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SPE

Special Opportunities Fund

SPE

Market cap $143M

13.00 USD

-0.14

1.07%

At close Updated Sep 23, 4:00 PM EDT

1 day

-1.07%

5 days

-0.76%

1 month

-2.55%

3 months

-1.74%

6 months

-6.07%

Year to date

-11.86%

1 year

-12.52%

5 years

-13.74%

10 years

-8.45%

About: Special Opportunities Fund Inc is a closed-ended diversified management investment company. Its investment objective is to have the total return. The company's investment portfolio consists of investment companies, common stocks, money market funds, commodity partnerships, preferred stocks, convertible bonds, liquidating trusts, promissory notes, senior unsecured notes, warrants, rights, corporate notes and corporate bonds.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 37.5%

Neutral 50%

Negative 12.5%

Gathering Alpha Where Nobody Watches With SPE's Preferred Stock

Special Opportunities Fund, Inc. (SPE) offers diversified exposure to SPACs, CEFs, and BDCs, with a 15% discount to NAV on common stock. SPE.PR.C convertible preferred shares yield approximately 7.1%, trade below par, and are protected by a 400%+ asset coverage ratio under the 1940 Act. I recommend buying SPE.PR.C at $24.80 or lower due to its high price sensitivity and low duration, making it a viable cash substitute.

Gathering Alpha Where Nobody Watches With SPE's Preferred Stock

Special Opportunities Fund: Review Of The Semi-Annual Shareholder Report

The Special Opportunities Fund underperformed the S&P 500 in H1 2026, with a 0.80% total return versus 10.21%, driven by a widening discount to NAV. SPE's portfolio is structured for lower volatility, featuring a 20%+ allocation to pre-merger SPACs and significant closed-end fund positions, diverging from broad equity indexes. Share repurchases resume as the discount widens above 12%, with management and value-oriented investors targeting shareholder value via buybacks and potential activism.

Special Opportunities Fund: Review Of The Semi-Annual Shareholder Report

2 Closed-End Fund Buys In The Month Of August 2026

Every month I add to positions in my closed-end fund portfolio, which helps to compound my distribution growth over the long term. While markets are tapping new all-time highs or close to it, I let my cash pile build, which has been the case for a handful of months now. With that, I still added to two positions, which are long-time positions of mine where I feel they are differentiated and discounted enough to be appealing currently.

2 Closed-End Fund Buys In The Month Of August 2026

My Income Portfolio: The Knight's Move

Inspired by the horse race in the 2026 Palio di Siena, I made a financial move that I hope will be just as clever as the knight's move in chess. I decided to close out two positions in my Cupolone portfolio that I wasn't entirely convinced about, raising cash to reinvest when the opportunity arises. The purpose of this move is to use this liquidity in securities with better overall NAV performance and a greater likelihood of long-term success.

My Income Portfolio: The Knight's Move

My Income Portfolio: The Music Of Dividends

A note is the basic element of musical language: each one represents a sound, and through their combination music takes shape. As with notes on a staff, infinite are the combinations of financial instruments through which investors' portfolios take shape. My current portfolio consists of 28 securities that play a music generated by the flow of dividends against the backdrop of a rising NAV for most of them.

My Income Portfolio: The Music Of Dividends

SPE: Discount Gets Even Deeper And More Attractive

The Special Opportunities Fund trades at a deep discount that has recently gotten deeper, making it a compelling 'Buy' despite recent underperformance. SPE's portfolio is heavily weighted toward other discounted CEFs and SPACs, providing diversification, but a couple of names have resulted in muted returns so far this year. That can be important because the fund's distribution policy is based on an 8% reset, and the fund has not been keeping up with the returns needed.

SPE: Discount Gets Even Deeper And More Attractive

My Income Portfolio-Boosting Returns

The risk-return tradeoff is the financial principle according to which potentially higher returns require accepting higher risk. Risk is the potential for monetary loss or default stemming from market volatility, excessive debt, or unexpected economic downturns. When it comes to volatility, the main culprit is often leverage—the use of borrowed money to fund investments with the goal of multiplying returns.

My Income Portfolio-Boosting Returns

Special Opportunities Fund Announces Distributions For Third Quarter of 2026

NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- 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.

Special Opportunities Fund Announces Distributions For Third Quarter of 2026

My Income Portfolio - Looking For Dividends

Dividend investing provides a consistent income stream, beneficial for those seeking passive income, while growth stocks may require selling shares to realize gains. Seeking dividend income does not rule out focusing on the growth of the portfolio's nominal value, thanks to many funds that see their NAV grow over time. These securities offer a dual advantage: immediate returns through regular, periodic distributions, and capital appreciation through long-term NAV increase.

My Income Portfolio - Looking For Dividends

My Income Portfolio: Dividends Are Forever

Dividend strategies aim to generate steady streams of passive income over time. At the same time, they should not neglect capital growth, so demonstrating that dividend payouts do not erode their underlying value over the long term. A significant portion of my holdings currently show a positive NAV performance since their launch, which remains for me an equally important goal for the long run.

My Income Portfolio: Dividends Are Forever

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