Key Developments: Special Opportunities Fund Inc (SPE)
17.75USD
21 May 2013
$0.02 (+0.11%)
$17.79
$17.68
$17.86
$17.65
11,507
12,918
$17.86
$14.21
Latest Key Developments (Source: Significant Developments)
Special Opportunities Fund Inc Announces Share Repurchase Plan
Special Opportunities Fund Inc announced that the Board of Directors has authorized a share repurchase program pursuant to which the Fund may purchase shares of its common stock without limitation when such shares are trading at a discount to net asset value subject to the safe harbor provisions set forth in Rule 10b-18 of the Securities Exchange Act of 1934. The program will become effective on April 19, 2013. Full Article
Special Opportunities Fund Inc Announces Dividend Declaration
Special Opportunities Fund Inc announced that the Fund`s Board of Directors has declared a quarterly cash dividend on the Fund`s 3.00% Convertible Preferred Stock, Series A. The dividend is payable on March 28, 2013 to holders of record as of March 27, 2013, at the rate of $0.35651 per share. Full Article
Special Opportunities Fund Inc Announces Dividends on Common and Convertible Preferred Stock
Special Opportunities Fund Inc announced that Board of Directors (the "Board") has declared a year-end stock dividend of $0.95 per share of common stock consisting of $0.52 of long term capital gains, $0.20 of short term capital gains and 0.23 of net investment income. The dividend is payable on January 25, 2013 to common stockholders of record as of December 21, 2012. The dividend will be paid in shares of common stock of the Fund; however, any stockholder may elect to receive the dividend in cash in lieu of shares of common stock. The dividend is taxable to stockholders in 2012 whether or not they elect to receive cash.In addition, the Board has declared a quarterly cash dividend of $0.375 on the Fund's 3.00% Convertible Preferred Stock, Series A. The dividend is payable on December 31, 2012 to holders of record as of December 28, 2012. Full Article
Special Opportunities Fund, Inc. Announces Completion Of Rights Offering
Special Opportunities Fund, Inc. announced that its rights offering to purchase for $50 per share up to 680,987 shares of a newly designated class of convertible preferred stock expired on July 23, 2012. As previously announced, the Expiration Date was extended from July 9, 2012 to July 23, 2012 so that a supplement to the prospectus could be prepared and filed with the Securities and Exchange Commission. Based on preliminary results provided by American Stock Transfer & Trust Co., the Fund’s subscription agent, subscription requests for approximately 1.5 million shares have been received. As a result, the Fund has elected to issue an additional 68,099 shares as permitted in the prospectus. The aggregate number of shares to be issued is 749,086 for which the Fund will receive a total of $37,454,300 in cash. Additional information regarding the method for allocating shares pursuant to the over-subscription privilege may be found in the prospectus. Full Article
Special Opportunities Fund, Inc. Announces To Commence Rights Offering
Special Opportunities Fund, Inc. will issue to its common stockholders one transferable right for every 10 shares of common stock held on June 15, 2012, entitling the holders of such rights to purchase shares of a newly designated class of convertible preferred stock. The rights will expire on July 9, 2012, and will entitle the holder to purchase one share of a convertible preferred stock at a price of $50 per share for each right held. The rights will be traded through the NASDAQ Capital Market and the Fund anticipates that the convertible preferred stock will be listed on the New York Stock Exchange. All holders of rights who fully subscribe in the offering will have the option to oversubscribe for additional shares of convertible preferred stock, which may be available if fewer than all rights are exercised. Full Article
Special Opportunities Fund, Inc. Announces Dividend Declaration
Special Opportunities Fund, Inc. announced that its Board of Directors has declared a year-end stock dividend of $0.53545 per share of common stock consisting of $0.24499 of long term capital gains, $0.02675 of short term capital gains and 0.26371 of net investment income. Full Article
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