Special Opportunities Fund, Inc. (NYSE:SPE) Shareholders to Collect $0.11 Monthly Dividend

Special Opportunities Fund, Inc. (NYSE:SPE) declared a monthly dividend on Monday, September 28th. Stockholders of record on Tuesday, December 22nd will be paid a dividend of $0.1087 per share by the closed-end fund on Thursday, December 31st. This represents a $1.30 annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Tuesday, December 22nd.

Special Opportunities Fund Trading Down 0.5%

NYSE:SPE opened at $12.87 on Tuesday. The stock has a 50-day moving average price of $13.33 and a 200 day moving average price of $13.69. Special Opportunities Fund has a 12-month low of $12.76 and a 12-month high of $15.68.

Hedge Funds Weigh In On Special Opportunities Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SkyView Investment Advisors LLC purchased a new position in Special Opportunities Fund during the second quarter valued at $44,000. Global Retirement Partners LLC purchased a new stake in Special Opportunities Fund in the 2nd quarter worth $50,000. Detalus Advisors LLC bought a new position in shares of Special Opportunities Fund during the 1st quarter valued at about $144,000. Patron Partners LLC purchased a new position in shares of Special Opportunities Fund during the second quarter valued at about $192,000. Finally, Susquehanna International Group LLP increased its holdings in shares of Special Opportunities Fund by 30.6% in the second 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. Institutional investors own 35.60% of the company’s stock.

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.