Scotia Capital Inc. Grows Stake in Special Opportunities Fund, Inc. $SPE

Scotia Capital Inc. raised its stake in shares of Special Opportunities Fund, Inc. (NYSE:SPE) by 6.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,746 shares of the closed-end fund’s stock after purchasing an additional 6,531 shares during the period. Scotia Capital Inc. owned 0.95% of Special Opportunities Fund worth $1,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of SPE. Envestnet Asset Management Inc. bought a new position in shares of Special Opportunities Fund during the 1st quarter valued at approximately $363,000. Advisors Asset Management Inc. bought a new stake in shares of Special Opportunities Fund in the 1st quarter worth about $1,681,000. Cetera Investment Advisers purchased a new position in shares of Special Opportunities Fund during the 1st quarter worth about $293,000. Shaker Financial Services LLC grew its holdings in Special Opportunities Fund by 246.0% during the 2nd quarter. Shaker Financial Services LLC now owns 266,728 shares of the closed-end fund’s stock valued at $4,132,000 after purchasing an additional 189,630 shares during the last quarter. Finally, K2 Principal Fund L.P. grew its holdings in Special Opportunities Fund by 18.8% during the 1st quarter. K2 Principal Fund L.P. now owns 11,878 shares of the closed-end fund’s stock valued at $178,000 after purchasing an additional 1,878 shares during the last quarter. 35.60% of the stock is owned by institutional investors.

Special Opportunities Fund Price Performance

Shares of NYSE SPE opened at $15.36 on Tuesday. Special Opportunities Fund, Inc. has a 1 year low of $12.72 and a 1 year high of $15.98. The firm has a 50-day simple moving average of $15.32 and a two-hundred day simple moving average of $15.38.

Special Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.1098 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend is Tuesday, December 16th.

About Special Opportunities Fund

Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.