Special Opportunities Fund, Inc. (NYSE:SPE – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.1087 per share by the closed-end fund on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend is Tuesday, August 18th.
Special Opportunities Fund Trading Up 0.3%
NYSE SPE opened at $13.52 on Thursday. Special Opportunities Fund has a fifty-two week low of $13.14 and a fifty-two week high of $15.98. The stock has a 50 day simple moving average of $13.94 and a two-hundred day simple moving average of $14.39.
About Special Opportunities Fund
Special Opportunities Fund (NYSE: SPE) is a closed-end management investment company that seeks to deliver attractive total return by investing across corporate capital structures. The fund primarily allocates capital to debt and equity securities of both public and private issuers, with a focus on special situations, distressed credits and event-driven opportunities.
The fund’s flexible, multi-asset strategy allows portfolio managers to shift allocations among high-yield bonds, leveraged loans, convertible securities, preferred stock and equity positions.
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