BRW - SPE: Activist CEF With High Distributions Set To Grow

2024-06-13 06:59:42 ET

Summary

• SPE Fund is managed by Bulldog Investors and focuses on exploiting pricing inefficiencies in other closed-end funds (CEFs) through activist campaigns.
• The fund offers diversification by investing in various asset classes, including SPACs, fixed income exposures, and different geographies.
• SPE has shown improved performance since last September, with a potential for higher dividends, making it a consideration for investors seeking stable monthly distributions.

SPE Fund Overview

Special Opportunities Fund ( SPE ) is a closed-end fund managed by Bulldog Investors . It is predominantly a fund of funds, giving you exposure to Bulldog Investors using strategies to exploit inefficiencies in pricing of other closed end funds – CEFs. Using activist campaigns on other CEFs trading at excessive discounts to their NAV is one such key strategy of theirs.

Their portfolio achieves plenty of diversification as it invests in other asset classes such as Special Purpose Acquisition Companies (SPACs). Then add to that the diversification that is gained because the CEFs they hold also own fixed income exposures and investments in different geographies....

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