Special Opportunities Fund, Inc. (NYSE:SPE) Plans $0.11 Monthly Dividend

Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Wednesday, July 1st. Investors 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 9.6%. The ex-dividend date is Tuesday, August 18th.

Special Opportunities Fund Stock Performance

Shares of SPE opened at $13.55 on Thursday. The firm’s 50-day moving average is $13.94 and its two-hundred day moving average is $14.39. Special Opportunities Fund has a twelve month low of $13.14 and a twelve month high of $15.98.

Institutional Investors Weigh In On Special Opportunities Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. increased its position in Special Opportunities Fund by 7.2% during the second quarter. Raymond James Financial Inc. now owns 31,197 shares of the closed-end fund’s stock worth $483,000 after buying an additional 2,082 shares during the last quarter. Scotia Capital Inc. increased its holdings in shares of Special Opportunities Fund by 1.2% during the 3rd quarter. Scotia Capital Inc. now owns 107,016 shares of the closed-end fund’s stock valued at $1,659,000 after acquiring an additional 1,270 shares during the last quarter. First Manhattan CO. LLC. raised its stake in shares of Special Opportunities Fund by 27.0% in the 4th quarter. First Manhattan CO. LLC. now owns 40,010 shares of the closed-end fund’s stock valued at $620,000 after acquiring an additional 8,500 shares in the last quarter. Cetera Investment Advisers boosted its position in Special Opportunities Fund by 19.4% during the fourth quarter. Cetera Investment Advisers now owns 38,001 shares of the closed-end fund’s stock worth $558,000 after purchasing an additional 6,175 shares during the period. Finally, Detalus Advisors LLC acquired a new position in Special Opportunities Fund during the first quarter valued at approximately $144,000. Institutional investors and hedge funds own 35.60% of the company’s stock.

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.