Special Opportunities Fund Announces Upcoming Distributions

Special Opportunities Fund Announces Monthly Distributions

Special Opportunities Fund, Inc. (NYSE: SPE) recently shared exciting news with its stockholders. The Fund's Board of Directors has officially declared the next three monthly distributions under its well-structured managed distribution plan. This plan is designed to provide consistent income to its investors throughout the year, highlighting the Fund's commitment to delivering value to its stakeholders.

Overview of the Distribution Plan

The managed distribution plan established by the Fund is a strategic initiative to provide monthly income to common stockholders. Under this plan, the Fund aims to maintain an annual distribution rate of 8%, translating to a monthly payment rate of approximately 0.6667%. This rate is based on the net asset value of $16.47 as recorded for the Fund's common shares. This initiative reflects the Fund’s dedication to ensuring its investors receive regular returns on their investments.

Details of the Declared Distributions

Recently, the Board has announced three forthcoming distributions. These distributions are meticulously planned to ensure that stockholders are informed and prepared to receive their payouts. The details of these distributions are as follows:

• January: $0.1098 per share, record date January 21, 2025, and payable date January 31, 2025.
• February: $0.1098 per share, record date February 18, 2025, and payable date February 28, 2025.
• March: $0.1098 per share, record date March 18, 2025, and payable date March 31, 2025.

Understanding the Composition of Distributions

Through this distribution framework, the Fund will allocate its net investment income, net realized capital gains, and/or return of capital to stockholders. It is important for investors to understand that the total distribution amount does not directly reflect the overall investment performance of the Fund. The Board holds the authority to modify the terms of the distribution plan or potentially terminate it as necessary, thereby maintaining flexibility to adapt to market conditions.

Ongoing Communication with Stockholders

In order to keep stockholders well-informed, the Fund will issue a notification that outlines the expected composition of each distribution. Additionally, for tax reporting purposes, an accurate depiction of the total distribution amounts will be provided through a Form 1099-DIV, ensuring transparency and compliance with tax regulations at the end of each fiscal year.

Final Thoughts on the Fund's Strategy

The initiatives taken by the Special Opportunities Fund reflect a solid strategy aimed at benefiting its investors. With a consistent and well-defined distribution plan in action, stockholders can anticipate regular income and a clear understanding of how their investments are managed. As the Fund continues to operate under this plan, ongoing updates and transparency will remain key components of their investor relations strategy.

Frequently Asked Questions

What is the distribution rate of the Special Opportunities Fund?

The Fund has set an annual distribution rate of 8%, equivalent to roughly 0.6667% per month based on its net asset value.

When are the upcoming distributions scheduled?

The next distributions are set for January 31, February 28, and March 31 of the upcoming year.

What factors influence the distribution amounts?

Distribution amounts are influenced by various factors including net investment income, net realized capital gains, and the Fund's overall financial performance.

Can the managed distribution plan be altered?

Yes, the Board of the Fund has the discretion to amend or terminate the managed distribution plan as needed.

How can stockholders receive updates about distributions?

The Fund notifies stockholders about distributions and provides detailed information on how the distributions are composed.

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