Preferred Stock Channel
Special Opportunities Fund Inc | 2.75% Convertible Prfd Series C due 01/21/2027 (SPE.PRC)

Prospectus excerpt:  We are distributing at no charge to holders of our common stock as of December 20, 2021 (the “Record Date”) transferable rights to purchase up to an aggregate of 2,542,593 shares of 2.75% convertible preferred stock, Series C, par value $0.001 per share (“Convertible Preferred Stock”).  The shares of Convertible Preferred Stock will be convertible into shares of our common stock at a conversion rate equivalent to a conversion price of $20.50 per share of common stock (which is a ratio of 1.2195 shares of common stock for each share of Convertible Preferred Stock held), subject to adjustment upon the occurrence of certain events.  We expect the total purchase price of Convertible Preferred Stock in this rights offering to be $63,564,825 assuming full participation.

Full Prospectus PDF », Secondary Prospectus PDF », SPE Page »

Series:C
Alternate symbology:SPE-C, SPE-PC, SPEprC
Redeemable?:Yes
Call Date:1/21/2024 (Now Trading Post Call Date)
Maturity Date:1/21/2027
Cumulative?:Yes
Conversion Ratio:1.2195
Conversion Price:$20.50
Shares Offered:2,542,593
Liquidation Preference:$25.00
Recent Market Price:$23.60
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-1.40 (-5.60%)
Annualized Dividend:0.6875
Recent Ex-Date:3/18/2024
Current Yield:2.91%
Original Coupon:2.75%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating: Learn SPE.PRC's Rating
Special Opportunities Fund is registered as a closed-end diversified management investment company. The Fund's investment objective is to achieve total return..

Preferreds: SPE.PR, SPE.PRC


Open the SPE Information Page »
Name:  Special Opportunities Fund Inc
Website:  www.specialopportunitiesfundinc.com
Sector:  Investment Companies & Venture Capital

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