Form 4: Special Opportunities Fund Director Phillip Goldstein Reports Securities Transactions

Phillip Goldstein, a director and officer of Special Opportunities Fund, Inc., reports the acquisition and disposal of securities, including convertible preferred stock and common stock.

Summary

• Phillip Goldstein, Chairman and Secretary of Special Opportunities Fund, Inc. (SPE), filed a Form 4 detailing changes in beneficial ownership.
• On October 15, 2024, Goldstein acquired 618 shares of 2.75% Convertible Preferred Stock, Series C at $0 per share.
• These preferred shares are immediately convertible into common stock at a ratio of 1.4375 shares of common stock per preferred share.
• Goldstein also disposed of 888 shares of common stock at $23.5 per share.
• Following these transactions, Goldstein directly owns 3,120 shares of common stock.
• The preferred stock will be redeemed by the issuer if not converted before January 21, 2027.
• Goldstein directly owns 31,822 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing securities transactions by a company insider. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The preferred stock will be redeemed by the Issuer if not converted prior to January 21, 2027.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their trading activities.

Stakeholder Impact

• The transactions may provide insights to shareholders regarding management's view of the company's prospects.

Key Dates