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Special Opportunities Fund, 3.00% Convertible Preferred Stock, Series A
Ticker Symbol: SPE-* CUSIP: Unknown* Exchange: NYSE
* If you know the CUSIP number for this security, please let us know.
* NOTE: This security is no longer trading as of 3/03/2014
Security has been Called for: Monday, March 3, 2014
January 27, 2014 --- Special Opportunities Fund, Inc. (NYSE: SPE today announced that the Fund’s Board of Directors has determined to redeem all outstanding shares of the Fund’s Convertible Preferred Stock on March 3, 2014 at $50 per share. In accordance with the prospectus for the Fund’s Convertible Preferred Stock, no accrued interest will be paid. 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). Holders of shares of Convertible Preferred Stock that do not elect to convert by 5 pm EST on February 28, 2014 will receive $50 in cash per share. Currently, the market price of the Convertible Preferred Stock is significantly higher than $50 per share. Therefore, holders of the Fund’s Convertible Preferred Stock are advised to check the market price of both the Common
Stock and the Convertible Preferred Stock before determining whether to convert their shares into common stock. If, prior to the next Annual Meeting of Stockholders, no shares of Convertible Preferred Stock remain outstanding, then the directors nominated for election by holders of the Convertible Preferred Stock will remain on the Board until the following Annual Meeting of Stockholders and until their successors have been duly elected. Questions please contact: American Stock Transfer (AST)
AST Shareholder Service Unit, 1-877-248-6417 or U.S. Bancorp Fund Services, LLC John Buckel, 1-414-765-4255
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Company's Online Profile
IPO - 6/8/2012 -
Link to IPO Prospectus
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Address and Phone Numbers |
| Address: 615 East Michigan Street, Milwaukee, WI 53202 |
| Main Phone Number |
877-607-0414 |
| Fax Number |
Not Available |
| Investor Contact
Josh Meyers
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877-607-0414
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| Toll Free Phone Number |
877-607-0414 |
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