Special Opportunities Fund Inc. : Special Opportunities Fund, Inc. Announces Supplemental Information to be Made Available on its Website New York - January 27, 2014
January 29, 2014 at 12:39 pm
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Special Opportunities Fund, Inc. Announces Supplemental
Information to be Made Available on its Website
January 29, 2014
On January 27, 2014, Special Opportunities Fund, Inc. (NYSE: SPE) (the "Fund") announced that all outstanding shares of the Fund's convertible preferred stock will be redeemed at 5 pm EST on March 3, 2014 at $50 per share and that holders of the Fund's convertible preferred stock may, until 5 pm EST on February 28, 2014, convert their shares into shares of common stock at a ratio of 3.7160 common shares for each share of convertible preferred stock (with cash in lieu of any fractional shares of common stock).
As of January 24, 2014, the Fund had 7,451,042 shares of common stock and 734,847 shares of convertible preferred stock outstanding. Until all the outstanding shares of convertible stock are redeemed, the Fund intends to post the number of shares of common stock and convertible preferred stock outstanding at the end of each week on its website (http://www.specialopportunitiesfundinc.com) as soon as the information is available.
U.S. Bancorp Fund Services, LLC John Buckel, 1-414-765-4255
Special Opportunities Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is total return. The Fund invests primarily in securities, which have the opportunity for appreciation. The Fund may employ strategies designed to capture price movements generated by anticipated corporate events, such as investing in companies involved in special situations, including, but not limited to, mergers, acquisitions, asset sales, spin-offs, balance sheet restructuring, bankruptcy, liquidations, and tender offers. The Fund may, from time to time, engage in short sales of securities for investment or for hedging purposes. The Fund invests in closed-end funds, business development companies, preferred stocks, other common stocks, special purpose acquisition vehicles, corporate obligations, money market funds, warrants and rights, among others. Bulldog Investors, LLP is the investment adviser of the Fund.
Special Opportunities Fund Inc. : Special Opportunities Fund, Inc. Announces Supplemental Information to be Made Available on its Website New York - January 27, 2014
SPECIAL OPPORTUNITIES FUND, INC. 
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