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Name | Symbol | Market | Type |
---|---|---|---|
Special Opportunities Fund Inc | NYSE:SPE-B | NYSE | Preference Share |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 29.28 | 0 | 01:00:00 |
Net asset value returns
|
1 year
|
5 years
|
10 years
|
|
Special Opportunities Fund, Inc.
|
14.09%
|
10.27%
|
8.89%
|
|
Market price returns
|
||||
Special Opportunities Fund, Inc.
|
23.62%
|
12.87%
|
10.21%
|
|
Index returns
|
||||
S&P 500® Index
|
28.71%
|
18.47%
|
16.55%
|
|
Share price as of 12/31/2021
|
||||
Net asset value
|
$16.55
|
|||
Market price
|
$15.45
|
Value
|
Percent
|
|||||||
Investment Companies
|
$
|
104,640,572
|
49.73
|
%
|
||||
Special Purpose Acquisition Vehicles
|
54,456,876
|
25.88
|
||||||
Other Common Stocks
|
16,234,684
|
7.72
|
||||||
Money Market Funds
|
13,960,716
|
6.64
|
||||||
Preferred Stocks
|
12,339,304
|
5.86
|
||||||
Corporate Obligations
|
3,631,998
|
1.73
|
||||||
Warrants
|
1,322,406
|
0.63
|
||||||
Trust Certificates
|
70,568
|
0.03
|
||||||
Rights
|
56,948
|
0.03
|
||||||
Total Investments
|
$
|
206,714,072
|
98.25
|
%
|
||||
Other Assets in Excess of Liabilities
|
3,679,460
|
1.75
|
||||||
Total Net Assets
|
$
|
210,393,532
|
100.00
|
%
|
||||
(1) As a percentage of net assets.
|
% of
|
||||
Country
|
Net Assets
|
|||
United States
|
94.92
|
%
|
||
Ireland
|
1.73
|
|||
Cayman Islands
|
0.59
|
|||
United Kingdom
|
0.54
|
|||
Hong Kong
|
0.32
|
|||
Bermuda
|
0.14
|
|||
Denmark
|
0.01
|
|||
98.25
|
%
|
|||
Other Assets in Excess of Liabilities
|
1.75
|
|||
100.00
|
%
|
Shares
|
Value
|
|||||||
INVESTMENT COMPANIES—49.73%
|
||||||||
Closed-End Funds—44.15%
|
||||||||
Aberdeen Japan Equity Fund, Inc.
|
114,992
|
$
|
934,885
|
|||||
Adams Diversified Equity Fund, Inc.
|
114,900
|
2,230,209
|
||||||
Apollo Tactical Income Fund, Inc.
|
18,695
|
286,407
|
||||||
ASA Gold and Precious Metals Ltd. (f)
|
13,645
|
287,773
|
||||||
Boulder Growth & Income Fund, Inc.
|
846,913
|
12,034,634
|
||||||
Center Coast Brookfield MLP & Energy Infrastructure Fund
|
26,045
|
352,649
|
||||||
Central and Eastern Europe Fund, Inc.
|
24,694
|
651,675
|
||||||
Central Securities Corp.
|
278,407
|
12,411,384
|
||||||
Cushing MLP & Infrastructure Total Return Fund
|
65,450
|
1,996,225
|
||||||
Delaware Enhanced Global Dividend & Income Fund
|
95,529
|
969,619
|
||||||
Delaware Investments Colorado Municipal Income Fund, Inc.
|
13,729
|
195,638
|
||||||
Delaware Investments Minnesota Municipal Income Fund II, Inc.
|
142,869
|
2,015,882
|
||||||
Delaware Investments National Municipal Income Fund
|
300
|
4,236
|
||||||
Dividend and Income Fund
|
350,673
|
5,105,273
|
||||||
First Trust Dynamic Europe Equity Income Fund
|
10,000
|
132,800
|
||||||
General American Investors Co., Inc.
|
287,778
|
12,719,788
|
||||||
High Income Securities Fund
|
300,200
|
2,596,730
|
||||||
Highland Global Allocation Fund
|
145,823
|
1,322,615
|
||||||
Highland Income Fund
|
387,178
|
4,255,086
|
||||||
Japan Smaller Capitalization Fund, Inc.
|
143,972
|
1,133,060
|
||||||
Liberty All Star Equity Fund
|
256,500
|
2,149,470
|
||||||
Mexico Equity & Income Fund, Inc. (a)
|
100,100
|
892,892
|
||||||
Miller/Howard High Dividend Fund
|
52,789
|
544,782
|
||||||
Morgan Stanley Emerging Markets Debt Fund, Inc.
|
370,850
|
3,341,358
|
||||||
PGIM Global High Yield Fund, Inc.
|
68,996
|
1,041,150
|
||||||
RiverNorth Opportunities Fund, Inc.
|
103,381
|
1,648,927
|
||||||
Royce Micro-Cap Trust, Inc.
|
43,298
|
500,092
|
||||||
Saba Capital Income & Opportunities Fund
|
647,033
|
2,924,589
|
||||||
Salient Midstream & MLP Fund
|
15,220
|
102,583
|
||||||
Taiwan Fund, Inc.
|
204,099
|
7,667,999
|
||||||
The New Ireland Fund, Inc.
|
77,906
|
869,431
|
||||||
The Swiss Helvetia Fund, Inc.
|
236,992
|
2,355,700
|
||||||
Tortoise Energy Independence Fund, Inc.
|
55,315
|
1,224,685
|
||||||
Tortoise Power and Energy Infrastructure Fund, Inc.
|
208,356
|
2,837,809
|
||||||
Vertical Capital Income Fund
|
310,486
|
3,166,957
|
||||||
92,904,992
|
Shares
|
Value
|
|||||||
INVESTMENT COMPANIES—(continued)
|
||||||||
Business Development Companies—5.58%
|
||||||||
CION Investment Corp.
|
77,738
|
$
|
1,016,036
|
|||||
Crescent Capital BDC, Inc.
|
25,000
|
440,000
|
||||||
FS KKR Capital Corp.
|
153,274
|
3,209,558
|
||||||
PennantPark Investment Corp.
|
27,600
|
191,268
|
||||||
Portman Ridge Finance Corp.
|
45,670
|
1,130,789
|
||||||
SuRo Capital Corp.
|
443,856
|
5,747,929
|
||||||
11,735,580
|
||||||||
Total Investment Companies (Cost $84,020,848)
|
104,640,572
|
|||||||
TRUST CERTIFICATES—0.03%
|
||||||||
Lamington Road Grantor Trust (a)(c)(f)
|
320,690
|
70,568
|
||||||
Total Trust Certificates (Cost $92,870)
|
70,568
|
|||||||
PREFERRED STOCKS—5.86%
|
||||||||
Capital Markets—0.35%
|
||||||||
B. Riley Financial, Inc., 6.375%
|
28,000
|
735,000
|
||||||
Electrical Equipment—1.00%
|
||||||||
Babcock & Wilcox Enterprises, Inc., 8.125%
|
80,000
|
2,104,000
|
||||||
Entertainment—0.52%
|
||||||||
Chicken Soup For The Soul Entertainment, Inc., 9.500%
|
43,270
|
1,103,385
|
||||||
Internet & Direct Marketing Retail—0.50%
|
||||||||
iMedia Brands, Inc., 8.500%
|
50,000
|
1,060,000
|
||||||
Real Estate Investment Trusts—3.49%
|
||||||||
Brookfield DTLA Fund Office Trust Investor, Inc.—Series A, 7.625%
|
171,723
|
2,266,743
|
||||||
NexPoint Diversified Real Estate Trust—Series A, 5.500%
|
22,324
|
472,376
|
||||||
Sachem Capital Corp., 7.125%
|
60,000
|
1,507,800
|
||||||
Sachem Capital Corp., 7.750%
|
120,000
|
3,090,000
|
||||||
7,336,919
|
||||||||
Total Preferred Stocks (Cost $14,425,332)
|
12,339,304
|
|||||||
OTHER COMMON STOCKS—7.72%
|
||||||||
Food & Staples Retailing—0.50%
|
||||||||
Village Super Market, Inc.
|
44,607
|
1,043,358
|
Shares
|
Value
|
|||||||
OTHER COMMON STOCKS—(continued)
|
||||||||
Insurance—0.02%
|
||||||||
Syncora Holdings Ltd. (f)
|
300,000
|
$
|
51,000
|
|||||
Oil, Gas & Consumable Fuels—1.60%
|
||||||||
Texas Pacific Land Corp.
|
2,700
|
3,371,949
|
||||||
Real Estate Investment Trusts—4.76%
|
||||||||
Indus Realty Trust, Inc.
|
72,874
|
5,907,166
|
||||||
Monmouth Real Estate Investment Corp.—Class A
|
60,000
|
1,260,600
|
||||||
Seven Hills Realty Trust
|
274,093
|
2,845,085
|
||||||
10,012,851
|
||||||||
Real Estate Management & Development—0.75%
|
||||||||
Howard Hughes Corp. (a)
|
12,000
|
1,221,360
|
||||||
Trinity Place Holdings, Inc. (a)
|
190,851
|
351,166
|
||||||
1,572,526
|
||||||||
Software—0.09%
|
||||||||
Synchronoss Technologies, Inc. (a)
|
75,000
|
183,000
|
||||||
Total Other Common Stocks (Cost $16,323,983)
|
16,234,684
|
|||||||
Shares/Units
|
||||||||
SPECIAL PURPOSE ACQUISITION VEHICLES—25.88% (a)
|
||||||||
ABG Acquisition Corp. I (f)
|
15,000
|
146,700
|
||||||
AltC Acquisition Corp.
|
100,000
|
985,000
|
||||||
Arbor Rapha Capital Bioholdings Corp. I Units
|
92,800
|
941,920
|
||||||
Ares Acquisition Corp. (f)
|
100,000
|
974,000
|
||||||
Austerlitz Acquisition Corp. I (f)
|
50,000
|
485,500
|
||||||
Austerlitz Acquisition Corp. II (f)
|
100,000
|
972,000
|
||||||
B Riley Principal 150 Merger Corp.
|
26,400
|
267,168
|
||||||
B Riley Principal 250 Merger Corp.
|
99,999
|
973,990
|
||||||
Big Sky Growth Partners, Inc. Units
|
111,780
|
1,094,326
|
||||||
Blockchain Coinvestors Acquisition Corp. I Units (f)
|
65,000
|
657,150
|
||||||
Bridgetown 2 Holdings Ltd. (f)
|
64,738
|
641,554
|
||||||
Cactus Acquisition Corp 1 Ltd. Units (f)
|
81,400
|
822,140
|
||||||
CC Neuberger Principal Holdings II (f)
|
104,700
|
1,036,530
|
||||||
CF Acquisition Corp. VIII
|
34,000
|
339,320
|
||||||
Churchill Capital Corp. V
|
105,728
|
1,040,364
|
Shares/Units
|
Value
|
|||||||
SPECIAL PURPOSE ACQUISITION VEHICLES—(continued)
|
||||||||
Churchill Capital Corp. VI
|
81,000
|
$
|
792,180
|
|||||
Churchill Capital Corp. VII
|
124,920
|
1,227,964
|
||||||
Colombier Acquisition Corp. Units
|
100,000
|
981,000
|
||||||
Corner Growth Acquisition Corp. (f)
|
99,999
|
979,990
|
||||||
Corner Growth Acquisition Corp. 2 Units (f)
|
39,800
|
398,796
|
||||||
Digital Health Acquisition Corp. Units
|
116,000
|
1,187,910
|
||||||
DTRT Health Acquisition Corp. Units
|
76,250
|
767,837
|
||||||
EdtechX Holdings Acquisition Corp. II
|
111,000
|
1,111,110
|
||||||
FAST Acquisition Corp. II
|
128,348
|
1,247,543
|
||||||
FinTech Acquisition Corp. VI
|
100,000
|
980,000
|
||||||
Fortress Value Acquisition Corp. IV
|
53,000
|
516,750
|
||||||
Forum Merger IV Corp.
|
96,900
|
943,806
|
||||||
FTAC Hera Acquisition Corp. (f)
|
142,000
|
1,387,340
|
||||||
Fusion Acquisition Corp. II
|
139,998
|
1,357,981
|
||||||
G Squared Ascend II, Inc. (f)
|
67,998
|
659,581
|
||||||
GigInternational1, Inc.
|
141,812
|
1,408,193
|
||||||
GO Acquisition Corp.
|
150,999
|
1,485,830
|
||||||
Gores Guggenheim, Inc.
|
26,680
|
312,156
|
||||||
Graf Acquisition Corp. IV Units
|
100,000
|
990,000
|
||||||
GX Acquisition Corp. II
|
150,000
|
1,453,995
|
||||||
Haymaker Acquisition Corp. III
|
106,084
|
1,039,623
|
||||||
Healthcare Services Acquisition Corp. Units
|
100,000
|
994,000
|
||||||
Ibere Pharmaceuticals Units (f)
|
15,000
|
150,300
|
||||||
Industrial Human Capital, Inc.
|
111,300
|
1,104,096
|
||||||
Insight Acquisition Corp. Units
|
24,900
|
248,751
|
||||||
Jack Creek Investment Corp. (f)
|
81,378
|
794,249
|
||||||
KKR Acquisition Holdings I Corp.
|
100,000
|
974,000
|
||||||
Landcadia Holdings IV, Inc.
|
100,000
|
973,000
|
||||||
Larkspur Health Acquisition Corp. Units
|
87,000
|
871,740
|
||||||
Leo Holdings Corp. II Units (f)
|
49,235
|
481,518
|
||||||
Live Oak Crestview Climate Acquisition Corp. Units
|
1,621
|
16,534
|
||||||
M3-Brigade Acquisition II Corp.
|
57,750
|
572,302
|
||||||
M3-Brigade Acquisition III Corp. Units
|
110,000
|
1,102,200
|
||||||
Macondray Capital Acquisition Corp. I Units (f)
|
66,586
|
664,528
|
||||||
Marlin Technology Corp. (f)
|
17,199
|
167,862
|
Shares/Units
|
Value
|
|||||||
SPECIAL PURPOSE ACQUISITION VEHICLES—(continued)
|
||||||||
Newcourt Acquisition Corp. Units (f)
|
135,035
|
$
|
1,366,554
|
|||||
Northern Star Investment Corp. III
|
106,998
|
1,043,231
|
||||||
Oxbridge Acquisition Corp. (f)
|
50,000
|
493,500
|
||||||
Periphas Capital Partnering Corp. Units
|
2,980
|
73,576
|
||||||
PWP Forward Acquisition Corp. I
|
50,000
|
485,000
|
||||||
SilverBox Engaged Merger Corp. I
|
56,448
|
572,947
|
||||||
Social Capital Suvretta Holdings Corp. I (f)
|
50,000
|
496,500
|
||||||
Social Capital Suvretta Holdings Corp. II (f)
|
50,000
|
494,500
|
||||||
Social Capital Suvretta Holdings Corp. III (f)
|
50,000
|
495,000
|
||||||
Social Capital Suvretta Holdings Corp. IV (f)
|
50,000
|
491,000
|
||||||
Software Acquisition Group, Inc. III Units
|
110,700
|
1,118,070
|
||||||
Spartan Acquisition Corp. III
|
75,016
|
740,408
|
||||||
Tailwind Two Acquisition Corp. (f)
|
51,249
|
506,853
|
||||||
Tekkorp Digital Acquisition Corp. (f)
|
33,200
|
329,676
|
||||||
TG Venture Acquisition Corp.
|
100,000
|
981,900
|
||||||
Tishman Speyer Innovation Corp. II Units
|
93,530
|
921,271
|
||||||
Yellowstone Acquisition Co.
|
140,020
|
1,424,003
|
||||||
Z-Work Acquisition Corp.
|
72,000
|
700,560
|
||||||
Total Special Purpose Acquisition Vehicles (Cost $53,986,266)
|
54,456,876
|
|||||||
Principal
|
||||||||
Amount
|
||||||||
CORPORATE OBLIGATIONS—1.73%
|
||||||||
Lamington Road DAC (b)(c)(f)
|
||||||||
5.000%, 04/07/2121
|
$
|
3,372,705
|
2,427,774
|
|||||
9.750%, 04/07/2121
|
1,708,119
|
1,204,224
|
||||||
Total Corporate Obligations (Cost $4,795,398)
|
3,631,998
|
|||||||
Shares
|
||||||||
WARRANTS—0.63% (a)
|
||||||||
AdTheorent Holding Co., Inc.
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50
|
21,633
|
14,710
|
||||||
Agba Acquisition Ltd.
|
||||||||
Expiration: May 2024
|
||||||||
Exercise Price: $11.50 (f)
|
51,750
|
11,318
|
Shares
|
Value
|
|||||||
WARRANTS—(continued)
|
||||||||
Alberton Acquisition Corp.
|
||||||||
Expiration: November 2023
|
||||||||
Exercise Price: $11.50 (f)
|
36,300
|
$
|
6,534
|
|||||
Archer Aviation, Inc.
|
||||||||
Expiration: September 2026
|
||||||||
Exercise Price: $11.50
|
23,333
|
27,066
|
||||||
Ares Acquisition Corp.
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50 (f)
|
20,000
|
17,822
|
||||||
Authentic Equity Acquisition Corp.
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50 (f)
|
54,000
|
29,138
|
||||||
B Riley Principal 150 Merger Corp.
|
||||||||
Expiration: March 2028
|
||||||||
Exercise Price: $11.50
|
8,515
|
12,347
|
||||||
B Riley Principal 250 Merger Corp.
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50
|
33,333
|
26,666
|
||||||
BigBear.ai Holdings, Inc.
|
||||||||
Expiration: December 2028
|
||||||||
Exercise Price: $11.50
|
20,333
|
16,470
|
||||||
CC Neuberger Principal Holdings II
|
||||||||
Expiration: July 2025
|
||||||||
Exercise Price: $11.50 (f)
|
26,175
|
35,598
|
||||||
CF Acquisition Corp. VIII
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50
|
8,500
|
7,056
|
||||||
Churchill Capital Corp. V
|
||||||||
Expiration: October 2027
|
||||||||
Exercise Price: $11.50
|
26,432
|
25,906
|
||||||
Churchill Capital Corp. VI
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50
|
16,200
|
16,605
|
||||||
Churchill Capital Corp. VII
|
||||||||
Expiration: February 2028
|
||||||||
Exercise Price: $11.50
|
24,984
|
24,987
|
||||||
CompoSecure, Inc.
|
||||||||
Expiration: October 2025
|
||||||||
Exercise Price: $11.50
|
9,500
|
14,535
|
Shares
|
Value
|
|||||||
WARRANTS—(continued)
|
||||||||
Corner Growth Acquisition Corp.
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50 (f)
|
33,333
|
$
|
22,996
|
|||||
Dune Acquisition Corp.
|
||||||||
Expiration: October 2027
|
||||||||
Exercise Price: $11.50
|
19,300
|
9,457
|
||||||
EdtechX Holdings Acquisition Corp. II
|
||||||||
Expiration: June 2027
|
||||||||
Exercise Price: $11.50
|
55,500
|
27,417
|
||||||
FAST Acquisition Corp. II
|
||||||||
Expiration: March 2026
|
||||||||
Exercise Price: $11.50
|
32,087
|
27,916
|
||||||
FinTech Acquisition Corp. VI
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50
|
25,000
|
24,250
|
||||||
Fortress Value Acquisition Corp. IV
|
||||||||
Expiration: March 2028
|
||||||||
Exercise Price: $11.50
|
6,625
|
5,565
|
||||||
Forum Merger IV Corp.
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50
|
24,225
|
19,867
|
||||||
FTAC Hera Acquisition Corp.
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50 (f)
|
35,500
|
33,704
|
||||||
Fusion Acquisition Corp. II
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50
|
46,666
|
28,000
|
||||||
G Squared Ascend II, Inc.
|
||||||||
Expiration: December 2026
|
||||||||
Exercise Price: $11.50 (f)
|
22,666
|
13,597
|
||||||
GigInternational1, Inc.
|
||||||||
Expiration: December 2028
|
||||||||
Exercise Price: $11.50
|
70,906
|
41,097
|
||||||
GO Acquisition Corp.
|
||||||||
Expiration: August 2027
|
||||||||
Exercise Price: $11.50
|
50,333
|
33,220
|
||||||
Gores Guggenheim, Inc.
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50
|
10,000
|
38,399
|
Shares
|
Value
|
|||||||
WARRANTS—(continued)
|
||||||||
GX Acquisition Corp. II
|
||||||||
Expiration: December 2028
|
||||||||
Exercise Price: $11.50
|
50,000
|
$
|
26,248
|
|||||
Haymaker Acquisition Corp. III
|
||||||||
Expiration: February 2027
|
||||||||
Exercise Price: $11.50
|
26,521
|
19,095
|
||||||
IG Acquisition Corp.
|
||||||||
Expiration: October 2027
|
||||||||
Exercise Price: $11.50
|
88,173
|
70,106
|
||||||
Industrial Human Capital, Inc.
|
||||||||
Expiration: December 2028
|
||||||||
Exercise Price: $11.50
|
111,300
|
42,294
|
||||||
Jack Creek Investment Corp.
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50 (f)
|
40,689
|
21,964
|
||||||
KKR Acquisition Holdings I Corp.
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50
|
25,000
|
24,965
|
||||||
Lamington Road
|
||||||||
Expiration: July 2025
|
||||||||
Exercise Price: $0.20 (c)(e)(f)
|
640,000
|
0
|
||||||
Landcadia Holdings IV, Inc.
|
||||||||
Expiration: December 2028
|
||||||||
Exercise Price: $11.50
|
25,000
|
25,250
|
||||||
Lionheart Acquisition Corp. II
|
||||||||
Expiration: February 2026
|
||||||||
Exercise Price: $11.50
|
25,297
|
13,660
|
||||||
Longview Acquisition Corp. II
|
||||||||
Expiration: May 2026
|
||||||||
Exercise Price: $11.50
|
8,908
|
7,571
|
||||||
M3-Brigade Acquisition II Corp.
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50
|
19,250
|
22,330
|
||||||
Marlin Technology Corp.
|
||||||||
Expiration: March 2026
|
||||||||
Exercise Price: $11.50 (f)
|
5,733
|
3,955
|
||||||
Northern Star Investment Corp. III
|
||||||||
Expiration: February 2028
|
||||||||
Exercise Price: $11.50
|
17,833
|
15,695
|
Shares
|
Value
|
|||||||
WARRANTS—(continued)
|
||||||||
Northern Star Investment Corp. IV
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50
|
8,833
|
$
|
7,596
|
|||||
Oaktree Acquisition Corp. II
|
||||||||
Expiration: September 2027
|
||||||||
Exercise Price: $11.50 (f)
|
25,000
|
26,503
|
||||||
Oncology Institute, Inc.
|
||||||||
Expiration: June 2026
|
||||||||
Exercise Price: $11.50
|
52,595
|
36,301
|
||||||
Oxbridge Acquisition Corp.
|
||||||||
Expiration: January 2023
|
||||||||
Exercise Price: $11.50 (f)
|
50,000
|
20,240
|
||||||
PWP Forward Acquisition Corp. I
|
||||||||
Expiration: March 2026
|
||||||||
Exercise Price: $11.50
|
10,000
|
8,000
|
||||||
Quantum FinTech Acquisition Corp.
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50
|
76,000
|
38,760
|
||||||
Shapeways Holdings, Inc.
|
||||||||
Expiration: October 2026
|
||||||||
Exercise Price: $11.50
|
100,000
|
51,200
|
||||||
Signa Sports United NV
|
||||||||
Expiration: July 2023
|
||||||||
Exercise Price: $11.50 (f)
|
29,000
|
24,937
|
||||||
SilverBox Engaged Merger Corp. I
|
||||||||
Expiration: December 2027
|
||||||||
Exercise Price: $11.50
|
18,816
|
26,346
|
||||||
Spartan Acquisition Corp. III
|
||||||||
Expiration: February 2026
|
||||||||
Exercise Price: $11.50
|
18,754
|
27,006
|
||||||
Tailwind Two Acquisition Corp.
|
||||||||
Expiration: March 2028
|
||||||||
Exercise Price: $11.50 (f)
|
17,083
|
14,459
|
||||||
TG Venture Acquisition Corp.
|
||||||||
Expiration: August 2023
|
||||||||
Exercise Price: $11.50
|
100,000
|
42,990
|
||||||
Yellowstone Acquisition Co.
|
||||||||
Expiration: October 2025
|
||||||||
Exercise Price: $11.50
|
95,010
|
77,927
|
Shares
|
Value
|
|||||||
WARRANTS—(continued)
|
||||||||
Z-Work Acquisition Corp.
|
||||||||
Expiration: January 2026
|
||||||||
Exercise Price: $11.50
|
24,000
|
$
|
14,765
|
|||||
Total Warrants (Cost $1,629,093)
|
1,322,406
|
|||||||
RIGHTS—0.03% (a)
|
||||||||
Agba Acquisition Ltd. (f)
|
12,500
|
2,087
|
||||||
Alberton Acquisition Corp. (Expiration: April 26, 2022) (f)
|
70,000
|
24,808
|
||||||
Nocturne Acquisition Corp. (f)
|
75,000
|
30,053
|
||||||
Total Rights (Cost $43,951)
|
56,948
|
|||||||
MONEY MARKET FUNDS—6.64%
|
||||||||
Fidelity Institutional Government Portfolio—Class I, 0.010% (d)
|
6,980,358
|
6,980,358
|
||||||
Invesco Treasury Portfolio—Institutional Class, 0.010% (d)
|
6,980,358
|
6,980,358
|
||||||
Total Money Market Funds (Cost $13,960,716)
|
13,960,716
|
|||||||
Total Investments (Cost $189,278,457)—98.25%
|
206,714,072
|
|||||||
Other Assets in Excess of Liabilities—1.75%
|
3,679,460
|
|||||||
TOTAL NET ASSETS—100.00%
|
$
|
210,393,532
|
(a)
|
Non-income producing security.
|
(b)
|
The coupon rate shown represents the rate at December 31, 2021.
|
(c)
|
Fair valued securities. The total market value of these securities was $3,702,566, representing 1.76% of net assets. Value determined using significant unobservable inputs.
|
(d)
|
The rate shown represents the seven-day yield at December 31, 2021.
|
(e)
|
Illiquid securities. The total market value of these securities was $0, representing 0.00% of net assets.
|
(f)
|
Foreign-issued security.
|
Assets:
|
||||
Investments, at value (Cost $189,278,457)
|
$
|
206,714,072
|
||
Cash
|
16,048
|
|||
Receivables:
|
||||
Investments sold
|
2,551,910
|
|||
Dividends and interest
|
1,451,514
|
|||
Other assets
|
24,108
|
|||
Total assets
|
210,757,652
|
|||
Liabilities:
|
||||
Payables:
|
||||
Investments purchased
|
37,886
|
|||
Advisory fees
|
183,212
|
|||
Administration fees
|
36,684
|
|||
Chief Compliance Officer fees
|
5,500
|
|||
Director fees
|
11,292
|
|||
Fund accounting fees
|
2,639
|
|||
Custody fees
|
3,833
|
|||
Transfer Agent fees
|
3,356
|
|||
Legal fees
|
6,260
|
|||
Audit fees
|
45,006
|
|||
Reports and notices to shareholders
|
19,584
|
|||
Accrued expenses and other liabilities
|
8,868
|
|||
Total liabilities
|
364,120
|
|||
Net assets applicable to common shareholders
|
$
|
210,393,532
|
||
Net assets applicable to common shareholders:
|
||||
Common stock – $0.001 par value per common share; 199,995,800 shares authorized;
|
||||
12,712,964 shares issued and outstanding, 14,343,863 shares held in treasury
|
$
|
403,361,411
|
||
Cost of shares held in treasury
|
(220,518,502
|
)
|
||
Total distributable earnings (deficit)
|
27,550,623
|
|||
Net assets applicable to common shareholders
|
$
|
210,393,532
|
||
Net asset value per common share ($210,393,532 applicable to
|
||||
12,712,964 common shares outstanding)
|
$
|
16.55
|
For the year ended
|
||||
December 31, 2021
|
||||
Investment income:
|
||||
Dividends
|
$
|
3,921,009
|
||
Interest
|
331,514
|
|||
Total investment income
|
4,252,523
|
|||
Expenses:
|
||||
Investment advisory fees
|
2,109,493
|
|||
Directors’ fees and expenses
|
180,204
|
|||
Administration fees and expenses
|
158,821
|
|||
Legal fees and expenses
|
136,375
|
|||
Stock exchange listing fees
|
67,391
|
|||
Compliance fees and expenses
|
55,661
|
|||
Reports and notices to shareholders
|
46,515
|
|||
Accounting fees and expenses
|
40,219
|
|||
Audit fees
|
34,431
|
|||
Insurance fees
|
30,609
|
|||
Transfer agency fees and expenses
|
28,393
|
|||
Custody fees and expenses
|
22,349
|
|||
Other expenses
|
2,853
|
|||
Net expenses
|
2,913,314
|
|||
Net investment income
|
1,339,209
|
|||
Net realized and unrealized gains from investment activities:
|
||||
Net realized gain from:
|
||||
Investments
|
21,575,933
|
|||
Distributions received from investment companies
|
8,394,774
|
|||
Net realized gain
|
29,970,707
|
|||
Change in net unrealized appreciation on:
|
||||
Investments
|
9,469,453
|
|||
Net realized and unrealized gains from investment activities
|
39,440,160
|
|||
Increase in net assets resulting from operations
|
40,779,369
|
|||
Distributions to preferred stockholders
|
(862,762
|
)
|
||
Net increase in net assets applicable to common shareholders resulting from operations
|
$
|
39,916,607
|
For the Year Ended
|
||||
December 31, 2021
|
||||
Cash flows from operating activities:
|
||||
Net increase in net assets applicable to common shareholders
|
$
|
40,779,369
|
||
Adjustments to reconcile net increase in net assets applicable to common
|
||||
shareholders resulting from operations to net cash provided by operating activities:
|
||||
Purchases of investments
|
(160,447,610
|
)
|
||
Proceeds from sales of investments
|
172,793,665
|
|||
Net purchases and sales of short-term investments
|
(1,284,554
|
)
|
||
Return of capital distributions received from underlying investments
|
3,096,186
|
|||
Proceeds from corporate actions
|
1,128,405
|
|||
Accretion of discount
|
(7,498
|
)
|
||
Increase in dividends and interest receivable
|
(314,120
|
)
|
||
Increase in receivable for investments sold
|
(1,486,811
|
)
|
||
Increase in other assets
|
(40
|
)
|
||
Decrease in payable for investments purchased
|
(36,460
|
)
|
||
Increase in payable to Adviser
|
19,239
|
|||
Decrease in accrued expenses and other liabilities
|
(65,115
|
)
|
||
Net distributions received from investment companies
|
8,394,774
|
|||
Net realized gains from investments and foreign currency translations
|
(29,970,707
|
)
|
||
Litigation and other proceeds
|
709
|
|||
Net change in unrealized appreciation of investments
|
(9,469,453
|
)
|
||
Net cash provided by operating activities
|
23,129,979
|
|||
Cash flows from financing activities:
|
||||
Distributions paid to common shareholders
|
(20,728,094
|
)
|
||
Distributions paid to preferred shareholders
|
(862,762
|
)
|
||
Redemptions of preferred shares
|
(1,523,075
|
)
|
||
Net cash used in financing activities
|
(23,113,931
|
)
|
||
Net change in cash
|
$
|
16,048
|
||
Cash:
|
||||
Beginning of year
|
—
|
|||
End of year
|
$
|
16,048
|
For the
|
For the
|
|||||||
year ended
|
year ended
|
|||||||
December 31, 2021
|
December 31, 2020
|
|||||||
From operations:
|
||||||||
Net investment income
|
$
|
1,339,209
|
$
|
2,278,962
|
||||
Net realized gain (loss) from:
|
||||||||
Investments
|
21,575,933
|
5,933,967
|
||||||
Short Transactions
|
—
|
(393,778
|
)
|
|||||
Distributions received from investment companies
|
8,394,774
|
1,473,382
|
||||||
Net change in unrealized appreciation on:
|
||||||||
Investments
|
9,469,453
|
2,866,864
|
||||||
Net increase in net assets resulting from operations
|
40,779,369
|
12,159,397
|
||||||
Distributions paid to preferred shareholders:
|
||||||||
Net dividends and distributions
|
(862,762
|
)
|
(1,945,979
|
)
|
||||
Total dividends and distributions paid to preferred shareholders
|
(862,762
|
)
|
(1,945,979
|
)
|
||||
Net increase in net assets applicable to common
|
||||||||
shareholders resulting from operations
|
39,916,607
|
10,213,418
|
||||||
Distributions paid to common shareholders:
|
||||||||
Net dividends and distributions
|
(20,728,094
|
)
|
(9,589,092
|
)
|
||||
Total dividends and distributions paid to common shareholders
|
(20,728,094
|
)
|
(9,589,092
|
)
|
||||
Capital Stock Transactions (Note 4)
|
||||||||
Conversion of preferred stock to common stock
|
54,076,325
|
—
|
||||||
Total capital stock transactions
|
54,076,325
|
—
|
||||||
Net increase in net assets applicable to common shareholders
|
73,264,838
|
624,326
|
||||||
Net assets applicable to common shareholders:
|
||||||||
Beginning of year
|
137,128,694
|
136,504,368
|
||||||
End of year
|
$
|
210,393,532
|
$
|
137,128,694
|
For the year ended December 31,
|
||||||||||||||||||
2021
|
2020
|
2019
|
2018
|
2017
|
||||||||||||||
$
|
16.13
|
$
|
16.06
|
$
|
13.78
|
$
|
16.70
|
$
|
15.56
|
|||||||||
0.18
|
0.59
|
0.31
|
(0.18
|
)
|
0.44
|
|||||||||||||
4.06
|
0.84
|
3.13
|
(1.06
|
)
|
2.26
|
|||||||||||||
4.24
|
1.43
|
3.44
|
(1.24
|
)
|
2.70
|
|||||||||||||
(0.05
|
)
|
(0.21
|
)
|
(0.05
|
)
|
(0.08
|
)
|
(0.10
|
)
|
|||||||||
(0.03
|
)
|
(0.02
|
)
|
(0.18
|
)
|
(0.15
|
)
|
(0.13
|
)
|
|||||||||
4.16
|
1.20
|
3.21
|
(1.47
|
)
|
2.47
|
|||||||||||||
(0.23
|
)
|
(0.65
|
)
|
(0.20
|
)
|
(0.26
|
)
|
(0.33
|
)
|
|||||||||
(1.57
|
)
|
(0.48
|
)
|
(0.73
|
)
|
(1.15
|
)
|
(1.00
|
)
|
|||||||||
—
|
—
|
—
|
(0.04
|
)
|
—
|
|||||||||||||
(1.80
|
)
|
(1.13
|
)
|
(0.93
|
)
|
(1.45
|
)
|
(1.33
|
)
|
|||||||||
—
|
—
|
—
|
—
|
0.00
|
(5)
|
|||||||||||||
(1.94
|
)
|
—
|
—
|
—
|
—
|
|||||||||||||
$
|
16.55
|
$
|
16.13
|
$
|
16.06
|
$
|
13.78
|
$
|
16.70
|
|||||||||
$
|
15.45
|
$
|
14.08
|
$
|
14.73
|
$
|
11.84
|
$
|
14.88
|
|||||||||
14.09
|
%
|
9.24
|
%
|
23.72
|
%
|
-8.79
|
%
|
15.93
|
%
|
|||||||||
23.62
|
%
|
5.00
|
%
|
32.93
|
%
|
-10.55
|
%
|
18.71
|
%
|
|||||||||
1.57
|
%
|
2.13
|
%
|
1.99
|
%
|
1.92
|
%
|
1.92
|
%
|
|||||||||
0.72
|
%
|
1.96
|
%
|
2.01
|
%
|
0.27
|
%
|
2.45
|
%
|
|||||||||
$
|
210,394
|
$
|
137,129
|
$
|
136,504
|
$
|
117,173
|
$
|
141,946
|
|||||||||
$
|
—
|
$
|
55,599
|
$
|
55,599
|
$
|
55,599
|
$
|
55,599
|
|||||||||
80
|
%
|
85
|
%
|
75
|
%
|
66
|
%
|
59
|
%
|
|||||||||
—
|
2,223,976
|
2,223,976
|
2,223,976
|
2,223,976
|
||||||||||||||
$
|
—
|
$
|
87
|
$
|
86
|
$
|
78
|
$
|
89
|
(1)
|
Recognition of investment income by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
|
(2)
|
Total net asset value return is calculated assuming a $10,000 purchase of common stock at the current net asset value on the first day of each period reported and a sale at the current net asset value on the last
day of each period reported, and assuming reinvestment of dividends and other distributions at the net asset value on the ex-dividend date. Total investment return based on net asset value is hypothetical as investors can not purchase or sell
Fund shares at net asset value but only at market prices. Returns do not reflect the deduction of taxes that a shareholder could pay on Fund dividends and other distributions, if any, or the sale of Fund shares.
|
(3)
|
Total market price return is calculated assuming a $10,000 purchase of common stock at the current market price on the first day of each period reported and a sale at the current market price on the last day of each
period reported, and assuming reinvestment of dividends and other distributions to common shareholders at the lower of the NAV or the closing market price on the ex-dividend date. Total investment return does not reflect brokerage commissions
and has not been annualized for the period of less than one year. Returns do not reflect the deduction of taxes that a shareholder could pay on Fund dividends and other distributions, if any, or the sale of Fund shares.
|
(4)
|
Does not include expenses of the investment companies in which the Fund invests.
|
(5)
|
Less than 0.5 cents per share.
|
Level 1—
|
Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
|
Level 2—
|
Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on
an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
|
Level 3—
|
Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the
asset or liability, and would be based on the best information available.
|
Quoted Prices in
|
||||||||||||||||
Active Markets
|
||||||||||||||||
for Identical
|
Significant Other
|
Unobservable
|
||||||||||||||
Investments
|
Observable Inputs
|
Inputs
|
||||||||||||||
(Level 1)
|
(Level 2)
|
(Level 3)*
|
Total
|
|||||||||||||
Investment Companies
|
||||||||||||||||
Closed-End Funds
|
$
|
92,904,992
|
$
|
—
|
$
|
—
|
$
|
92,904,992
|
||||||||
Business Development
|
||||||||||||||||
Companies
|
11,735,580
|
—
|
—
|
11,735,580
|
||||||||||||
Trust Certificates
|
—
|
—
|
70,568
|
70,568
|
||||||||||||
Preferred Stocks
|
||||||||||||||||
Capital Markets
|
735,000
|
—
|
—
|
735,000
|
||||||||||||
Electrical Equipment
|
2,104,000
|
—
|
—
|
2,104,000
|
||||||||||||
Entertainment
|
—
|
1,103,385
|
—
|
1,103,385
|
||||||||||||
Internet & Direct
|
||||||||||||||||
Marketing Retail
|
1,060,000
|
—
|
—
|
1,060,000
|
||||||||||||
Real Estate Investment Trusts
|
5,829,119
|
1,507,800
|
—
|
7,336,919
|
||||||||||||
Other Common Stocks
|
||||||||||||||||
Food & Staples Retailing
|
1,043,358
|
—
|
—
|
1,043,358
|
||||||||||||
Insurance
|
51,000
|
—
|
—
|
51,000
|
||||||||||||
Oil, Gas & Consumable Fuels
|
3,371,949
|
—
|
—
|
3,371,949
|
||||||||||||
Real Estate Investment Trusts
|
10,012,851
|
—
|
—
|
10,012,851
|
||||||||||||
Real Estate Management
|
||||||||||||||||
& Development
|
1,572,526
|
—
|
—
|
1,572,526
|
||||||||||||
Software
|
183,000
|
—
|
—
|
183,000
|
||||||||||||
Special Purpose
|
||||||||||||||||
Acquisition Vehicles
|
48,295,398
|
6,161,478
|
—
|
54,456,876
|
||||||||||||
Corporate Obligations
|
—
|
—
|
3,631,998
|
3,631,998
|
||||||||||||
Warrants
|
1,270,739
|
51,667
|
0
|
1,322,406
|
||||||||||||
Rights
|
56,948
|
—
|
—
|
56,948
|
||||||||||||
Money Market Funds
|
13,960,716
|
—
|
—
|
13,960,716
|
||||||||||||
Total
|
$
|
194,187,176
|
$
|
8,824,330
|
$
|
3,702,566
|
$
|
206,714,072
|
*
|
The Fund measures Level 3 activity as of the beginning and end of each financial reporting period.
|
Derivatives not accounted
|
Statement of Assets &
|
|
for as hedging instruments
|
Liabilities Location
|
Value
|
Equity Contracts – Warrants
|
Investments, at value
|
$1,322,406
|
Amount of Realized Gain on Derivatives Recognized in Income
|
||
Derivatives not accounted
|
Statement of
|
|
for as hedging instruments
|
Operations Location
|
Value
|
Equity Contracts – Warrants
|
Net Realized Gain
|
$2,185,112
|
on Investments
|
||
Change in Unrealized Depreciation on Derivatives Recognized in Income
|
||
Derivatives not accounted
|
Statement of
|
|
for as hedging instruments
|
Operations Location
|
Total
|
Equity Contracts – Warrants
|
Net change in unrealized
|
$(1,204,507)
|
depreciation of investments
|
Trust
|
Corporate
|
|||||||||||
Category
|
Certificates
|
Obligations
|
Warrants
|
|||||||||
Balance as of 12/31/2020
|
$
|
—
|
$
|
1,400,000
|
$
|
0
|
||||||
Acquisitions
|
—
|
151,045
|
—
|
|||||||||
Dispositions
|
—
|
—
|
—
|
|||||||||
Transfers into (out of) Level 3
|
—
|
—
|
—
|
|||||||||
Accretion/Amortization
|
—
|
(2,172
|
)
|
—
|
||||||||
Corporate Actions
|
92,870
|
3,046,525
|
—
|
|||||||||
Realized Gain (Loss)
|
—
|
—
|
—
|
|||||||||
Change in unrealized appreciation (depreciation)
|
(22,302
|
)
|
(963,400
|
)
|
—
|
|||||||
Balance as of 12/31/2021
|
$
|
70,568
|
$
|
3,631,998
|
$
|
0
|
||||||
Change in unrealized appreciation (depreciation)
|
||||||||||||
during the period for Level 3 investments
|
||||||||||||
held at December 31, 2021
|
$
|
(22,302
|
)
|
$
|
(1,163,400
|
)
|
$
|
—
|
Fair Value
|
Valuation
|
Unobservable
|
Impact to valuation
|
||
Category
|
12/31/2021
|
Methodologies
|
Inputs
|
Range
|
from an increase to input
|
Trust
|
$ 70,568
|
Last Traded Price
|
Market
|
$0.2201
|
Significant changes in
|
Certificates
|
Assessments
|
market conditions could
|
|||
result in direct and
|
|||||
proportional changes in the
|
|||||
fair value of the security
|
|||||
Corporate
|
3,631,998
|
Last Traded Price,
|
Terms of the
|
70.50-
|
Significant changes in
|
Obligations
|
Company-Specific
|
Note/ Financial
|
87.50
|
company’s financials,
|
|
Information
|
Assessments/
|
changes to the terms of the
|
|||
Company
|
notes or changes to the
|
||||
Announcements
|
general business conditions
|
||||
impacting the company’s
|
|||||
business may result in
|
|||||
changes to the fair value of
|
|||||
the securities
|
|||||
Warrants
|
0
|
Last Traded Price
|
Market
|
0.00
|
Significant changes in
|
Assessments
|
market conditions could
|
||||
result in direct and
|
|||||
proportional changes in the
|
|||||
fair value of the security
|
For the
|
For the
|
|||||||
year ended
|
year ended
|
|||||||
Distributions paid to common shareholders from:
|
December 31, 2021
|
December 31, 2020
|
||||||
Ordinary income
|
$
|
12,420,427
|
$
|
5,545,452
|
||||
Long-term capital gains
|
8,307,667
|
4,043,640
|
||||||
Total distributions paid
|
$
|
20,728,094
|
$
|
9,589,092
|
||||
For the
|
For the
|
|||||||
year ended
|
year ended
|
|||||||
Distributions paid to preferred shareholders from:
|
December 31, 2021
|
December 31, 2020
|
||||||
Ordinary income
|
$
|
577,139
|
$
|
1,752,940
|
||||
Long-term capital gains
|
285,623
|
193,039
|
||||||
Total distributions paid
|
$
|
862,762
|
$
|
1,945,979
|
Tax cost of investments
|
$
|
189,563,403
|
||
Unrealized appreciation
|
25,078,003
|
|||
Unrealized depreciation
|
(7,927,334
|
)
|
||
Net unrealized appreciation
|
17,150,669
|
|||
Undistributed ordinary income
|
—
|
|||
Undistributed long-term gains
|
10,399,954
|
|||
Total distributable earnings
|
10,399,954
|
|||
Other accumulated/gains losses and other temporary differences
|
—
|
|||
Total accumulated gains
|
$
|
27,550,623
|
FOR
|
% of Quorum
|
% of O/S
|
WITHHELD
|
9,842,353
|
93.23%
|
77.42%
|
714,878
|
Proposal to elect Phillip Goldstein as a director:
|
|||
FOR
|
% of Quorum
|
% of O/S
|
WITHHELD
|
9,814,449
|
92.96%
|
77.20%
|
742,782
|
Proposal to elect Ben Harris as a director:
|
|||
FOR
|
% of Quorum
|
% of O/S
|
WITHHELD
|
10,403,021
|
98.54%
|
81.83%
|
154,210
|
Proposal to elect Gerald Hellerman as a director:
|
|||
FOR
|
% of Quorum
|
% of O/S
|
WITHHELD
|
9,824,354
|
93.06%
|
77.28%
|
732,877
|
FOR
|
% of Quorum
|
% of O/S
|
WITHHELD
|
10,410,328
|
98.61%
|
81.89%
|
146,903
|
Proposal to elect Charles C. Walden as a director:
|
|||
FOR
|
% of Quorum
|
% of O/S
|
WITHHELD
|
10,383,050
|
98.35%
|
81.67%
|
174,181
|
FOR
|
AGAINST
|
ABSTAIN
|
BROKER NON-VOTE
|
% of Quorum
|
% of O/S
|
6,106,948
|
158,720
|
820,517
|
3,471,046
|
57.85%
|
48.04%
|
Term of
|
Number of
|
Other
|
|||
Office
|
Portfolios
|
Directorships
|
|||
and
|
in Fund
|
held by
|
|||
Position(s)
|
Length
|
Principal Occupation
|
Complex
|
Director During
|
|
Name, Address
|
Held with
|
of Time
|
During the Past
|
Overseen
|
the Past
|
and Age*
|
the Fund
|
Served
|
Five Years
|
by Director**
|
Five Years
|
INTERESTED DIRECTORS
|
|||||
Andrew Dakos***
|
President
|
1 year;
|
Partner of the Adviser since
|
1
|
Director, Brookfield
|
(55)
|
as of
|
Since
|
2009; Principal of the former
|
DTLA Fund Office
|
|
October
|
2009
|
general partner of several
|
Trust Investor, Inc.;
|
||
2009.
|
private investment partnerships
|
Trustee, Crossroads
|
|||
in the Bulldog Investors group
|
Liquidating Trust
|
||||
of private funds.
|
(until 2020);
|
||||
Trustee, High
|
|||||
Income Securities
|
|||||
Fund; Chairman,
|
|||||
Swiss Helvetia
|
|||||
Fund, Inc.; Director,
|
|||||
Emergent Capital,
|
|||||
Inc. (until 2017).
|
|||||
Phillip Goldstein***
|
Chairman
|
1 year;
|
Partner of the Adviser since
|
1
|
Chairman, Mexico
|
(77)
|
and
|
Since
|
2009; Principal of the former
|
Equity and Income
|
|
Secretary
|
2009
|
general partner of several
|
Fund, Inc.; Director,
|
||
as of
|
private investment partnerships
|
MVC Capital, Inc.
|
|||
October
|
in the Bulldog Investors group
|
(until 2020);
|
|||
2009.
|
of private funds.
|
Director, Brookfield
|
|||
DTLA Fund Office
|
|||||
Trust Investor, Inc.;
|
|||||
Trustee, Crossroads
|
|||||
Liquidating Trust
|
|||||
(until 2020);
|
|||||
Chairman, High
|
|||||
Income Securities
|
|||||
Fund; Director,
|
|||||
Swiss Helvetia
|
|||||
Fund, Inc.;
|
|||||
Chairman,
|
|||||
Emergent Capital,
|
|||||
Inc. (until 2017).
|
Term of
|
Number of
|
Other
|
|||
Office
|
Portfolios
|
Directorships
|
|||
and
|
in Fund
|
held by
|
|||
Position(s)
|
Length
|
Principal Occupation
|
Complex
|
Director During
|
|
Name, Address
|
Held with
|
of Time
|
During the Past
|
Overseen
|
the Past
|
and Age*
|
the Fund
|
Served
|
Five Years
|
by Director**
|
Five Years
|
INDEPENDENT DIRECTORS
|
|||||
Gerald Hellerman
|
—
|
1 year;
|
Managing Director of Hellerman
|
1
|
Director, Mexico
|
(84)
|
Since
|
Associates (a financial and
|
Equity and Income
|
||
2009
|
corporate consulting firm) since
|
Fund, Inc.; Director,
|
|||
1993 (which terminated activities
|
MVC Capital, Inc.
|
||||
as of December, 31, 2013).
|
(until 2020);
|
||||
Trustee, Crossroads
|
|||||
Liquidating Trust
|
|||||
(until 2020);
|
|||||
Trustee, Fiera
|
|||||
Capital Series Trust;
|
|||||
Trustee, High
|
|||||
Income Securities
|
|||||
Fund; Director,
|
|||||
Swiss Helvetia
|
|||||
Fund, Inc.;
|
|||||
Director, Emergent
|
|||||
Capital, Inc.
|
|||||
(until 2017);
|
|||||
Director, Ironsides
|
|||||
Partners Opportunity
|
|||||
Offshore Fund Ltd.
|
|||||
(until 2016).
|
|||||
Marc Lunder
|
—
|
1 year;
|
Managing Member of Lunder
|
1
|
None
|
(58)
|
Effective
|
Capital LLC.
|
|||
January 1,
|
|||||
2015
|
|||||
Ben Harris
|
—
|
1 year;
|
Chief Executive Officer of
|
1
|
Trustee,
|
(53)
|
Since
|
Hormel Harris Investments, LLC;
|
High Income
|
||
2009
|
Principal of NBC Bancshares, LLC;
|
Securities Fund.
|
|||
Chief Executive Officer of Crossroads
|
|||||
Capital, Inc.; Administrator of
|
|||||
Crossroads Liquidating Trust.
|
Term of
|
Number of
|
Other
|
|||
Office
|
Portfolios
|
Directorships
|
|||
and
|
in Fund
|
held by
|
|||
Position(s)
|
Length
|
Principal Occupation
|
Complex
|
Director During
|
|
Name, Address
|
Held with
|
of Time
|
During the Past
|
Overseen
|
the Past
|
and Age*
|
the Fund
|
Served
|
Five Years
|
by Director**
|
Five Years
|
Charles C. Walden
|
—
|
1 year;
|
President and Owner of Sound
|
1
|
Independent
|
(77)
|
Since
|
Capital Associates, LLC
|
Chairman, Third
|
||
2009
|
(consulting firm).
|
Avenue Funds
|
|||
(fund complex
|
|||||
consisting of three
|
|||||
funds and one
|
|||||
variable series trust)
|
|||||
(until 2019).
|
|||||
OFFICERS
|
|||||
Andrew Dakos***
|
President
|
1 year;
|
Partner of the Adviser since
|
n/a
|
n/a
|
(55)
|
as of
|
Since
|
2009; Principal of the former
|
||
October
|
2009
|
general partner of several
|
|||
2009.
|
private investment partnerships
|
||||
in the Bulldog Investors group
|
|||||
of private funds.
|
|||||
Rajeev Das***
|
Vice-
|
1 year;
|
Principal of the Adviser.
|
n/a
|
n/a
|
(53)
|
President
|
Since
|
|||
as of
|
2009
|
||||
October
|
|||||
2009.
|
|||||
Phillip Goldstein***
|
Chairman
|
1 year;
|
Partner of the Adviser
|
n/a
|
n/a
|
(77)
|
and
|
Since
|
since 2009; Principal of the
|
||
Secretary
|
2009
|
former general partner of
|
|||
as of
|
several private investment
|
||||
October
|
partnerships in the Bulldog
|
||||
2009.
|
Investors group of funds.
|
||||
Stephanie Darling***
|
Chief
|
1 year;
|
General Counsel and Chief
|
n/a
|
n/a
|
(51)
|
Compliance
|
Since
|
Compliance Officer of
|
||
Officer
|
2020
|
Bulldog Investors, LLP;
|
|||
as of
|
Chief Compliance Officer –
|
||||
April
|
High Income Securities Fund,
|
||||
2020.
|
Swiss Helvetia Fund, and
|
||||
Mexico Equity and Income
|
|||||
Fund; Principal, the Law
|
|||||
Office of Stephanie Darling;
|
|||||
Editor-In-Chief, the
|
|||||
Investment Lawyer.
|
Term of
|
Number of
|
Other
|
|||
Office
|
Portfolios
|
Directorships
|
|||
and
|
in Fund
|
held by
|
|||
Position(s)
|
Length
|
Principal Occupation
|
Complex
|
Director During
|
|
Name, Address
|
Held with
|
of Time
|
During the Past
|
Overseen
|
the Past
|
and Age*
|
the Fund
|
Served
|
Five Years
|
by Director**
|
Five Years
|
Thomas Antonucci***
|
Chief
|
1 year;
|
Director of Operations
|
n/a
|
n/a
|
(53)
|
Financial
|
Since
|
of the Adviser.
|
||
Officer
|
2014
|
||||
and
|
|||||
Treasurer
|
|||||
as of
|
|||||
January
|
|||||
2014.
|
*
|
The address for all directors and officers is c/o Special Opportunities Fund, Inc., 615 East Michigan Street, Milwaukee, WI 53202.
|
|
**
|
The Fund Complex is comprised of only the Fund.
|
|
***
|
Messrs. Dakos, Goldstein, Das, Antonucci and Ms. Darling are each considered an “interested person” of the Fund within the meaning of the 1940 Act because of their affiliation with Bulldog Investors, LLP, the
Adviser, and their positions as officers of the Fund.
|
1.
|
Information from the Consumer: this category includes information the Fund receives from you on or in applications or other forms, correspondence, or conversations (such as your name, address, phone number, social
security number, assets, income and date of birth); and
|
|
2.
|
Information about the Consumer’s transactions: this category includes information about your transactions with the Fund, its affiliates, or others (such as your account number and balance, payment history, parties
to transactions, cost basis information, and other financial information).
|
December 31, 2021
|
December 31, 2020
|
|
Registrant
|
$6,000
|
$6,000
|
Registrant’s Investment Adviser
|
$0
|
$0
|
Period
|
(a)
Total Number of
Shares (or Units)
Purchased
|
(b)
Average Price Paid
per Share (or Unit) |
(c)
Total Number of
Shares (or Units)
Purchased as Part
of Publicly Announced
Plans or Programs
|
(d)
Maximum Number
(or Approximate
Dollar Value) of
Shares (or Units)
that May Yet Be
Purchased Under the
Plans or Programs
|
7/1/2021 to
7/31/2021
|
N/A
|
N/A
|
N/A
|
N/A
|
8/1/2021 to
8/31/2021
|
N/A
|
N/A
|
N/A
|
N/A
|
9/1/2021 to
9/30/2021
|
N/A
|
N/A
|
N/A
|
N/A
|
10/1/2021 to
10/31/2021
|
N/A
|
N/A
|
N/A
|
N/A
|
11/1/2021 to
11/30/2021
|
N/A
|
N/A
|
N/A
|
N/A
|
12/1/2021 to
12/31/2021
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
(a)
|
The Registrant’s President and Chief Financial Officer have reviewed the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) as of a date within 90 days of
the filing of this report, as required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d‑15(b) under the Securities Exchange Act of 1934. Based on their review, such officers have concluded that the disclosure controls and
procedures are effective in ensuring that information required to be disclosed in this report is appropriately recorded, processed, summarized and reported and made known to them by others within the Registrant and by the Registrant’s
service provider.
|
(b)
|
There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the second fiscal quarter of the period covered by this report that has materially
affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.
|
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