Special Opportunities Fund, Inc. (NYSE:SPE – Get Free Report) declared a monthly dividend on Monday, April 13th. Shareholders of record on Tuesday, May 19th will be paid a dividend of 0.1087 per share by the closed-end fund on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Tuesday, May 19th.
Special Opportunities Fund Stock Down 0.7%
Shares of NYSE SPE opened at $14.19 on Friday. The stock’s fifty day moving average price is $14.12 and its two-hundred day moving average price is $14.74. Special Opportunities Fund has a one year low of $13.43 and a one year high of $15.98.
About Special Opportunities Fund
Special Opportunities Fund (NYSE: SPE) is a closed-end management investment company that seeks to deliver attractive total return by investing across corporate capital structures. The fund primarily allocates capital to debt and equity securities of both public and private issuers, with a focus on special situations, distressed credits and event-driven opportunities.
The fund’s flexible, multi-asset strategy allows portfolio managers to shift allocations among high-yield bonds, leveraged loans, convertible securities, preferred stock and equity positions.
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