Special Opportunities Fund Declares Distributions for the Month of January 2024, Payable on January 31, 2024
January 03, 2024 at 10:21 am EST
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Special Opportunities Fund, Inc. announced that the Fund?s Board of Directors has declared the monthly distribution 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 distribution declared under the managed distribution plan is for the month of January $0.0954 per share, Record Date is January 22, 2024 and Payable Date is January 31, 2024.
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, INC. 
