0001104659-22-009099.txt : 20220128
0001104659-22-009099.hdr.sgml : 20220128
20220128172705
ACCESSION NUMBER: 0001104659-22-009099
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220127
FILED AS OF DATE: 20220128
DATE AS OF CHANGE: 20220128
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Dakos Andrew
CENTRAL INDEX KEY: 0001341021
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 811-07528
FILM NUMBER: 22570240
MAIL ADDRESS:
STREET 1: PARK 80 WEST-PLAZA TWO
STREET 2: 250 PEHLE AVE., SUITE 708
CITY: SADDLE BROOK
STATE: NJ
ZIP: 07663
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SPECIAL OPPORTUNITIES FUND, INC.
CENTRAL INDEX KEY: 0000897802
STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000]
IRS NUMBER: 133702911
STATE OF INCORPORATION: MD
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: C/O US BANCORP FUND SERVICES, LLC
STREET 2: 615 EAST MICHIGAN AVENUE
CITY: MILWAUKEE
STATE: WI
ZIP: 53202
BUSINESS PHONE: 414-765-4319
MAIL ADDRESS:
STREET 1: C/O US BANCORP FUND SERVICES, LLC
STREET 2: 615 EAST MICHIGAN AVENUE
CITY: MILWAUKEE
STATE: WI
ZIP: 53202
FORMER COMPANY:
FORMER CONFORMED NAME: INSURED MUNICIPAL INCOME FUND INC
DATE OF NAME CHANGE: 19960213
FORMER COMPANY:
FORMER CONFORMED NAME: PAINEWEBBER PREMIER INSURED MUNICIPAL INCOME FUND INC
DATE OF NAME CHANGE: 19930714
4
1
tm224833d3_4.xml
OWNERSHIP DOCUMENT
X0306
4
2022-01-27
0
0000897802
SPECIAL OPPORTUNITIES FUND, INC.
SPE
0001341021
Dakos Andrew
C/O SPECIAL OPPORTUNITIES FUND, INC.,
615 EAST MICHIGAN STREET
MILWAUKEE
WI
53202
1
1
0
0
President
Common Stock
12178
D
Common Stock
6225
I
By Spouse
Common Stock
936
I
By Minor Children
2.75% Convertible Preferred Stock, Series C
0
2022-01-27
4
X
0
200
25
A
Common Stock
244
200
D
The Reporting Person disclaims beneficial ownership of the securities owned by his spouse and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purposes.
The Reporting Person disclaims beneficial ownership of the securities owned by his minor children and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purposes.
Transferable subscription rights ("Rights") were issued on a pro rata basis to stockholders of record as of December 20, 2021 in connection with a rights offering by the Issuer at the rate of one Right for each five shares of common stock owned (the "Basic Subscription Right"). Each Right entitled its holder to purchase one share of 2.75% Convertible Preferred Stock, Series C ("Preferred Stock") at a subscription price of $25 per share. Pursuant to the terms of the offering, a stockholder who purchased the maximum amount of Preferred Stock pursuant to its Basic Subscription Right was also entitled to purchase additional shares of Preferred Stock that were not purchased by the other stockholders (the "Over-Subscription Privilege"). Additionally, in order to honor all Over-Subscription Privilege requests, the Issuer issued up to 1,500,000 additional shares of Preferred Stock to honor the Over-Subscription Privilege.
The rights offering expired January 21, 2022 and shares of Preferred Stock are expected to be allocated by the transfer agent to purchasing stockholders on or about January 27, 2022.
The shares of Preferred Stock are convertible into common stock immediately upon issuance at a conversion rate equivalent to a conversion price of $20.50 per share of common stock (which is a ratio of 1.219 shares of common stock for each share of Preferred Stock held), subject to adjustment.
The shares of Preferred Stock will be redeemed by the Issuer if not converted prior to January 21, 2027.
/s/ Stephanie Darling, as Power of Attorney for Andrew Dakos
2022-01-28