Special Opportunities Fund Declares Distributions For Fourth Quarter of 2023
15 Setembro 2023 - 1:15PM
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 2023, based on the net asset value
of $13.01 of the Fund’s common shares as of December 31, 2022.
The next three distributions declared under the managed
distribution plan are as follows:
Month
Rate
Record
Date
Payable
Date
October
$0.0867
October 20, 2023
October 31, 2023
November
$0.0867
November 20, 2023
November 30, 2023
December
$0.0867
December 19, 2023
December 29, 2023
Under the managed distribution plan, to the extent that
sufficient investment income is not available on a monthly basis,
the Fund will distribute long-term capital gains and/or return of
capital. To the extent that the Fund’s net investment income and
net realized capital gains exceed the aggregate amount distributed
pursuant to the managed distribution plan, the Fund may make an
additional year-end distribution. No conclusions should be drawn
about the Fund’s investment performance from the amount of the
distributions. The Board may amend the terms of the managed
distribution plan or terminate the plan at any time.
The Fund will issue a notice to common stockholders that will
provide an estimate of the composition of each distribution. For
tax reporting purposes the actual composition of the total amount
of distributions for each year will continue to be provided on a
Form 1099-DIV issued after the end of the year.
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version on businesswire.com: https://www.businesswire.com/news/home/20230915566737/en/
U.S. Bank Global Fund Services – John Buckel (414) 516-1514
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