SPE
Special Opportunities FundSPE
SPE
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. In addition, it also makes investments in construction materials, consumer finance, healthcare equipment and supplies, independent power and renewable electricity producers, insurance, personal products, professional services and real estate investment trusts.
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
2.3% less ownership
Funds ownership: 28.74% [Q4 2024] → 26.45% (-2.3%) [Q1 2025]
6% less capital invested
Capital invested by funds: $44.7M [Q4 2024] → $42.2M (-$2.47M) [Q1 2025]
8% less funds holding
Funds holding: 38 [Q4 2024] → 35 (-3) [Q1 2025]
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Research analyst outlook
We haven’t received any recent analyst ratings for SPE.
Financial journalist opinion
Positive
Seeking Alpha
1 week ago
2 Picks For Monthly Distributions And Participating With Activists
Closed-end funds offer unique opportunities due to the structure, which allows for the share price to swing wildly different from the underlying portfolio value. There are activist groups that specifically target these in a way to take advantage of this feature within the closed-end fund space. On top of that, it also provides significant diversification by investing in already diversified CEFs, and additionally, this can translate into strong monthly distributions.
Neutral
Business Wire
1 week ago
Special Opportunities Fund, Inc. Dividend Declaration
NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund's Board of Directors has declared a cash dividend of $0.171875 per share on the Fund's 2.75% Convertible Preferred Stock, Series C. The dividend is payable on June 30, 2025 to holders of record as of June 18, 2025.
Neutral
Seeking Alpha
1 month ago
SPE: Looking For Diamonds In The Rough, But It Has Issues
The Special Opportunities Fund is an investment I have looked at before, and was impressed with. I recommended it for income investors in the past. However, further review shows some cracks in the foundation, with odd reporting times and confusing tax paperwork where the fund managers contradict themselves. Despite this, the fund has proven to be a solid investment in the past, with a decent dividend record, and a unique asset mix that is not found in other funds.
Neutral
GlobeNewsWire
1 month ago
Shareholders of Tejon Ranch Co. Urged to Vote for an Accountable Board of Directors
SADDLE BROOK, N.J., May 05, 2025 (GLOBE NEWSWIRE) -- Special Opportunities Fund, Inc. (NYSE: SPE) and Bulldog Investors, LLP (together, “Bulldog”), holders of 2.1% of Tejon Ranch Co., urge shareholders of Tejon Ranch Co. (NYSE: TRC) (“Tejon”) to vote to elect Andrew Dakos, Phillip Goldstein, and Aaron Morris as directors. Bulldog strongly believes that electing these nominees to Tejon's ten-person Board of Directors, will result in greater transparency and accountability and a higher stock price.
Neutral
Seeking Alpha
1 month ago
My Income Portfolio: In The Garden Of Eden
Total Return can be misleading if not supported by NAV growth, as it may include unsustainable distributions and Return of Capital. Behavioral finance shows markets are irrational, making it crucial to consider practical aspects beyond theoretical Total Return calculations. I believe that NAV performance can affect our discretion in the reinvestment choices for the distributions we receive from our savings much more than Total Return.
Positive
Seeking Alpha
1 month ago
SPE: Potential Curve Ball For Bear Markets
The Special Opportunities Fund offers a unique investment strategy by focusing on discounted CEFs, BDCs, and SPACs, potentially defying bearish market trends. SPE's high yield, primarily from CEF and BDC holdings, supports its dividend, but a deeper discount to NAV is needed for a Buy. The fund's healthy balance sheet, limited leverage, and strategic share repurchases enhance its intrinsic value and potential for positive returns.
Neutral
GlobeNewsWire
2 months ago
Special Opportunities Fund Seeks to Elect Directors of Tejon Ranch Co.
SADDLE BROOK, N.J., April 10, 2025 (GLOBE NEWSWIRE) -- Special Opportunities Fund, Inc., (SPE or the “Fund”) (NYSE: SPE), one of the largest shareholders of Tejon Ranch Co., (TRC or “Tejon”) (NYSE: TRC), announced that it is soliciting proxies to elect three independent directors of Tejon at its annual meeting of shareholders on May 13, 2025.
Neutral
Business Wire
2 months ago
Special Opportunities Fund Declares Distributions For Second Quarter of 2025
NEW YORK--(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 2025, based on the net asset value of $16.47 of the Fund's common shares as of December 31.
Neutral
Business Wire
3 months ago
Special Opportunities Fund, Inc. Dividend Declaration
NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund's Board of Directors has declared a cash dividend of $0.171875 per share on the Fund's 2.75% Convertible Preferred Stock, Series C. The dividend is payable on March 31, 2025 to holders of record as of March 20, 2025.
Neutral
Seeking Alpha
3 months ago
My Income Portfolio: Financial Awareness
The essence of financial awareness is to realize that money can work for us through our investments. Understanding the value of money is the first step toward financial education, which leads to the selection of the most appropriate tools for developing that awareness. In my case, the instruments I have adopted are largely high-income vehicles, with monthly and, in some cases, quarterly distribution.
Charts implemented using Lightweight Charts™