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Stock impact report

Special Opportunities Fund Announces Managed Distribution Plan

Special Opportunities Fund, Inc (SPE) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Board of Directors (the “Board”) has approved the adoption of a managed distribution plan whereby the Fund intends, beginning in April 2019, to make monthly distributions to common stockholders at an annual rate of 6% (or 0.5% per month) for the remainder of 2019, based on the net asset value (NAV) of the Fund’s common shares as of March 29, 2019. Beginning in January 2020, the Fund intends to make monthly distributions to common stockholders at an annual rate of 6%, based on the NAV of the Fund’s common shares as of the close of business on the last business day of the previous year. The first three dividends declared under the managed distribution plan are as follows: Month     Show less Read more
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