Special Opportunities Fund, Inc. Announces Tender Offer
Special Opportunities Fund, Inc. (NYSE: SPE) (the "Fund") today announced that it is offering to purchase up to 1.25 million common shares of the Fund at 97% of the net asset value ("NAV") per common share as determined at the close of the regular trading session of the New York Stock Exchange on the Expiration Date (as defined below). In accordance with the rules of the U.S. Securities and Exchange Commission (the "Commission"), the Fund may purchase additional shares not to exceed 2% of the outstanding shares without amending or extending the tender offer.
The tender offer will expire at 5:00 p.m., Eastern Time, on April 1, 2022 (the "Expiration Date"), unless the tender offer is extended. The tender offer is being made upon the terms and subject to the conditions set forth in the tender offer statement, which will be mailed to stockholders as soon as practicable. A stockholder that holds shares in street name and wishes to accept the tender offer should check with his or her custodian to confirm when it requires notice (which may be prior to the Expiration Date).
This announcement is not a recommendation, an offer to purchase or a solicitation to sell any securities of the Fund. The Fund has filed with the Commission a tender offer statement on Schedule TO under the Securities Exchange Act of 1934, as amended, relating to the tender offer. Common stockholders of the Fund should read the tender offer statement carefully as it contains important information. Stockholders may obtain the tender offer statement and other filed documents without charge at the SEC's website at http://www.sec.gov.
News published on and distributed by:
