Special Opportunities Fund Declares Distributions for First Quarter Of 2022
04 Janeiro 2022 - 11:46AM
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 dividends 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 2022, based on the net asset value
of $16.55 of the Fund’s common shares as of December 31, 2021.
The next three dividends for 2022 declared under the managed
distribution plan are as follows:
Month
Rate
Record
Date
Payable
Date
January
$0.11
January 20, 2022
January 31, 2022
February
$0.11
February 17, 2022
February 28, 2022
March
$0.11
March 22, 2022
March 31, 2022
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 without prior
notice to stockholders which could have an adverse effect on the
market price of the Fund’s common shares. The plan will be subject
to periodic review by the Board, including a yearly review of the
annual fixed rate to determine if an adjustment should be made.
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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U.S. Bank Global Fund Services – John Buckel (414) 765-4255
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