SPE
Special Opportunities Fund, Inc.15.14
-0.08-0.53%
Dec 16, 3:59:54 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
160.83MP/E (TTM)
5.24Basic EPS (TTM)
2.89Dividend Yield
0.08%Recent Filings
8-K
Lawsuit enforces FDEU board votes
Special Opportunities Fund, alongside Bulldog Investors and High Income Securities Fund, filed a lawsuit on May 11, 2023, in Massachusetts federal court to enforce voting results favoring its nominees for the First Trust Dynamic Europe Equity Income Fund board from the April 3 annual meeting. The suit challenges FDEU's control share bylaw as violating the Investment Company Act, alleging the incumbent board suppressed votes to block a fair election. This action aims to uphold stockholder rights. Litigation could drag on.
8-K
Fund seeks SEC anti-takeover guidance
Special Opportunities Fund, Inc. sought SEC staff guidance on December 2, 2019, regarding proposed anti-takeover bylaw amendments, including a share ownership limit capping beneficial ownership without board approval, a majority voting requirement for director elections in contests, and a continuing director provision granting exclusive powers to incumbents. These measures aim to deter mergers, tender offers, and proxy fights but raise concerns under the Investment Company Act about shareholder voting rights and board entrenchment. The board awaits the staff's view before acting. No financial impacts disclosed.
8-K
Rights offering for convertible preferred
Special Opportunities Fund announced a rights offering on June 5, 2012, issuing one transferable right per 10 common shares held on June 15, 2012, to buy convertible preferred stock at $50 per share until July 9, 2012. The preferred stock yields 3% annual dividends quarterly and converts to three common shares each, with mandatory retirement at $50 in five years or optional redemption if common NAV hits $20. This bolsters capital while offering stockholders upside conversion potential. Rights trade on NASDAQ; preferred on NYSE.
8-K
SPE seeks SEC proxy voting relief
Special Opportunities Fund, Inc. filed for a SEC declaratory order on December 13, 2011, seeking confirmation that its new proxy voting procedure—approved by 98.57% of shareholders on December 7—won't violate Section 12(d)(1) of the 1940 Act. The procedure lets adviser Brooklyn Capital Management vote proxies of portfolio closed-end funds to reduce NAV discounts, ditching mirror voting for activist alignment. Shareholders back it strongly. Yet SEC staff disagrees on 'seek instructions' interpretation, risking compliance uncertainty.
8-K
SEC control dispute filing
Special Opportunities Fund, Inc. and its adviser Brooklyn Capital Management LLC filed for an SEC declaratory order on December 20, 2010, asserting BCM lacks control over the fund under Section 2(a)(9) of the 1940 Act. This addresses SEC staff concerns over potential common control with BCM-linked private partnerships, which could breach Section 12(d)(1)(F) limits on closed-end fund investments. SPE's board, with four independent directors, holds sole management power; BCM owns no shares. The board directed compliance steps to avoid sales at unfavorable prices. Uncertainty lingers until SEC rules.
IPO
Sector
Industry
EAD
238549
6.79+0.01
EOI
Eaton Vance Enhance Equity Inco
19.76-0.12
EVV
316100
9.89-0.04
FOF
Cohen & Steers Closed-End Oppor
12.97+0.02
GOF
Guggenheim Strategic Opportunit
12.07-0.02
NUV
Nuveen Municipal Value Fund, In
8.97-0.02
OPP
RiverNorth/DoubleLine Strategic
7.82+0.00
PFO
Flaherty & Crumrine Preferred I
9.41-0.04
SABA
43676
8.59-0.03
SBI
Western Asset Intermediate Muni
7.76+0.00