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As a tool to evaluate candidates for a long-term CEF portfolio, I formulated a simple “rule of thumb” based on the interactions among NAV performance, discount/premium on NAV, and leverage. For a safe CEF investment, this rule of thumb suggests first choosing CEFs with a...
SPE is an exciting investment option for investors who want to invest alongside Bulldog Investors. Bulldog Investors took a more aggressive activist approach with this fund, taking over complete control in 2009. Since taking over the fund, they have constructed one of the oddest p...
A reliable selection criterion for building a portfolio of funds that are likely to produce above-average returns over the long haul is the goal of every CEF investor. For me, the flexible combination of a positive NAV since inception, discount on NAV, and leverage represents a practi...
Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund’s Board of Directors (the “Board”) has declared the next three monthly dividends under the Fund’s managed distribution plan. Under the Fund’s mana...
August was quite the busy month for my closed-end fund portfolio, though 4 of the additions came about as swaps for better valued funds. DLY was a recent fund I covered, and is one that I swapped out from PKO, but I also added additional capital. I sold out two funds in August but...
With broad market indexes and income sectors like REITs and utilities hovering near all-time highs, the yields for many equity income investments are noticeably lower now than in the past. This note briefly discusses the income challenge facing investors and how allocations to midstre...
Now that the convertible preferred is all taken care of, we have a bit more clarity on the valuation of the fund. The latest pricing and NAV updates give us an estimated discount of 7.30%, which is quite appealing. This fund is a unique CEF that can add a bit of diversification to...
Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund’s Board of Directors (the “Board”) has declared the next three monthly dividends under the Fund’s managed distribution plan. Under the Fund’s mana...
As previously announced, the Board of Directors (the “Board”) of Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”), in accordance with the “Optional Redemption” provision of the prospectus for the Fund’s Convertible Preferred Stoc...
SPE recently issued a press release with a lot of information involved. We will break all this information down to explain what is going on with SPE. This fund remains a unique and interesting investment that is worth exploring. For further details see: SPE: Latest Annou...
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Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund’s Board of Directors (the “Board”) has declared the next three monthly distributions under the Fund’s managed distribution plan. Under the Fund’s managed di...
Special Opportunities Fund, Inc. (the “Fund”) (NYSE: SPE) announced today that, at the annual meeting of stockholders of BNY Mellon Municipal Income (NYSE: DMF) held on June 12, 2024, (1) Phillip Goldstein, Andrew Dakos and Moritz Sell were elected as Class I Directors, (2) a non-bi...
2024-06-03 03:26:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...