Special Opportunities Fund, Inc. Announces Dividend Declaration, Redemption of Convertible Preferred Stock, Increased Dividend, and Rights Offering
NEW YORK–(BUSINESS WIRE)–Special Opportunities Fund, Inc. (NYSE: SPE) (the Fund) today announced that the Funds Board of Directors (the Board) has declared a quarterly cash dividend of $0.21875 per share on the Funds 3.50% Convertible Preferred Stock, Series B (the Convertible Preferred). The dividend is payable on June 30, 2021 to holders of record as of June 21, 2021.
The Fund also announced that the Board has determined, in accordance with the Optional Redemption provision of the prospectus…
