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