SPE Stock Recent News

The Special Opportunities Fund offers a unique investment strategy by focusing on discounted CEFs, BDCs, and SPACs, potentially defying bearish market trends. SPE's high yield, primarily from CEF and BDC holdings, supports its dividend, but a deeper discount to NAV is needed for a Buy. The fund's healthy balance sheet, limited leverage, and strategic share repurchases enhance its intrinsic value and potential for positive returns.

SADDLE BROOK, N.J., April 10, 2025 (GLOBE NEWSWIRE) -- Special Opportunities Fund, Inc., (SPE or the “Fund”) (NYSE: SPE), one of the largest shareholders of Tejon Ranch Co., (TRC or “Tejon”) (NYSE: TRC), announced that it is soliciting proxies to elect three independent directors of Tejon at its annual meeting of shareholders on May 13, 2025.

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund's Board of Directors (the “Board”) has declared the next three monthly distributions 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 2025, based on the net asset value of $16.47 of the Fund's common shares as of December 31.

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund's Board of Directors has declared a cash dividend of $0.171875 per share on the Fund's 2.75% Convertible Preferred Stock, Series C. The dividend is payable on March 31, 2025 to holders of record as of March 20, 2025.

The essence of financial awareness is to realize that money can work for us through our investments. Understanding the value of money is the first step toward financial education, which leads to the selection of the most appropriate tools for developing that awareness. In my case, the instruments I have adopted are largely high-income vehicles, with monthly and, in some cases, quarterly distribution.

SWZ: Will Be Converting To A 'Hedge Fund' Style CEF

The Special Opportunities Fund (SPE) focuses on discounted closed-end funds, undervalued operating companies, and other special distributions to generate absolute returns. The SPE fund delivered 46% total returns since December 2023, outperforming the S&P 500. But with its discount to NAV normalized, forward returns are expected to be more modest. The SPE fund raised its 2025 distribution to $0.1098 / month, or an 8.4% forward yield.

Our investments, usually conceived and implemented gradually over time, are the pieces of a personal mosaic that form the whole of our assets. One solution for entering the financial markets can be Dollar-Cost Averaging (DCA), a form of investing a constant amount at regular intervals. However, initiating a plan to buy stocks according to the logic of DCA presupposes awareness of the fluctuations in financial markets and their psychological implications.

Create a portfolio that rains money into your account every month, so you don't need to worry any longer. Get buckets of income, not thimbles of income. Investors get caught trying to "beat everyone else" and fail to set real goals.

Closed-end fund discounts/premiums, due to their structure, allow for potential opportunities to capitalize on mean reversion. CEFs also offer relatively higher distribution yields as they leverage their portfolios and payout sources of income, capital gains and/or return of capital. Today, we are giving SPE and PFO a look; these are two funds that, we believe, are attractively valued and provide monthly distribution to investors.