See more : International Prospect Ventures Ltd. (URANF) Income Statement Analysis – Financial Results
Complete financial analysis of Special Opportunities Fund, Inc. (SPE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Special Opportunities Fund, Inc., a leading company in the Asset Management industry within the Financial Services sector.
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Special Opportunities Fund, Inc. (SPE)
Industry: Asset Management
Sector: Financial Services
About Special Opportunities Fund, Inc.
Special Opportunities Fund, Inc. is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments. It benchmarks the performance of its portfolio against the S&P 500 Index. The fund was previously known as Insured Municipal Income Fund, Inc. Special Opportunities Fund, Inc. was formed on February 18, 1993 and is domiciled in the United States.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.65M | -23.67M | 41.58M | 12.92M | 29.96M | -9.76M | 23.70M | 7.95M | 6.79M | 4.72M | 10.08M | 4.93M | 0.00 |
| Cost of Revenue | -17.88M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 27.53M | -23.67M | 41.58M | 12.92M | 29.96M | -9.76M | 23.70M | 7.95M | 6.79M | 4.72M | 10.08M | 4.93M | 0.00 |
| Gross Profit Ratio | 285.32% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 2.94M | 897.44K | 775.43K | 737.66K | 706.55K | 713.04K | 731.55K | 2.55M | 2.55M | 2.39M | 2.42M | 2.09M | 0.00 |
| Selling & Marketing | 30.91K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 49.21K | 51.90K | 55.18K | 39.93K | 26.61K | 0.00 |
| SG&A | 2.97M | 897.44K | 775.43K | 737.66K | 706.55K | 713.04K | 731.55K | 2.60M | 2.60M | 2.45M | 2.46M | 2.12M | 0.00 |
| Other Expenses | 0.00 | 90.40K | 28.39K | 27.58K | 23.97K | 24.27K | 20.59K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 2.97M | 987.84K | 803.82K | 765.24K | 730.52K | 737.30K | 752.14K | 1.45M | 14.59M | 2.37M | 15.13M | 10.07M | 0.00 |
| Cost & Expenses | 2.97M | 987.84K | 803.82K | 765.24K | 730.52K | 737.30K | 752.14K | 1.45M | 14.59M | 2.37M | 15.13M | 10.07M | 0.00 |
| Interest Income | 2.16M | 535.18K | 331.51K | 376.96K | 633.77K | 562.39K | 398.38K | 4.62M | 896.78K | 5.14M | 2.27M | 791.63K | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | -6.68M | -3.48M | -1.34M | -2.28M | -2.63M | -383.34K | -3.50M | -5.35M | -4.18M | -2.27M | -7.63M | -2.82M | 0.00 |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12.49M | 0.00 |
| EBITDA Ratio | 0.00% | 104.17% | 98.07% | 94.08% | 97.56% | 107.55% | 96.83% | 64.08% | -163.42% | 210.83% | 185.69% | 253.13% | 0.00% |
| Operating Income | 6.68M | -24.66M | 40.78M | 12.16M | 29.23M | -10.50M | 22.95M | 5.35M | 4.18M | 2.27M | 7.63M | 2.82M | 0.00 |
| Operating Income Ratio | 69.22% | 104.17% | 98.07% | 94.08% | 97.56% | 107.55% | 96.83% | 67.32% | 61.66% | 48.13% | 75.65% | 57.08% | 0.00% |
| Total Other Income/Expenses | 19.98M | 0.00 | 39.44M | 9.88M | 26.60M | 0.00 | 19.45M | 5.77M | -11.09M | 9.96M | 19.85M | 12.98M | 0.00 |
| Income Before Tax | 26.66M | -24.66M | 40.78M | 12.16M | 29.23M | -10.50M | 22.95M | 11.12M | -6.91M | 12.23M | 27.48M | 15.80M | 0.00 |
| Income Before Tax Ratio | 276.28% | 104.17% | 98.07% | 94.08% | 97.56% | 107.55% | 96.83% | 139.89% | -101.76% | 258.97% | 272.48% | 320.25% | 0.00% |
| Income Tax Expense | 0.00 | -24.66M | 41.64M | 14.11M | 29.23M | -161.14K | 22.95M | 5.77M | -11.09M | 9.96M | 19.85M | 350.00K | 0.00 |
| Net Income | 26.84M | -24.66M | 40.78M | 12.16M | 29.23M | -10.50M | 22.95M | 10.45M | -6.91M | 12.23M | 26.36M | 14.95M | 0.00 |
| Net Income Ratio | 278.13% | 104.17% | 98.07% | 94.08% | 97.56% | 107.55% | 96.83% | 131.40% | -101.76% | 258.97% | 261.35% | 303.11% | 0.00% |
| EPS | 2.17 | -2.03 | 4.24 | 1.43 | 3.69 | -1.05 | 2.70 | 1.23 | -0.69 | 1.20 | 3.73 | 2.20 | 0.00 |
| EPS Diluted | 2.29 | -2.03 | 4.24 | 1.43 | 3.69 | -1.05 | 2.70 | 1.23 | -0.69 | 1.20 | 3.73 | 2.20 | 0.00 |
| Weighted Avg Shares Out | 11.62M | 12.15M | 9.41M | 7.14M | 7.93M | 10.04M | 7.78M | 8.51M | 10.02M | 10.17M | 7.06M | 6.81M | 6.68M |
| Weighted Avg Shares Out (Dil) | 11.01M | 12.15M | 9.41M | 7.14M | 7.93M | 10.04M | 7.78M | 8.51M | 10.02M | 10.17M | 7.06M | 6.81M | 6.68M |
Special Opportunities Fund Dismisses Lawsuit Against First Trust Dynamic Europe Equity Income Fund After Stockholder Approval of Open-Ending Transaction But Condemns Seating of Incumbent Directors Without Quorum
SADDLE BROOK, N.J.--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) today announced that it has dismissed its lawsuit against the board of directors of First Trust Dynamic Europe Equity Income Fund (NYSE: FDEU) following (1) stockholder approval of a transaction to...
Special Opportunities Fund Reaches Settlement With FAST Acquisition Corp.
SADDLE BROOK, N.J.--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) today announced that it has reached a settlement of a class action lawsuit filed in the Delaware Court of Chancery against FAST Acquisition Corp. regarding the distribution of FAST's net assets....
Special Opportunities Fund Declares Distributions For Fourth Quarter of 2023
NEW YORK--(BUSINESS WIRE)--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 distribution plan, the...
SPE: The Ironic Special Discount, Greater Action Needed
Special Opportunities Fund is a closed-end fund managed by Bulldog Investors known for using activist techniques to unlock value in rival funds. SPE currently trades at an 18% discount to NAV, and more action is needed from management to help...
Special Opportunities Fund, Inc. Dividend Declaration
NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund's Board of Directors has declared a cash dividend of $0.171875 per share on the Fund's 2.75% Convertible Preferred Stock, Series C. The dividend is payable...
SPE And BRW: Investing With The Activists
Closed-end funds offer opportunities for investors to exploit discounts and premiums, with Bulldog Investors and Saba Capital Management being major activists in this space. Both Bulldog and Saba offer publicly traded CEFs that can pool some of their targets into...
Special Opportunities Fund: Opportunistic Investing CEF With Multiple Levels Of Discounts
SPE currently trades at an above average 17.3% discount to NAV. Way above its normal range. SPE has issued a 2.75% convertible preferred for leverage that also currently trades at a significant discount to par value.
SPE CEF: Not For Long-Term Investors
Special Opportunities Fund targets special situations like undervalued companies, distressed assets, discounted closed-end funds, SPACs, etc. that are attractively discounted. SPE generated double-digit yield and has been offering monthly pay-outs since 2019. It also generated strong long-term average annual returns.
SPE: A Discounted Opportunity
SPE regularly trades at a discount, but that discount has been widening significantly. The fund suffered in 2022, as did most equities and bonds, but held up relatively better than the market.
My Income Portfolio - Keep It Simple, Sweetheart
The world seeks complexity, but simplicity often trumps complexity. For my investment goals, I have made the choice to focus mainly on CEFs and ETFs, carefully weighing their merits and drawbacks.
Source: https://incomestatements.info
Category: Stock Reports