.60% of the stock is owned by institutional investors.

About Special Opportunities Fund

Special Opportunities Fund, Inc (NYSE: SPE) is a diversified closed-end investment company. The fund seeks to provide investors with total return through a combination of current income and capital appreciation.

The fund invests primarily in closed-end funds, business development companies and other publicly traded securities. Its strategy may also include investments in special situations, including securities that may be undervalued, subject to corporate actions or involved in opportunities such as tender offers and other market events.

Special Opportunities Fund is advised by Bulldog Investors, LLC, an investment management firm known for specializing in closed-end funds and special situations.