- SPE gives investors access to a broad equity portfolio with two layers of NAV discounts. Additionally, activism and SPAC investments add optionality.
- SPE's management has been buying shares on the open market in recent months. They already have more skin in the game than most CEF management teams.
- Unfortunately, SPE's complex strategy might cause it to trade at a constant discount.
- However, the growth of the underlying portfolio and steady distributions make it a good income investment at the right price.
For further details see:
Special Opportunities Fund Adds Optionality To Income Portfolio