Special Opportunities Fund Declares Distributions for Fourth Quarter of 2022, Payable on October 31, 2022, November 30, 2022 and December 30, 2022 Respectively
October 05, 2022 at 09:57 am EDT
Share
Special Opportunities Fund, Inc. announced that the Fund's Board of Directors has declared the next three monthly dividends 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 2022, based on the net asset value of $16.55 of the Fund's common shares as of December 31, 2021. The next three dividends for 2022 declared under the managed distribution plan are as follows: October, November and December dividend is $0.11.
Record dates are October 20, 2022, November 18, 2022 and December 20, 2022. The dividend will be payable on October 31, 2022, November 30, 2022 and December 30, 2022.
Special Opportunities Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is total return. The Fund invests primarily in securities, which have the opportunity for appreciation. The Fund may employ strategies designed to capture price movements generated by anticipated corporate events, such as investing in companies involved in special situations, including, but not limited to, mergers, acquisitions, asset sales, spin-offs, balance sheet restructuring, bankruptcy, liquidations, and tender offers. The Fund may, from time to time, engage in short sales of securities for investment or for hedging purposes. The Fund invests in closed-end funds, business development companies, preferred stocks, other common stocks, special purpose acquisition vehicles, corporate obligations, money market funds, warrants and rights, among others. Bulldog Investors, LLP is the investment adviser of the Fund.
Special Opportunities Fund Declares Distributions for Fourth Quarter of 2022, Payable on October 31, 2022, November 30, 2022 and December 30, 2022 Respectively
SPECIAL OPPORTUNITIES FUND, INC. 
